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This is Noble’s second stacked rig in the Gulf in less than two months.
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 FuelFix.com this year.
The Polar Pioneer cancellation marks the second for Transocean this month.
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.
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.
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 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.
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.
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., 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.