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Rowan linked with $4bn takeover of Maersk Drilling

Rowan linked with $4bn takeover of Maersk Drilling

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Houston-headquartered offshore drilling contractor Rowan Companies is being linked to buying out Maersk Drilling, with Bloomberg suggesting a $4bn figure is being discussed. Maersk has 24 drilling rigs, including drillships, deepwater semi-submersibles and high-end jackup rigs. Neither party has commented on the report.

Last year A.P. Moller-Maersk announced plans to hive off all its energy-related divisions in a bid to focus on its container shipping, ports and logistics businesses. Thus far, France’s Total has come in for Maersk Oil and the Moller family has taken the group’s product tankers. If Rowan were to buy Maersk Drilling then the Danish conglomerate would be left with just its OSV division to sell.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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