Oil Driller Noble’s CEO Says Biden Plan Will Push Rigs Outside US
- Brazil, West Africa seen commanding lion’s share of growth
- Acitivity in US Gulf of Mexico expected to remain flat: CEO
An offshore oil drilling platform.
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Noble Corp., the world’s biggest offshore oil-rig contractor by market value, expects the Biden administration’s new offshore-drilling plan to push new investments out of the US and into other parts of the world.
With as many as 10 deepwater rigs forecast to go back to work throughout the oil industry by the end of next year, Noble’s Chief Executive Officer Robert Eifler said he sees Brazil and West Africa leading the world in growth as activity in the US Gulf holds flat.