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Rowan Companies

Oil & Gas

Rowan bags work for jack-up rigs

Offshore drilling contractor Rowan Companies has picked up more work for its jack-up rigs in Norway, the Gulf of Mexico and Saudi Arabia.

Oil & Gas

Drilling contractor Rowan puts rivals in the shade with revenue boost

Contract terminations helped US drilling contract Rowan Companies (NYSE: RDC) increase its revenues by a fifth in the second quarter of 2016. The Houston-headquartered firm banked $120million (£90million) during the three months as part of an agreement allowing one of its customers, Freeport, to cancel the contract for the Rowan Relentless drillship early. The company also said its Rowan Reliance drillship experienced lower levels of downtime over the three months.