UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (date of earliest event reported):
(Exact name of registrant as specified in its charter)
|
|
| ||
(State or other jurisdiction of incorporation) |
(Commission file number) |
(I.R.S. employer identification number) |
|
| |
(Address of principal executive offices) |
(Zip code) |
Registrant’s telephone number, including area code: +44
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol(s) |
Name of each exchange on which registered | ||
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 | Results of Operations and Financial Condition. |
On April 9, 2020, Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (the “Company”), issued a press release providing an update on its 2020 financial guidance, including expectations regarding the results for the first quarter of 2020. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
EXHIBIT |
DESCRIPTION | |||||
99.1 |
— |
Press Release issued by Noble Corporation plc, dated April 9, 2020. | ||||
104 |
— |
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NOBLE CORPORATION plc | ||||||
Date: April 10, 2020 |
By: |
/s/ William E. Turcotte | ||||
William E. Turcotte | ||||||
Senior Vice President, General Counsel and Corporate Secretary |
Exhibit 99.1
Noble Corporation plc 10 Brook Street London W1S 1BG England
|
|
PRESS RELEASE
NOBLE CORPORATION PLC PROVIDES FLEET CONTRACT STATUS UPDATE AND WITHDRAWS FULL YEAR 2020 GUIDANCE
LONDON, April 9, 2020 - Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of April 9, 2020. The report, titled Fleet Status Report, can be found on the Companys Website www.noblecorp.com, under the Investor Relations section of the Website.
In addition, the Company expects that the decline in oil prices resulting from the substantial increase in production by Saudi Arabia and the decrease in demand for crude oil resulting from the COVID-19 pandemic will negatively impact the Companys business and results of operations for its full year 2020, but, given the uncertainty surrounding the disruptions, cannot yet predict with reasonable accuracy the magnitude or duration of the impact, or the magnitude or pace of any recovery. As a result, the Company is withdrawing its full year 2020 financial guidance that was provided on its February 20, 2020 conference call. Though the Company has not yet completed its review of results for the recently completed first quarter of 2020, it does not expect that its results of operations will differ materially from its previously announced financial guidance for the quarter.
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 25 offshore drilling units, consisting of 12 drillships and semisubmersibles and 13 jackups, focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. Noble is a public limited company registered in England and Wales with company number 08354954 and registered office at 10 Brook Street, London, W1S 1BG England. Additional information on Noble is available at www.noblecorp.com.
Forward-looking Disclosure Statement
Statements regarding financial guidance, future performance, our financial position and expectations regarding results for the first quarter of 2020, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, risks associated with operations outside of the U.S., actions or claims by regulatory authorities, customers and other third parties, legislation and regulations affecting drilling operations, compliance with regulatory requirements, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting the duration of contracts, the actual amount of downtime, factors that reduce applicable dayrates, violations of anti-corruption laws, hurricanes and other weather conditions, public health threats including the COVID-19 (Coronavirus Disease 2019) pandemic, completing our review of our results of operations for the first quarter of 2020 and finalizing and closing our accounting records for such quarter, market conditions, the future price of oil and gas and other factors detailed in the Companys most recent Form 10-K, Form 10-Qs and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.
NC-903
4/9/2020
For additional information, contact:
Jeffrey L. Chastain,
Vice President Investor Relations and Corporate Communications,
Noble Drilling Services Inc., 281-276-6383
O/1E'<&'YDS#S
Document and Entity Information |
Apr. 09, 2020 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | Noble Corp plc |
Amendment Flag | false |
Entity Central Index Key | 0001458891 |
Document Type | 8-K |
Document Period End Date | Apr. 09, 2020 |
Entity Incorporation State Country Code | X0 |
Entity File Number | 001-36211 |
Entity Tax Identification Number | 98-0619597 |
Entity Address, Address Line One | 10 Brook Street |
Entity Address, City or Town | London |
Entity Address, Country | GB |
Entity Address, Postal Zip Code | W1S 1BG |
City Area Code | 20 |
Local Phone Number | 3300 2300 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Shares, Nominal Value $0.01 per Share |
Trading Symbol | NE |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |