Uncategorized

Rowan, Ensco see improvement in offshore drilling space

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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