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Stock Market & Financial Investment News

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April 30, 2014
08:36 EDTNENoble Corp. provides update on Paragon Offshore separation
Noble Corporation updated its plan to spin-off Paragon Offshore. Noble expects to effect the spin-off as a dividend of 100% of the shares of Paragon Offshore to Noble's shareholders during Q3. Paragon Offshore will own and operate most of Noble's current standard specification drilling business, including five drillships, three semisubmersibles, 34 jackups, and one FPSO. Noble will continue to own and operate its high-specification assets with particular operating focus in deepwater and ultra-deepwater market segments for drillships and semisubmersibles and harsh environment and high-specification segments for jackups.
News For NE From The Last 14 Days
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July 29, 2015
19:32 EDTNEOn The Fly: After Hours Movers
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17:19 EDTNENoble Corp. reports Q2 EPS 64c, consensus 52c
Reports Q2 revenue $794M, consensus $770.08M.
July 27, 2015
06:20 EDTNEU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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