# Noble buys Diamond for 1.6 billion **URL:** \ **Category:** Professional Mariner Forum\ **Created:** [June 10, 2024, 11:06am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726 "2024-06-10T11:06:53Z")\ **Posts on this page:** 12\ **Page:** 1
**Author:** ![SeaEagle](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/seaeagle/32/17788_2.png) [@SeaEagle](https://forum.gcaptain.com/u/SeaEagle)\ **Post date:** [June 10, 2024, 11:06am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/1 "2024-06-10T11:06:53Z")
Any thoughts about potential employment, work changes, benefits of this exchange either positive or negative. Lot of mergers going on. ---
**Author:** ![tugsailor](https://avatars.discourse-cdn.com/v4/letter/t/a9adbd/32.png) [@tugsailor](https://forum.gcaptain.com/u/tugsailor)\ **Post date:** [June 10, 2024, 9:28pm UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/2 "2024-06-10T21:28:56Z")
Many companies are making big money and not spending on higher wages. They basically have two choices: buy back shares or buy competitors to grow market share. ---
**Author:** ![Dipsea](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/dipsea/32/69278_2.png) [@Dipsea](https://forum.gcaptain.com/u/Dipsea)\ **Post date:** [June 11, 2024, 12:13am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/3 "2024-06-11T00:13:35Z")
Noble runs leaner marine manning and pays on average 20% less…not good news for Diamond mariners ---
**Author:** ![tengineer1](https://avatars.discourse-cdn.com/v4/letter/t/858c86/32.png) [@tengineer1](https://forum.gcaptain.com/u/tengineer1)\ **Post date:** [June 11, 2024, 11:27am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/4 "2024-06-11T11:27:18Z")
Noble used to be considered an entry level drilling company and an employer of last resort among the drill ship crowd, don’t know about now though. ---
**Author:** ![Dipsea](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/dipsea/32/69278_2.png) [@Dipsea](https://forum.gcaptain.com/u/Dipsea)\ **Post date:** [June 11, 2024, 7:46pm UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/6 "2024-06-11T19:46:35Z")
Things might have changed when they absorbed Maersk for Noble but hard to see how. Down to Transocean Valaris Noble , Stena (kind of) and Seadrill (just barely) for GOM work…Valaris probably paying the best out of the rest at this point ---
**Author:** ![shipmate\_1](https://avatars.discourse-cdn.com/v4/letter/s/57b2e6/32.png) [@shipmate\_1](https://forum.gcaptain.com/u/shipmate_1)\ **Post date:** [June 11, 2024, 10:45pm UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/7 "2024-06-11T22:45:32Z")
Wow. Valaris the high payer. Thats a race to the bottom. Hope the Boys enjoy wearing Yellow! ---
**Author:** ![PDCMATE](https://avatars.discourse-cdn.com/v4/letter/p/2acd7d/32.png) [@PDCMATE](https://forum.gcaptain.com/u/PDCMATE)\ **Post date:** [June 12, 2024, 12:43am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/8 "2024-06-12T00:43:49Z")
That 15+ mile difference for the DODI office personnel is going to be brutal. ---
**Author:** ![Dipsea](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/dipsea/32/69278_2.png) [@Dipsea](https://forum.gcaptain.com/u/Dipsea)\ **Post date:** [June 12, 2024, 12:50am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/9 "2024-06-12T00:50:32Z")
Pretty sure a lot of the DODI office personnel will be considered redundant sadly…things will pick up between the remaining drillers but it may be a while until they can absorb folks left out in the cold from this “merger” ---
**Author:** ![Capt\_Phoenix](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/capt_phoenix/32/281_2.png) [@Capt\_Phoenix](https://forum.gcaptain.com/u/Capt_Phoenix)\ **Post date:** [June 13, 2024, 10:49pm UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/10 "2024-06-13T22:49:53Z")
> [@Dipsea](#): > > Down to Transocean, Valaris, Noble, Stena (kind of), and Seadrill (just barely) for GOM work. What about Helix? ---
**Author:** ![bayouboudreaux](https://avatars.discourse-cdn.com/v4/letter/b/da6949/32.png) [@bayouboudreaux](https://forum.gcaptain.com/u/bayouboudreaux)\ **Post date:** [June 14, 2024, 2:44am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/11 "2024-06-14T02:44:07Z")
Supposedly the Pacific Vessels and Maersk vessels are still operating on the older platforms for permitted jobs, SMS, and manning. I’m not sure about pay, but I do know that Diamond carries multiple positions that Noble does not and it will be interesting to see how the manning between the two companies is compromised. I believe as long as the Diamond drillships are on contract that the contractor will not allow noble to change the manning… unless they charge the contractor less per day… then I’m sure they are all for it. I believe Diamond was the last of the smaller drilling companies where crews were like families and the office knew everyone on the vessels. Now the big 4 in the gulf are all that is left (Seadrill, T.O., VALARIS, and Noble) and it wouldn’t surprise me if some wage fixing started taking place. ---
**Author:** ![Dipsea](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/dipsea/32/69278_2.png) [@Dipsea](https://forum.gcaptain.com/u/Dipsea)\ **Post date:** [June 14, 2024, 3:02am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/12 "2024-06-14T03:02:10Z")
To my knowledge Helix doesn’t drill wells.on!y does P&A and sub sea intervention stuff…so yes they do work in the GOM but not really a drilling company. ---
**Author:** ![mariner-25](https://avatars.discourse-cdn.com/v4/letter/m/e9c0ed/32.png) [@mariner-25](https://forum.gcaptain.com/u/mariner-25)\ **Post date:** [September 9, 2025, 5:00am UTC](https://forum.gcaptain.com/t/noble-buys-diamond-for-1-6-billion/69726/13 "2025-09-09T05:00:35Z")
> [@bayouboudreaux](#): > > I believe as long as the Diamond drillships are on contract that the contractor will not allow noble to change the manning… unless they charge the contractor less per day… then I’m sure they are all for it. Well they just announced the Noble Pay Harmonization for legacy Diamond and lets just say it hasn’t gone over well. They seemingly just brought all Diamond personnel down to Noble’s standard. DPOs/Senior DPOs got approximately a 7% pay cut. 1st, 2nd, & 3rds got similar cuts. ABs (granted I imagine they’ll be cut once contracts get negotiated) took a $5 an hour cut. Considering we can’t even fill DPO, 3rd A/e, & AB spots with competent mariners I for the life of me don’t understand the cuts. Hell and as much as I’m complaining about the pay cuts other departments got upwards of 20% in certain positions. Safety, Aux Driller/AD, & mechanics all lost ~$30k a year. Bottom of the barrel company just like they’ve always been.