Offshore

Drilling industry sees first signs of desired consolidation

The hard-pressed drilling sector is now seeing the first signs of a consolidation that has been long called for among drilling companies, several of which have had to seek bankruptcy protection under Chapter 11. Drilling companies Noble and Pacific Drilling have now agreed to merge.
Photo: Colourbox
Photo: Colourbox
by DANIEL LOGAN

Strained drilling companies Noble Corporation and Pacific Drilling have agreed to merge.

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