Offshore oil and gas driller Noble Corp. Plc said on July 31 it has filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.
Airborne Oil & Gas, a leading manufacturer of thermoplastic composite pipe (TCP), said Aug. 3 it has promoted William de la Motte to CFO following his six months as interim finance director.
“M&A has started to pick up. You saw a deal announced with Chevron buying Noble. We would expect to see more of those,” James West, senior managing director of Evercore ISI, says.