Transocean to acquire rival oil firm, solidifing lead in offshore drilling

Article Abstract:

The article discusses Transocean Sedco Forex Inc.'s intention to acquire U.S. competitor R and B Falcon Corp. for $5.3 billion (Euro5.85 billion) in stock, boosting its leading position in deep-water-oil and natural-gas drilling.

R&B Falcon Corp., Transocean Inc., FLC

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Patterson agrees to buy UTI for $1.3 billion

Article Abstract:

Patterson Energy Inc. has reached an agreement to acquire UTI Energy Corp. Patterson will acquire UTI for approximately $1.3 billion (1.4 billion euros) in shares.

Patterson Energy Inc., UTI Energy Corp., PTEN, UTI

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Santa Fe to acquire Global Marine in $3 billion deal

Article Abstract:

Santa Fe International Corp. has reached a deal to acquire Global Marine Inc. for about $3 billion (3.305 billion euros). The deal, which will create one of the leading drilling firms in the world, will be a stock transaction.

Oil and gas exploration services, Oil & Gas Field Exploration Svcs, Support Activities for Oil and Gas Operations, Natural gas field exploration services, Oil field exploration services, Global Marine Inc., GLM, Santa Fe International Corp., SDC

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