Oilfield Service Firms Latest to Jump on the M&A Bandwagon

Noble's Strengthening Market Position & Offshore Drilling Market Dynamics The acquisition significantly broadens Noble's client base and market reach. The enhanced access to the UK and Australian markets, coupled with a stronger presence in the lucrative U.S. Gulf of Mexico, positions the Zacks Rank #3 (Hold) company advantageously. The Noble-Diamond Offshore transaction comes at a time when the offshore drilling market is benefiting from increased exploration and production (E&P) spending, leading to highe ...