Rig impairments take Noble Corp. deeper into the red

Offshore drilling contractor Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices.

Noble on Wednesday reported a net loss attributable to the company for the three months ended 31 March 2020, of $1.1 billion on total revenues of $281 million.

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