Search results for: Rowan Relentless

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A list of search results

  • 14 February 2019
    Business & Finance, Exploration & Production

    ExxonMobil has exercised the third of four options for the Rowan Companies-owned Rowan Relentless, an R-Class ultra-deepwater drillship.

  • 8 June 2018
    Business & Finance, Exploration & Production

    Rowan Companies has been awarded a contract for one of its drillships by ExxonMobil to drill a prospect in the U.S. Gulf of Mexico.

  • 24 May 2016
    Exploration & Production

    Following an early termination of contracts for two Noble Corporation’s drillship, oil company Freeport-McMoRan Oil & Gas has decided to cancel another drillship deal, this time with the offshore drilling contractor Rowan Companies.  Rowan Companies on Monday announced an agreement with its customer, Freeport-McMoRan Oil & Gas (FMOG), and FMOG’s parent company, Freeport-McMoRan, in connection with […]

  • 2 August 2016
    Business & Finance

    Offshore drilling contractor Rowan Companies saw an increase in its profit and revenues for the second quarter 2016, when compared to the prior-year quarter, due to an early rig contract termination.  For the three months ended June 30, 2016, Rowan reported net income of $216.7 million, compared to $84.7 million in the second quarter of 2015. […]

  • 5 August 2015

    Offshore drilling contractor Rowan reported net income of $84.7 million in the second quarter of 2015 compared to $32.8 million the second quarter of 2014. Rowan’s revenues were $508.7 million in the second quarter of 2015, an increase of 20% over the prior-year quarter due primarily to the contributions from the company’s four newbuild ultra-deepwater drillships. All four […]

  • 3 December 2018
    Business & Finance, Exploration & Production

    ExxonMobil has exercised the first two options for the Rowan Companies-owned drillship Rowan Relentless.

  • 28 January 2016
    Exploration & Production

    Freeport-McMoRan’s oil and gas division, FM O&G, has decided to idle three drillships in the Gulf of Mexico in order to cut costs.  Freeport-McMoRan announced in December it would be reducing its rig utilization from three deepwater Gulf of Mexico drillships to one drillship. As the company continues to manage oil and gas costs and capital […]

  • 9 June 2014
    Business & Finance

    Rowan Companies Plc. through one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico. The contract […]

  • 9 June 2014
    Business & Finance

    Rowan Companies plc announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC (“FM O&G”), a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), for operations in the […]

  • 9 June 2014
    Business & Finance, Project & Tenders

    Rowan Companies plc announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program.  The contract is with Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico. The […]

  • 2 August 2017
    Exploration & Production

    U.S. offshore driller Rowan Companies sank to a loss during this year’s second quarter with its revenues nearly halved during the period.  The driller on Wednesday reported a net loss of $28.7 million for the second quarter of 2017 compared to net income of $216.7 million in the second quarter of 2016. The net loss for the current quarter […]

  • 24 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Rowan Companies sank to a loss during the fourth quarter 2016 as its revenues dipped, driven by a decline in the deepwater and jack-up segment.  For the quarter ended December 31, 2016, Rowan on Friday reported a net loss of $24.4 million, compared to net income of $124.4 million in the fourth quarter […]

  • 6 August 2013

    Rowan Companies plc (Rowan) announced today that one of its subsidiaries has entered into a three-year contract with Cobalt International Energy, L.P. (Cobalt) for the Rowan Reliance, one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea. The Rowan Reliance is expected to […]

  • 6 August 2013
    Business & Finance

    Rowan Companies, a US Based drilling contractor today announced it has secured a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance drillship. The vessel is one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea. The drillship is expected to operate […]

  • 6 August 2013
    Business & Finance, Project & Tenders

    Rowan Companies plc (“Rowan” or the “Company”) announced that one of its subsidiaries has entered into a three-year contract with Cobalt International Energy, L.P. (“Cobalt”) for the Rowan Reliance, one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea. The drillship is expected […]

  • 23 April 2015
    Business & Finance, Exploration & Production

    Rowan Companies, a Houston-based drilling contractor, has seen several revised operating rates for their rigs contracted by Saudi Aramco.  According to its latest fleet status report, five of its jack-up rigs under contract with Saudi Aramco in Saudi Arabia, are under revised operating rates beginning March 1, 2015. Namely, the operating rate for Hank Boswell high […]

  • 21 January 2016
    Business & Finance, Exploration & Production

    Rowan Companies, an offshore drilling contractor, has been awarded a contract for one of its jack-up rigs from BP in Trinidad.  According to Rowan’s latest fleet status report, the company’s high-spec jack-up drilling rig Joe Douglas was awarded a 300-day contract at a dayrate of $157,000. The contract is starting around August 1, following scheduled time in […]

  • 6 August 2013
    Business & Finance

    Rowan Companies plc announced today that one of its subsidiaries has entered into a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance, one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea. The drillship is expected to operate in the […]

  • 1 November 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Rowan Companies returned to profit in the third quarter of 2016 but saw a drop in revenues due to idle and rigs operating with lower dayrates as well as lower utilization.  The driller on Tuesday posted a net income of $5.5 million, compared to a net loss of $239.4 million in the third quarter […]

  • 3 February 2014
    Business & Finance

    Nautronix has delivered the first two NASDrill RS925 and NASeBOP (Emergency BOP Acoustic Control) systems for Rowan’s two new ultra-deepwater drillships, the Rowan Relentless and the Rowan Reliance. The total contract value is worth approximately $10 million.   Nautronix NASDrill RS925 system has been designed specifically to meet the requirements for a reliable, stable DP […]

  • 31 January 2014

    Nautronix has successfully delivered the first two NASDrill RS925 and NASeBOP (Emergency BOP Acoustic Control) systems for Rowan’s two new ultra-deepwater drillships, the Rowan Relentless and the Rowan Reliance. The total contract value is worth approximately $10 million. Nautronix NASDrill RS925 system has been designed specifically to meet the requirements for a reliable, stable DP […]

  • 19 July 2018
    Business & Finance, Exploration & Production

    Rowan Companies is keeping its rigs busy with contracts in the U.S. Gulf of Mexico, off the UK, and in the Middle East region.