Consolidation in the oil industry continues, with offshore drilling contractor Noble Corp. on Monday announcing a cash-and-stock deal to buy rival Diamond Offshore Drilling Inc. Diamond ...

Diamond Offshore Drilling (NYSE:DO) -2.1% in early trading Tuesday after saying equipment on a rig under lease to BP (BP) ...

Early Monday, Noble (NE) said it will acquire Diamond Offshore Drilling (DO) for $1.59 billion in cash and stock. The deal works out to $15.52 per DO share, or an 11.4% premium to Diamond's June 7 ...

The American oil and gas company Noble Corp. completed the acquisition of a smaller competitor Diamond Offshore Drilling, Inc. after receiving approval from the Australian regulator (Australia ...

Noble Corp. signed an agreement to acquire a smaller competitor Diamond Offshore Drilling Inc. for $1.6 billion. This is reported in a Noble press release. As part of the deal, Diamond shareholders ...

Following the acquisitions of Maersk Drilling and Diamond Offshore, Noble Corporation is now one of the largest offshore drilling contractors, second only to Transocean based on enterprise value.

The offshore drilling industry is experiencing a positive trend, as reflected in analysts' views. With a beta of 1.24, Diamond Offshore shows moderate market sensitivity, while maintaining strong ...