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 said today it has entered into an agreement with a subsidiary of Shelf Drilling to sell the jack-up rig Maersk Completer for £28m in an all-cash deal.
Satellite communications specialist ITC Global has been awarded a multi-million dollar contract by Maersk Drilling to service the Danish company's fleet of drilling rigs.