Rowan Companies Company News

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Rowan Jack-up Heading to Guyana
Repsol plans to spud its first exploration well in the offshore Kanuku block this year.
8:00 PM EST | March 13, 2019
Ensco and Rowan Merger Given Final Approval
More than four months after originally announcing their plans to merge, offshore drilling contractors Ensco plc and Rowan Companies plc Rowan Companies plc have been given the final green light.
7:00 PM EST | February 20, 2019
ExxonMobil Extends Rowan Drillship Contract
The supermajor has contracted the ultra-deepwater drillship since September 2018.
7:00 PM EST | February 13, 2019
Ensco and Rowan Amend Merger Agreement
The two offshore drillers have amended their agreement to include increased acquisitions.
7:00 PM EST | January 28, 2019
Ensco and Rowan Extend Time to Decide on Merger
The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.
7:00 PM EST | January 17, 2019
ConocoPhillips Contracts Rowan Jackup
The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.
7:00 PM EST | January 09, 2019
Shell Extends Jackup Contract in Trinidad
Shell has extended its contract for the Rowan Gorilla VI jackup in Trinidad.
7:00 PM EST | January 01, 2019
GOM Drillship Contract Goes to Rowan
Fieldwood Energy LLC has awarded a GOM contract to Rowan for the R-Class ultra-deepwater drillship Rowan Reliance.
8:00 PM EST | October 29, 2018
Ensco and Rowan to Merge in $12B Deal
The companies have entered into a definitive transaction agreement to create an offshore drilling powerhouse.
8:00 PM EST | October 07, 2018
Rowan Lays Off Another 50 Offshore Workers
Just weeks after announcing it was laying off 150 offshore workers, Rowan Cos. has said it will let another 50 workers go in August.
8:00 PM EST | June 25, 2017
Rowan to Lay Off 150 Offshore Workers
Rowan Companies will reduce its workforce after a contract on one of its drilling rigs is terminated.
8:00 PM EST | May 30, 2017
Rowan Idles Rig, Will Lay Off Up To 110 Workers
Rowan will lay off up to 110 workers after it loses a contract on one of its rigs offshore the Gulf of Mexico.
7:00 PM EST | November 27, 2016
Rowan, Saudi Aramco Tie Up For Offshore Drilling In Saudi Arabia
Rowan Companies Plc says it and Saudi Aramco, Saudi Arabia's state oil company, have agreed to form an equally owned joint venture to operate offshore drilling rigs in the country.
7:00 PM EST | November 20, 2016
Trade Group Oil & Gas UK Makes 4 Board Appointments
Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.
8:00 PM EST | October 03, 2016
Moody's Downgrades Offshore Drillers, Including Ensco, Transocean
Offshore drilling contractors likely to struggle through at least 2018, Moody's Investors Service says in a new report.
7:00 PM EST | February 29, 2016
New Rigs Help Rowan Beat Profit Estimates
Rig operator Rowan reports a higher-than-expected quarterly profit thanks to new ultra-deepwater rigs and lower prices.
8:00 PM EST | August 04, 2015
Driller Rowan's Profit Beats On Deployment Of 3 New Rigs
Driller Rowan reports higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs.
8:00 PM EST | May 05, 2015
Driller Rowan Writes Down Assets By $438.4M In 4Q
Rowan writes down the value of 12 of its oldest jackups by $438.4M, joining rival Transocean Ltd in recording big asset impairment charges.
7:00 PM EST | February 26, 2015
Saudi Aramco Extends Contracts with Rowan for 3 Jackups to Work in ME
Saudi Aramco extends contracts with Rowan for three jackups operating in the Persian Gulf for another year and at a higher day rate.
8:00 PM EST | April 24, 2014
PSA Cites Rowan, Statoil for Violations
Norway's Petroleum Safety Authority issues orders for Rowan and Statoil following audits of their offshore rigs offshore Norway.
7:00 PM EST | December 17, 2013
Rowan Profit Jumps as Offshore Rig Rates Rise
Rowan Companies reports a 63 percent jump in quarterly profit as the rates paid for its rigs improved.
8:00 PM EST | August 05, 2013
Relief Well Planned to Help Plug Ruptured Gas Well in US Gulf
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.
8:00 PM EST | July 29, 2013
Rowan Inks Contract for Second Newbuild Ultra-Deepwater Rig
Anadarko Petroleum awards contract for Rowan's ultra-deepwater drillship Rowan Resolute, which is under construction in South Korea.
8:00 PM EST | June 19, 2013
Xcite Energy Cancels Rowan Rig
Xcite Energy is in discussions with alternative rig suppliers for the Bentley field development program after canceling a rig with Rowan Companies Inc.
8:00 PM EST | May 30, 2013
Rowan Names New President
Rowan announces that Thomas P. Burke has been promoted to President.
7:00 PM EST | March 07, 2013
Rowan to Add Fourth Ultra-Deepwater Drillship to Fleet
Rowan Companies plc will add a fourth ultra-deepwater drillship to its fleet to meet growing customer demand for ultra-deepwater rigs.
