Tag Archives: NE

The Rally In Offshore Drillers Is Just Getting Started

Oil prices are coming back to life. Global demand is soaring on the back of booming global GDP growth and oil inventories are plummeting even during winter which is a historically slow period for demand. As oil prices and the cash flow of oil companies rise, oil producers will inevitably return to offshore with its long life assets. In this environment, offshore drillers are set to outperform. Even....More>>>

Noble Corporation Cold Stacks A Drillship

Following the fleet status report of Rowan (NYSE:RDC), Noble Corp. (NYSE:NE) has also published its fleet status update. I remind you that Noble Corp. remains the sole driller which has chosen to present monthly updates, so news may look scarce compared to Rowan because of this. Here’s the main news:

1. Noble Bully I is on route to Curacao after it finished work for Shell (NYSE:RDS.A).....More>>>

Offshore Drillers: Here We Go Again?

Go back a year, and offshore drillers like Noble (NE), Rowan (RDC), Transocean (RIG) and Atwood Oceanics (ATW) had been all but written off–until they weren’t anymore. Since then, investors have been rewarded for picking winners in the group from the losers, as Atwood Oceanics has more than doubled, Transocean has gained 34%, and Rowan has risen 42%, while Noble and Diamond....More>>>