RDC News and Press, Rowan Companies plc Class A From 09/25/18

Well, if we needed any more evidence that the offshore drilling industry has finally begun to recover, we got it on Monday when shallow-water specialist Rowan Companies (RDC) announced that the Rowan Norway was awarded a two-well contract by Turkish Petroleum in the Mediterranean Sea. This...

My previous articles on supply fundamentals of the offshore drilling market, “ Will Drillship Rates Rise Rapidly? ” and “ Will Semi-Subs Rates Rise Rapidly? ” sparked lively discussion, so I decided to make the series complete and discuss the latest data on jack-up ...

This article is a continuation of the discussion started in my recent work " Will Drillship Rates Rise Rapidly? ", which was inspired by comments provided by Transocean ( RIG ) in relation to its purchase of Ocean Rig ( ORIG ). While the Transocean and Ocean Rig deal is the topic of the day,...

The recent decision of Transocean ( RIG ) to purchase Ocean Rig ( ORIG ) ignited a debate on whether floater rates (and, specifically, drillship rates since Ocean Rig has 9 drillships) will indeed rise rapidly and if we will see scarcity of rigs soon. This question is important not only for ...

On Tuesday, September 4, 2018, offshore drilling giant Rowan Companies ( RDC ) gave a presentation at the Barclays CEO Energy-Power Conference. As is typical for this type of presentation, the company discussed the current challenging conditions in the industry as well as how they have sho...

The following slide deck was published by Rowan Companies plc in conjunction with this Read more ...