Deals
Size Matters for World’s Oil Drillers in a Post-Macondo World
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Two years ago, Seahawk Drilling Inc. was plotting to expand its fleet of rigs worldwide. Now the Houston-based company may sell itself after BP Plc’s well explosion in the Gulf of Mexico thrust the industry into regulatory limbo.
"If we can’t be more diversified, I would rather sell the company to somebody else and let them try to do it," Seahawk Chief Executive Officer Randall Stilley said in an interview, Bloomberg Businesweek reports in its Jan. 24 issue.