(Bloomberg) -- Transocean Inc. agreed to buy
GlobalSantaFe Corp. for about $17 billion, combining the world's
two largest offshore oil and gas drillers.
The new company will be triple the size of its largest peer
by sales, Noble Corp., with 146 rigs and an order backlog of $33
billion. Transocean and GlobalSantaFe, both based in Houston,
called the transaction a merger in a statement, with
shareholders on neither side getting a premium for their stock.
Read more at Bloomberg Energy News
GlobalSantaFe Corp. for about $17 billion, combining the world's
two largest offshore oil and gas drillers.
The new company will be triple the size of its largest peer
by sales, Noble Corp., with 146 rigs and an order backlog of $33
billion. Transocean and GlobalSantaFe, both based in Houston,
called the transaction a merger in a statement, with
shareholders on neither side getting a premium for their stock.
Read more at Bloomberg Energy News
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