8:00 PM EST | September 09, 2012
Rowan Welcomes New Executive VP
Rowan announces that J. Kevin Bartol has been appointed to serve as the Company's Executive Vice President, Finance and Corporate Development.
8:00 PM EST | July 30, 2012
MTNW Completes Winch Retrofit on 2 Rowan Jackups
Measurement Technology NW completes installation and commissioning of winch control systems for 2 Rowan jackup rigs.
8:00 PM EST | March 12, 2012
Rowan Plans to Change Domicile to UK
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.
7:00 PM EST | February 27, 2012
Xcite Energy Negotiates Rig Amendment with Rowan
Xcite has negotiated an amendment to its rig contract with British American Offshore Limited, a subsidiary of Rowan Companies Inc.
7:00 PM EST | February 02, 2012
Rowan Christens New Jackup Joe Douglas
Rowan Companies proudly show off its new jackup rig, the Joe Douglas, during a christening ceremony at its Sabine Pass, Texas, dock.
7:00 PM EST | December 19, 2011
Rowan Orders 3rd Ultra-Deepwater Drillship with Hyundai Heavy
Rowan has exercised its option to build a third GustoMSC P10000 design ultra-deepwater drillship with Hyundai Heavy for approx. $600MM.
8:00 PM EST | October 31, 2011
Rowan: Rig Moves Negatively Impact 3Q Earnings
"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.
8:00 PM EST | October 31, 2011
Rowan Gets Go-Ahead for Share Repurchase Program
Rowan's board of directors has authorized the Company to repurchase up to $100 million in shares of its common stock.
8:00 PM EST | August 07, 2011
Rowan 2Q Earnings Jump on LeTourneau Sale
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.
8:00 PM EST | August 01, 2011
Rowan Names New COO, Senior VP
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.
8:00 PM EST | July 31, 2011
Rowan Parts with Land Drilling Division
Rowan has entered into a purchase and sale agreement with Ensign to sell Rowan's land drilling division for $510 million in cash.
8:00 PM EST | July 19, 2011
Xcite: Keppel Delivers Jackup to Rowan
Xcite announced that the Rowan Norway rig, scheduled for use on the Bentley field, has now been delivered by the Keppel FELS shipyard in Singapore to Rowan Companies.
8:00 PM EST | July 12, 2011
Hyundai Heavy Secures $1.12B Drillship Order for Rowan
Hyundai Heavy has clinched a $1.12B order to build two drillships for drilling contractor Rowan Companies.
8:00 PM EST | May 31, 2011
Rowan Redirects Focus on Offshore Drilling with $1.1B Sale of LeTourneau
Rowan has entered into a share purchase agreement with Joy Global to sell all shares of common stock in LeTourneau Technologies for $1.1B in cash.
8:00 PM EST | May 15, 2011
Rowan Reports 'Solid' 4Q Results
"Our contract drilling operations provided solid results in the fourth quarter, exceeding consensus expectations primarily due to continued success in managing our costs," Matt Ralls commented.
7:00 PM EST | February 24, 2011
Xcite Enters LOI Extension for Rowan Jackup
Xcite has entered into an extension to the binding letter of intent for the N-Class Rowan Norway jackup rig.
7:00 PM EST | January 31, 2011
Xcite Extends LOI for Rowan Norway
Xcite has entered into an extension to the binding LOI with BAOL for the N-Class Rowan Norway jack-up rig.
7:00 PM EST | January 13, 2011
Rowan Posts Lower 3Q Profit
Rowan generated a net income of $67.2 million, gaining from drilling operations and offset by a decrease in offshore average day rates.
8:00 PM EST | November 01, 2010
Rowan Prices Public Offering
Rowan has priced a public offering of $400 million of its 5.000% senior notes due 2017, in a registered public offering.
8:00 PM EST | August 18, 2010
Rowan Finalizes Skeie Drilling Transaction
Rowan to purchase all of the ordinary shares in Skeie. Rowan has approved the transaction, all other conditions precedent have been met and the transaction will proceed.
8:00 PM EST | July 18, 2010
Rowan to Buy Three KFELS N-Class Jackups for $1.2B
Rowan Companies and Skeie Drilling have entered a deal whereby Rowan will purchase three jackups being built by Skeie for US $1.2 billion.
8:00 PM EST | June 30, 2010
Apache Declares Force Majeure on Rowan Rig
Rowan Cos. received notice that Apache had declared force majeure on Rowan jackup due to delays in obtaining new drilling permits.
8:00 PM EST | June 24, 2010
Rowan Reports Strong 1Q
"Rowan's drilling operations experienced a strong first quarter, with good cost control and excellent uptime for our jack-up rigs under contract," said Matt Ralls.
8:00 PM EST | May 03, 2010
Rowan Sees Strong Recovery in U.S. Land Rig Market
For the three months ended December 31, 2009, Rowan generated net income of $60.8 million or $0.53 per share, compared to $94.3 million or $0.83 per share in the fourth quarter of 2008.
7:00 PM EST | February 28, 2010