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 ...

This isn't the first time President Trump has sought to reverse drilling bans. As he learned in his first term, it won't be easy.

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.