UK Considers Rig Sale Remedy In Maersk, Noble Merger

By Najiyya Budaly (July 22, 2022, 4:17 PM BST) -- Britain's antitrust authority said Friday that it is weighing plans by Noble Corp. to sell several of its rigs to Shelf Drilling Ltd. in order to clear competition concerns about its £2.6 billion ($3.1 billion) merger with Maersk Drilling.

The Competition and Markets Authority said it is looking into remedies proposed by the companies that will mean divesting Noble's fleet of jack-up rigs located in northwestern Europe.

The CMA in April expressed concern that the merger would reduce competition over the supply of jack-up rigs for offshore drilling in northwestern Europe, including in the U.K., Denmark and the Netherlands. The services...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!