Noble Corporation, a UK-based offshore drilling contractor, has signed an all-stock deal to acquire Pacific Drilling, a Luxembourg-based ultra-deepwater drilling company. Under the terms of the transaction, shareholders of Pacific Drilling will be issued 16.6 million shares of Noble Corporation, which will enable them to take a stake of nearly 24.9% in the UK drilling […]
Energy acquisition news : Transocean, a Swiss offshore drilling contractor, has agreed to acquire its peer Ocean Rig, a Greece-based operator of semi-submersible oil rigs and UDW drillships, for $2.7 billion in a cash-cum-stock deal. Transocean acquisition of Ocean Rig is expected to help the Swiss firm bolster its fleet of ultra-deepwater and harsh-environment floating […]