The Rowan Viking drilling rig has been selected for a plugging and abandonment programme for Shell’s Goldeneye platform in the Central North Sea.
A takeover of a rival offshore drilling contractor by Rowan Companies would be a vote of confidence for the market, an analyst has said.
Offshore drilling contractor Rowan Companies has picked up more work for its jack-up rigs in Norway, the Gulf of Mexico and Saudi Arabia.
ConocoPhillips will cancel a drilling rig contract with Rowan Companies early, according to a Norwegian media report.
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.