The UK’s Competition and Markets Authority (CMA) says the sale of several Noble rigs to a new unit of Shelf Drilling should clear the way for its proposed merger with Maersk Drilling.
Noble Lloyd Noble
Noble Corporation (NYSE: NBL) and Maersk Drilling (CPH: DRLCO) have signed a $375m deal to sell-off several North Sea rigs to Shelf Drilling, in a move which could address competition concerns.
Maersk Drilling and Noble Drilling are preparing to sell a series of oil rigs, currently stationed in the North Sea, in order to get over competition hurdles.
Police searching for a man who went missing from an oil rig around 90 miles east of Shetland have said there are no "apparent suspicious circumstances" surrounding his disappearance.
The family of missing oil rig worker Steve Sutherland have released a statement as inquiries continue into his disappearance.
The Maritime and Coastguard Agency (MCA) has said the search for a man who went missing from a North Sea rig had been “scaled back”.
A search is being carried out in the North Sea for a man missing from a rig.