Search results for: Rowan Resolute

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  • 21 November 2018
    Business & Finance, Exploration & Production

    Rowan has transferred a contract from the Rowan Reliance to Rowan Resolute drillship, which means the former will not be returning from the warm-stack mode. 

  • 28 August 2014

    South Korea’s Hyundai Heavy Industries has completed construction of yet another drillship. The Ulsan-based shipyard has delivered the Rowan Resolute drillship, which in late July left South Korea.  The drillship is owned by the Houston-based drilling contractor Rowan Companies. According to the Marine Traffic website, the Rowan Resolute is currently passing by Cape Town in South Africa […]

  • 20 June 2013

    Rowan Companies plc (Rowan) has entered into a three-year contract with Anadarko Petroleum Corporation for its new drillship Rowan Resolute at an effective day rate in the high $600s. The vessel is one of four ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea. The drillship is […]

  • 3 December 2018
    Business & Finance, Exploration & Production

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

  • 20 June 2013
    Business & Finance

    The U.S. based drilling contractor Rowan Companies has entered into a three-year contract with Anadarko Petroleum Corporation. The drillship is expected to be delivered at the end of the second quarter 2014 and operate in the U.S. Gulf of Mexico starting in the late third quarter 2014.  The Rowan Resolute is one of four ultra-deepwater drillships being constructed for Rowan […]

  • 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 […]

  • 1 July 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Rowan Companies has been awarded several contracts extensions for its drilling rigs with a reduced dayrate.  The drilling contractor’s drillship Rowan Resolute has been awarded blend and extend amendment with Anadarko in the U.S. Gulf of Mexico. Extension is at a dayrate of $580,000 for an estimated 273 days, calculated by 1.3 times the […]

  • 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. […]

  • 14 January 2019

    U.S. Gulf of Mexico operator LLOG has confirmed making the Nearly Headless Nick discovery on Mississippi Canyon block 38. The discovery, first announced last week LLOG’s partner BP, is set to be brought on stream this year, LLOG, the operator, said.

  • 27 February 2015
    Exploration & Production

    Rowan Companies, a U.S. based offshore driller has, for the 4th quarter of 2014 reported a net loss of $326.9 million, due to a non cash asset impairment charge of $438.4 million, relating to twelve of the company’s oldest jack-up rigs. Excluding the impact of this noncash asset impairment charge, net income was $111.5 million or $0.89 […]

  • 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 […]

  • 19 April 2018
    Business & Finance, Exploration & Production

    Offshore driller Rowan Companies has secured work for its drilling rigs in the Gulf of Mexico, UK, Norway, and Saudi Arabia. 

  • 6 November 2014
    Exploration & Production

    Rowan Companies plc, a U.S.-based offshore drilling company, generated net income of $119.6 million in the third quarter 2014, compared to $51.9 million, in the third quarter of 2013.   The current quarter includes an income tax benefit which reflects the favorable impact of a US tax settlement, net of an unfavorable retroactive impact of a recently finalized […]

  • 19 October 2018
    Business & Finance, Exploration & Production

    Rowan Companies has received a contract extension for one of its drillships and a one-well contract for an idle jack-up drilling rig. 

  • 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. 

  • 14 February 2018
    Business & Finance, Exploration & Production

    Rowan Companies has received early termination for one of its drillships. The driller has also seen several of its rigs come off contract and several others have won more work. 

  • 18 January 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Ensco has decided to postpone its general meeting originally scheduled for January 23, 2019.

  • 23 June 2013

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  • 18 February 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Ensco and its rival Rowan Companies have received approval from the UK competition authorities for their imminent merger.

  • 29 January 2019
    Business & Finance

    Ensco has entered into an amendment to the transaction agreement with rival Rowan under which the companies would combine in an all-stock transaction.

  • 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 […]

  • 20 July 2015
    Business & Finance, Exploration & Production

    Rowan Companies, a Houston-based drilling contractor, has sold two jack-up drilling rigs effective July 1, 2015. In addition, Rowan has signed several new contracts and contract extensions.  Namely, the Rowan Alaska and the Rowan Juneau have been retired from service as drilling units as the company has entered into contracts for sale of the rigs with an expected closing […]