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Rowan Companies

Rowan Companies plc is a major provider of global offshore contract drilling services with a leading position in high-specification jack-up rigs. The Company's fleet of 30 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Southeast Asia and the Gulf of Mexico. The Company will enter the ultra-deepwater market with four high-specification drillships expected to be delivered starting in late 2013. The Company's stock is traded on the NYSE under the symbol “RDC.”
Address: 2800 Post Oak Blvd.
Suite 5450
Houston, TX 77056
Contact: (713) 621-7800

Recent Articles

Driller Rowan Writes Down Assets By $438.4M In 4Q
Friday, February 27, 2015 Rowan writes down the value of 12 of its oldest jackups by $438.4M, joining rival Transocean Ltd in recording big asset impairment charges.
Saudi Aramco Extends Contracts with Rowan for 3 Jackups to Work in ME
Friday, April 25, 2014 Saudi Aramco extends contracts with Rowan for three jackups operating in the Persian Gulf for another year and at a higher day rate.
PSA Cites Rowan, Statoil for Violations
Wednesday, December 18, 2013 Norway's Petroleum Safety Authority issues orders for Rowan and Statoil following audits of their offshore rigs offshore Norway.
Rowan Profit Jumps as Offshore Rig Rates Rise
Tuesday, August 06, 2013 Rowan Companies reports a 63 percent jump in quarterly profit as the rates paid for its rigs improved.
Relief Well Planned to Help Plug Ruptured Gas Well in US Gulf
Tuesday, July 30, 2013 Crews expect to start drilling a relief well to help permanently plug a ruptured shallow-water natural gas well off the coast of Louisiana in the Gulf of Mexico, a US regulator says.
Rowan Inks Contract for Second Newbuild Ultra-Deepwater Rig
Thursday, June 20, 2013 Anadarko Petroleum awards contract for Rowan's ultra-deepwater drillship Rowan Resolute, which is under construction in South Korea.
Xcite Energy Cancels Rowan Rig
Friday, May 31, 2013 Xcite Energy is in discussions with alternative rig suppliers for the Bentley field development program after canceling a rig with Rowan Companies Inc.
Rowan Names New President
Friday, March 08, 2013 Rowan announces that Thomas P. Burke has been promoted to President.
Rowan to Add Fourth Ultra-Deepwater Drillship to Fleet
Monday, September 10, 2012 Rowan Companies plc will add a fourth ultra-deepwater drillship to its fleet to meet growing customer demand for ultra-deepwater rigs.
Rowan Welcomes New Executive VP
Tuesday, July 31, 2012 Rowan announces that J. Kevin Bartol has been appointed to serve as the Company's Executive Vice President, Finance and Corporate Development.
MTNW Completes Winch Retrofit on 2 Rowan Jackups
Tuesday, March 13, 2012 Measurement Technology NW completes installation and commissioning of winch control systems for 2 Rowan jackup rigs.
Rowan Plans to Change Domicile to UK
Tuesday, February 28, 2012 Rowan plans to relocate its domicile to the U.K. from the U.S. and change its name to Rowan Cos. PLC, according to a filing with the Securities and Exchange Commission.
Xcite Energy Negotiates Rig Amendment with Rowan
Friday, February 03, 2012 Xcite has negotiated an amendment to its rig contract with British American Offshore Limited, a subsidiary of Rowan Companies Inc.
Rowan Christens New Jackup Joe Douglas
Tuesday, December 20, 2011 Rowan Companies proudly show off its new jackup rig, the Joe Douglas, during a christening ceremony at its Sabine Pass, Texas, dock.
Rowan Orders 3rd Ultra-Deepwater Drillship with Hyundai Heavy
Tuesday, November 01, 2011 Rowan has exercised its option to build a third GustoMSC P10000 design ultra-deepwater drillship with Hyundai Heavy for approx. $600MM.
Rowan: Rig Moves Negatively Impact 3Q Earnings
Tuesday, November 01, 2011 "Our financial performance during the third quarter was negatively impacted by the effects of rig moves and upgrades as we prepared for several new contracts," said Matt Ralls.
Rowan Gets Go-Ahead for Share Repurchase Program
Monday, August 08, 2011 Rowan's board of directors has authorized the Company to repurchase up to $100 million in shares of its common stock.
Rowan 2Q Earnings Jump on LeTourneau Sale
Tuesday, August 02, 2011 Income from discontinued manufacturing and land drilling operations totaled $421.5MM in the 2Q of 2011 or $3.30 per share, including the after-tax gain on the sale of LeTourneau of $424.5MM.
Rowan Names New COO, Senior VP
Monday, August 01, 2011 Rowan announced that Thomas P. Burke has been appointed to serve as the Company's Chief Operating Officer, and Melanie M. Trent has been appointed to serve as Senior Vice President, Chief Administrative Officer and Corporate Secretary.
Rowan Parts with Land Drilling Division
Wednesday, July 20, 2011 Rowan has entered into a purchase and sale agreement with Ensign to sell Rowan's land drilling division for $510 million in cash.