The companies developing Israel’s largest natural gas fields agreed to increase supply to their Egyptian customer as part of a landmark contract to help meet growing demand in the most populous Arab country.
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
Noble Group is seeking to pursue its debt restructuring via a Bermudan court, using a local kind of insolvency process, after a key element of its survival plan was blocked by Singapore authorities.
Noble Group Ltd. is being investigated by three Singaporean agencies for “suspected false and misleading statements” and breaches of disclosure requirements, more than three years after a whistle-blower questioned the company’s accounting.
Francis Tay feels cheated.
Arnaud Vagner has been a mystery for more than three years.
Oil and gas supply chain firm Noble Group has reported substantial restructuring losses for the first half of 2018, resulting in a net loss of £155 million.
Noble Group Ltd. suspended its shares in Singapore on Monday pending an announcement, as efforts to get shareholder agreement on its controversial $3.5 billion debt restructuring plan drag on longer than expected.
A shareholder of Noble Group has filed a lawsuit against the company in an attempt to delay a stakeholder meeting planned for the 30 April.
The cost of Noble Group Ltd.’s restructuring is likely to top $100 million, another financial burden for the cash-strapped commodities trader that has defaulted on its bonds.
A revolt by Noble Group Ltd.’s shareholders has emerged as a major threat to the embattled trading house’s $3.5 billion restructuring deal agreed with a group of hedge fund creditors, with one of its most vocal investors hitting out at the plan.
Noble Group Ltd. handed its outgoing co-Chief Executive Officer Jeff Frase a remuneration package worth about $20 million last year, even as the commodity trader slumped to a record loss of almost $5 billion.
Troubled commodities trader Noble Group has agreed a deal to restructure its debt, at the cost of current shareholders facing near wipe out.
Cedar Holdings Group, a Chinese conglomerate, has expressed interest in buying control of commodities trader Noble Group, according to people with knowledge of the matter.
Heavy losses and high debts have forced commodities trader Noble Group to wind down its London oil desk, a news report said.
For more than two years, the story of whether Noble Group Ltd. will survive or implode has gripped the global commodities industry. The next chapter gets written on Thursday as the Hong Kong-based trader reports quarterly results after the close of trade in Asia.
Vitol Group’s negotiations to buy Noble Group Ltd.’s oil trading unit are “very complicated” and may not end in a deal, the chief executive officer of Vitol said, adding to pressure on his Hong Kong-based rival.
Rival trading companies are sniffing around Noble Group in an effort to buy part of the business, a news report said.
Noble Group is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an “incredibly difficult environment.”
Noble Group Ltd.’s crisis deepened after S&P Global Ratings flagged a risk of default for the commodity trader within a year, triggering a rout in the company’s already-battered shares, an exchange query, and a trading halt before an announcement. Its 2020 bonds plunged to a record.
Noble Group Ltd., the commodity trader backed by China’s sovereign wealth fund, reported another loss in the third quarter as the Hong Kong-based company pressed on with efforts to pay down debt, boost liquidity and focus on its most profitable businesses.
Noble Group Ltd. executives mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a U.S. energy unit to raise funds, with Chairman Richard Elman describing the asset as one of the company’s crown jewels.
Noble Group Ltd. lost money in the second quarter and net debt increased as the embattled commodities trader withdraws from some markets in an attempt to conserve cash and reverse a two-year collapse in its shares.
Noble Group Ltd. plans to quit power and natural gas trading in Europe by the end of the year as the embattled commodities trading house cuts capital-intensive businesses, according to three people familiar with the matter.
Yusuf Alireza has gone but Noble Group Ltd.’s challenges remain. The commodity trader that announced Alireza’s resignation as chief executive officer on Monday as yet more assets were put up for sale, still faces the hurdle of raising about $1 billion to shore up its balance sheet.