Noble Corp, Transocean Group Vying for Seadrill Assets: Rtrs

Noble Corp. and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to buy the assets of Seadrill Ltd, Reuters reports. citing people familiar with the matter.

• Consortium comprising Transocean, Dolphin Drilling and a third partner put in an offer in early July that consists of cash, Transocean shares and an agreement to take on some of Seadrill’s existing debt
• Bid said to be is still under consideration by Seadrill
• Seadrill tells Reuters it remains focused on the restructuring of its balance sheet
• Transocean declined comment while Dolphin Drilling and Noble did not respond to Reuters’ request for ...