Transocean and Dolphin Drilling to acquire Seadrill for $1.7bn.

Transocean, a form that commands deep-water and ultra-deep-water fleets, and Dolphin Drilling, a provider of exploration and development services, offered to acquire Seadrill, a provider of drilling and well services to the offshore industry, for $1.7bn. "This has the support of almost two-thirds of our creditors, who not only support our plan but our long-term business strategy and plans to emerge, with expediency, from Chapter 11," Iain Cracknell, Seadrill Spokesperson.