Posts filtered on Tag

noble corp

The Jim Day semisubmersible rig (Photo: Noble Corp.)

Noble Drilling stacks another Gulf rig, lays off scores of workers

This is Noble’s second stacked rig in the Gulf in less than two months.
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

These are the energy stories Houston cared about in 2015

With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on this year.
Protesters in kayaks paddle out to meet the Arctic offshore oil rig Polar Pioneer piggybacked atop the cargo deck vessel Blue Marlin as it arrives at Port Angeles, Wash., on  April 17.  (Keith Thorpe/The Peninsula Daily News via AP)

Shell cancels contract for Transocean rig

The Polar Pioneer cancellation marks the second for Transocean this month.
A worker is seen with stacks of drilling pipe on the Hercules 251, a shallow water drilling rig owned by Hercules Offshore on Wednesday, Aug. 11, 2010, near Port Fourchon. While shallow offshore drilling is not subject to a federal moratorium, Hercules officials say only two permits have been issued since June, idling activity in their fleet. The company has about 250 employees on idle rigs, with each rig costing the company about $25,000 per day to operate while generating no revenue for the company.  ( Smiley N. Pool / Chronicle )

Two companies announce 245 layoffs in the Houston area

The crude bust has claimed another 245 jobs in the Houston area as two companies announce plans to curtail operations amid waning demand for offshore drilling and oil and gas equipment.
(Photo by NOAA via Getty Images)

Halfway through hurricane season, weather largely calm

The hurricane season runs from June 1 through November, and usually peaks from mid-August through late October. This year’s season started early when Tropical Storm Ana struck South Carolina in May, but has been quiet since. No major hurricanes have formed.
The drillship Noble Discoverer undergoes sea trials off Singapore in November 2014, following shipyard work and upgrades. Those improvements included a new main propulsion system, environmental controls and enhancements to the drilling systems. (Photo: Noble Corp.)

Noble pleads guilty to violations involving Arctic drillship

Noble Corp. pleaded guilty Monday to eight criminal charges tied to pollution, propulsion and record keeping problems with the two drilling rigs that bored Arctic oil wells for Shell in 2012.
Paragon Offshore, a spinoff from offshore contractor Noble Corp., began trading on the New York Stock Exchange Monday, Aug. 4. (Paragon Offshore)

Paragon Offshore completes spinoff from Noble Corp., begins trading

Paragon Offshore became Houston’s latest publicly-traded company Monday morning when it began trading on the it began moving on New York Stock Exchange after completing its separation from Noble Corp.
The Noble Paul Romano. (Photo: Noble Corp.)

Noble Corp. won’t pursue IPO for spinoff after all

Offshore drilling contractor Noble Corp. announced Wednesday that it won’t move forward with an initial public offering of stock in a new spinoff company, but the spinoff will continue as planned.
Noble's Globetrotter drilliship (Image: Noble Corp)

Noble Corp. spinoff mirrors industry focus on new fleets

The Swiss offshore drilling contractor wants to improve the quality of its fleet by sending its aging assets to market next year and focusing on its newer, more advanced vessels. In the offshore contracting world, Noble is not alone.
Noble Corp. Bully I and Globetrotter I drillships work on a Shell project in the Gulf of Mexico. (Noble Corp.)

Noble Corp. plans to split in two

Noble Corp., the offshore rig contractor building nine new rigs, said today it plans to spin off about half its fleet into a separate company to focus on its higher-priced rigs working in deeper waters.