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Sugar Land, Texas-based Noble Corp. paid $686 million for the Stavanger, Norway-based driller last month and over the last few weeks, SeaDrill has led an up-and-down course to wrestle control of its smaller domestic rival. SeaDrill first said it would put forth a bid, later retracted it, and still later came forward with a $2.25 billion offer, which it extended three times to 10:00 a.m. today, then by another half hour, until it finally gained more than 50% approval – all to no public reaction from Noble Corp. and no evident attempts by the Texas driller to take a greater stake in Smedvig. — Carolyn Murphy Noble act: Rigger buys into Smedvig
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Another development in the saga of Norwegian oil drillers surfaced today – SeaDrill Ltd. said it had gained approval from shareholders controlling more than 50% of rival Smedvig ASA to acquire the company, while the Texas oil group that took 29% of Smedvig in December still remained quiet. 
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