Offshore Drilling Contractors Settle Patent Dispute

Law360, New York (July 30, 2007, 12:00 AM EDT) -- A subsidiary of offshore drilling giant Transocean Inc. has entered into a licensing agreement with rival drilling company Noble Corp., putting to rest a dispute over dual activity drilling patents, Transocean said Monday.

Transocean filed suit against Noble in the U.S. District Court for the Southern District of Texas in February, claiming that a recent upgrade to a one of Noble’s semisubmersible rigs infringed four Transocean patents. On Thursday, the two companies filed a joint motion for consent judgment in the case.

Under the settlement agreement,...
To view the full article, register now.