Noble Corporation PLC (NYSE:NE) Extends Its Gain


In the last trading session, the stock price of Noble Corporation PLC (NYSE:NE) gained more than 1% to close the day at $5.10. The gains came at a share volume of 5.01 million compared to average share volume of 7.97 million. Post the recent gain, the market cap of firm was noted at $1.2 billion.

The buzz

Speedcast International Limited reported that the firm has been chosen by Noble Corporation to offer new fully managed connectivity services and IT communications equipment to their international drilling fleet. It is uniquely positioned to provide an international “network of networks,” enabling its consumers to use the strongest, integrated network infrastructure offered combined with the advanced technology to offer a superior service which fulfills customers’ international requirements and pushes the line of advancement.

Through an arrangement of satellite 4G/LTE and Very Small Aperture Terminals in major regions, Speedcast will offer end-to-end managed communication offerings to Noble’s fleet of rigs and vessels. The solution comprises a technology change-out of the entire hardware infrastructure of fleet, with installations of the latest modem technologies and dual-band antennas to maximize security, redundancy and throughput.

Noble will also gain from segmented crew and operational networks to optimize network availability and efficiency. The end-to-end service is set to be supported by Speedcast’s international consumer service facilities, with local field engineers in all operating regions to provide reliable, fast support, unparalleled in the industry.

Keith Johnson of Speedcast expressed that this award is an achievement endorsement of the investment they have made to advance company as the international leader in the Energy segment. They are pleased to add Noble’s international fleet to the leading Energy consumers that already put their confidence in Speedcast. This award enables them to showcase their truly international scale for consistent service in the remote environments, where high priority and critical connectivity solutions are needed.

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