DDRLF News and Press, Drilling Co Of 1972 AS

Noble Corp. (NYSE:NE) said on Thursday it agreed to sell five jackup rigs for $375M to a newly formed subsidiary of Shelf Drilling Ltd.; shares -1.3%, resuming trading after a brief halt. The sale, which is subject to approval of the U.K. Competition and Markets Authority, is intended to addr...

Noble Corp. (NYSE:NE) and Maersk Drilling (OTC:DDRLF) said after the close Tuesday that they expect to divest certain jack-up drilling rigs located in the North Sea to obtain conditional antitrust clearance from U.K. authorities for their planned merger. The companies said the merger has been...

Company surprisingly exits Saudi Arabia by selling four modern jackup rigs to competitor ADES International ("ADES") at a less-than-stellar price. With ADES partially owned by the Kingdom, Noble might have been pressured to sell the rigs. Nevertheless, the transaction vastly increases...

Valaris DS-7 Earlier this month, Valaris ( VAL ) shocked the market when it announced that its drillship Valaris DS-8 lost its blowout preventer (BOP) which has dropped to the seabed floor. At that time, the company indicated that it expected a $150 million EBITDA hit in case the custo...

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