Energy & Offshore

Richard Elman's resignation ‘a new dawn' for Noble: Goldilocks

The fund said there’s a chance to renew the board to protect stakeholders’ interests.

Richard Elman's resignation ‘a new dawn' for Noble: Goldilocks

The fund said there’s a chance to renew the board to protect stakeholders’ interests.

Noble founder Richard Elman resigns

This follows top shareholder Goldilocks filing a lawsuit against him and the company.

Prudential and Orbis sell 42 million shares in Noble

$5.5m worth of shares were sold in less than a week as Noble approaches a bond default.

DBS launches Electricity Marketplace in Jurong

This will enable 108,000 households to apply for energy plans directly in the platform.

StarHub to sell electricity plans to consumers in April

It will offer consumers two clean energy subscription plans as the power market readies for liberalisation.

Noble paid US$20m to keep senior staff in US oil unit

In their breakdown, there was a lump sum payment of $3.8m and a loan written off for $3.82m.

Noble inks debt restructuring agreement

It will get a new three-year US$600m trade finance and a US$100m hedging facility.

Daily Briefing: Broadcom retreats to US after Qualcomm drama; Direct sales could boost commercial property recovery

And O&M firm Gaylin Holdings receives a US$100m investment and completes restructuring.

Noble chases senior creditors for a deal before $379m bond due on 20 March

The bond has no grace period unlike the 2022 coupon that Noble decided to drop on Monday.

Noble fails to pay US$750m bond coupons

Senior creditors advised it to wait for the final terms of its debt restructuring plan.

Goldilocks backs SGX's compliance order on Noble

But others are sceptical of an independent advisor’s impact on the deal.

SGX RegCo pushes Noble to hire financial advisor

The advisor will look into shareholding structure concerns in Noble’s debt restructuring plan.

Bangladeshi power producer eyes SGX listing

Whilst the deal is only set to be modestly sized at US$300m, analysts see this as sign of SGX's enduring appeal in luring new Asian listings.

Noble's debt restructuring plan hit by suspicions

A wording on the “full release” of claims by senior creditors could absolve Noble legal debt claims.

Senoko ready to sell electricity to consumers from April

Singapore’s largest power producer gets ready for power market liberalisation.