U.S. offshore drilling company Rowan, expected to be acquired by it UK rival Ensco, sees improvement in the offshore drilling space.
Rowan, which owns a fleet of 25 offshore rigs, on Wednesday, posted a net loss of $144 million for the third quarter, compared to a loss of $20.9 million in the corresponding quarter of 2017.
Revenue for the quarter was $192.9 million, down from $291.6 million a year ago.
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