S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger
By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
Offshore drilling contractor Noble Corporation has confirmed that a newbuild jack-up rig nearing completion at the Semcorp Marine Jurong shipyard in Singapore has been damaged after it was hit by a collapsing crane.
The accident occurred last Friday when a crane’s boom collapsed near the Noble Lloyd Noble jack-up rig. Noble said that damage to the rig appears to be confined to one area, including damage to one of the rig’s cranes. Some shipyard personnel sustained minor injuries in the accident.
Construction on the Noble Lloyd Noble was expected to be completed during the second quarter of 2016, followed by mobilization of the rig to the North Sea where it was expected to commence a four-year main term contract with Statoil during the third quarter of 2016. Noble says that since the contract stipulates a commencement date of no later than March 1, 2017, a thorough rig damage assessment is required before a revised schedule of delivery and contract commencement can be determined.
The cause of the incident is under investigation by the Singapore Ministry of Manpower, during which access to the rig will be limited during the initial phase.
Noble currently owns and operates one of the most modern fleets in the offshore drilling industry, with 16 semi-submersible rigs and drillships as well as 14 jack-ups.
Join the 63,416 members that receive our newsletter.
Have a news tip? Let us know.