RDC News and Press, Rowan Companies plc Class A From 12/18/18

It has become something of a tradition for me to publish a monthly update on the dayrate and utilization trends in the offshore drilling industry. The reason for this is because understanding these trends can help investors know what the overall business environment is exerting on the companie...

This article continues the tradition of writing recap and outlook for the next year for the offshore drilling industry (look here for articles on 2017 and 2018 ). Just like the previous time, I'll start with reviewing my expectations for 2018 and how they played out and then proceed to my v...

Pictured: Ralph Coffman Jack-UP Continuous pressure on oil prices is putting enormous pressure on all offshore drilling stocks. Obviously, the market puts drillers' ability to score contracts under question. In this situation, contract announcements become major news for the whole indust...

Rowan Cos. (NYSE: RDC ) gets a one-well contract from CGX Resources in Guyana to provide the Ralph Coffman, a 240-C Class harsh environment jack-up rig, for an estimated duration of 60 days. More news on: Rowan Companies plc, Commodities news, Read more ...

HOUSTON , Dec. 18, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. ...

In previous articles, we have already discussed the fundamentals of the drillship segment and of the semi-sub segment of the offshore drilling market. In this article, we turn to the jack-up segment. The situation in this segment is important for companies with jack-up presence: Ensco ( ES...

The year comes to an end, and it’s high time to evaluate fundamentals of the offshore drilling market. This topic is especially interesting after drillers’ stocks got lambasted following the rapid decline in the price of oil. In this article, we will focus on the drillship market...

NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Sprint Corporation (NYSE:S), Uranium Energy Corp. (NYSE:UEC), Rowan Compa...

Almost three years have passed since I provided my initial take on the offshore drilling industry to Seeking Alpha readers right at the very bottom of the oil price downturn. In light of the renewed collapse in oil prices, I decided to update my views and follow up with a detailed discussi...

Back in November, I wrote that Rowan (RDC) decided to transfer a contract with Fieldwood Energy from Rowan Reliance to Rowan Resolute to save money on reactivation and focus on finding work for just one drillship, Rowan Relentless, which was on contract with Exxon Mobil (XOM) until December ...