- Noble Corp. (NE -0.6%) enters into a partnership with General Electric (GE -0.9%) to collaborate on an advanced data analytics system for offshore drilling rigs.
- The agreement calls for GE to initially deploy its digital asset performance management system on four NE drilling rigs as part of a fleet pilot program, targeting a 20% reduction in repair and maintenance expenditures across the pilot rigs
- RBC analyst Kurt Hallead thinks targeting efficiency gains through digital solutions "makes a lot of sense" as operators continue seek ways to reduce the cost of offshore exploration and development.