International Business News - RDC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Rowan Cos. Inc., which offers contract drilling services, said its board of directors appointed W. Matt Ralls as its new president and chief executive. http://www.ibtimes.com/articles/20081203/rowan-appoints-new-ceo-chairman.htm Wed, 03 Dec 2008 07:34:01 EST Among the earnings stories for Tuesday, Nov. 4, from AP Financial News: SANTA MONICA, Calif. (AP)--Shares of shopping mall owner Macerich Co. surged Tuesday as the company boosted its outlook for the rest of the year, despite lower-than-expected third-quarter results. http://www.ibtimes.com/articles/20081104/earnings-roundup-macerich-rowan.htm Tue, 04 Nov 2008 14:38:51 EST Rowan Cos. said Tuesday its third-quarter net income fell 13 percent as Hurricane Ike battered the offshore contract drilling services company's Gulf Coast facilities. http://www.ibtimes.com/articles/20081104/rowan-3q-profit-dips-13-percent-due-to-ike.htm Tue, 04 Nov 2008 12:20:14 EST Rowan Cos. said Friday that its chief executive, Daniel F. McNease, will retire at the end of the year. McNease, 57, spent 34 years with the contract drilling company. He was appointed CEO in 2003. http://www.ibtimes.com/articles/20081031/rowan-cos-chief-executive-will-step-down.htm Fri, 31 Oct 2008 18:02:59 EDT Shares of oil drilling and exploration companies plunged Friday as the price of crude tumbled and the broader markets slid on concern about the global economy. http://www.ibtimes.com/articles/20081024/sector-snap-shares-of-drillers-slide-with-crude.htm Fri, 24 Oct 2008 16:39:54 EDT Shares of oil drilling and exploration companies plunged Friday as the price of crude tumbled and the broader markets slid on concern about the global economy. http://www.ibtimes.com/articles/20081024/sector-wrap-shares-of-drillers-slide-with-crude.htm Fri, 24 Oct 2008 16:34:47 EDT Shares of oil and natural gas services companies mostly climbed Friday after oil prices topped $71 a barrel in wake of OPEC's planned emergency meeting next week. http://www.ibtimes.com/articles/20081017/sector-snap-oil-services-companies-rebound.htm Fri, 17 Oct 2008 15:11:55 EDT Shares of many oil and gas services providers fell along with crude oil prices Thursday, and a Morgan Keegan & Co. analyst downgraded a dozen companies on concerns about capital spending cuts. http://www.ibtimes.com/articles/20081016/sector-snap-oil-gas-services-stocks-downgraded.htm Thu, 16 Oct 2008 12:43:49 EDT A JPMorgan analyst said Wednesday that record cash backlogs should keep offshore drillers well funded against capital commitments. Analyst David Smith said all drilling companies, with the possible exception of Pride International Inc., should be cash flow positive in 2009. http://www.ibtimes.com/articles/20081015/ahead-of-the-bell-offshore-driller-backlogs.htm Wed, 15 Oct 2008 09:09:40 EDT Offshore contract drilling services company Rowan Co. said Tuesday it has signed a contract with Devon Energy Corp. for the Gorilla class jack-up rig, Gorilla II, in the Gulf of Mexico. http://www.ibtimes.com/articles/20081014/rowan-wins-contract-with-devon-energy.htm Tue, 14 Oct 2008 11:23:05 EDT Among the premarket stories for Friday, Oct. 3, from AP Financial News: NEW YORK (AP)--Analysts offered mixed opinions on the largest U.S. railroads Friday, as one suggested some rails will push through a tough economy with strong pricing while another predicted that the group's volumes will hurt overall performance. http://www.ibtimes.com/articles/20081003/premarket-roundup-railroads-dice-holdings.htm Fri, 03 Oct 2008 10:15:46 EDT A Morgan Keegan analyst said Friday that offshore contract drilling services company Rowan Cos. appears to be a good long-term investment based on Thursday's news that it received a letter of intent from Shell Egypt to contract for its new Tarzan Class oil rig, the J.P. Bussell. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-rowan-cos-contract.htm Fri, 03 Oct 2008 09:16:33 EDT Rowan Cos. said Thursday it received a letter of intent from Shell Egypt to contract for its new Tarzan Class oil rig, the J.P. Bussell. The deal is for two wells that are expected to take 20 months to drill, with options for three extra wells, Rowan said. http://www.ibtimes.com/articles/20081002/rowan-in-rig-supply-deal-for-shell-egypt-project.htm Thu, 02 Oct 2008 10:11:23 EDT Word that congressional Democrats appear to be conceding in the standoff with Republicans over more offshore oil drilling could provide some good news Wednesday for investors in oil-drilling companies. http://www.ibtimes.com/articles/20080924/ahead-of-the-bell-oil-drillers-rise-on-premarket.htm Wed, 24 Sep 2008 09:11:50 EDT Oil driller Rowan Cos. said Tuesday one of the company's nine Gulf of Mexico rigs is missing following Hurricane Ike. Rowan said it is searching for its "Rowan-Anchorage" rig, which may have capsized and sunk. The company said it has notified the appropriate regulatory agencies. http://www.ibtimes.com/articles/20080916/rowan-says-gulf-of-mexico-rig-missing-after-ike.htm Tue, 16 Sep 2008 13:51:54 EDT Among the stock activity stories for Friday, Sept. 12, from AP Financial News: NEW YORK (AP)--A Credit Suisse analyst upgraded shares of U.S. Airways Group Inc. to "Outperform" from "Neutral" on Friday, suggesting a rival's flight cutbacks on competitive routes should help the carrier. http://www.ibtimes.com/articles/20080912/movers-roundup-us-airways-ameristar-casinos.htm Fri, 12 Sep 2008 18:59:53 EDT Shares of Rowan Cos. rose Friday afternoon after an analyst initiated coverage of the contract drilling service sector because of strong global demand for those services. http://www.ibtimes.com/articles/20080912/rowans-shares-rise-with-oil-services-sector.htm Fri, 12 Sep 2008 18:42:19 EDT Shares of offshore drilling services providers rose Friday as a Citi analyst said the sharp sell-off in the sector in the last two months could open up a buying opportunity for investors--especially in deepwater players like Diamond Offshore, Noble Corp. and Transocean Inc. http://www.ibtimes.com/articles/20080912/sector-snap-oil-services-sector-stocks-rise.htm Fri, 12 Sep 2008 13:32:45 EDT Rowan Cos. said Thursday it received contracts to provide EnCana Corp. with four land rigs used in drilling for natural gas. The Houston-based company also said it is building two other land rigs that received three-year contracts. http://www.ibtimes.com/articles/20080911/rowan-lands-contracts-for-6-land-rigs.htm Thu, 11 Sep 2008 09:55:04 EDT Offshore contract drilling services company Rowan Cos. will likely benefit from strong international demand for its rig platforms, an analyst said Wednesday. http://www.ibtimes.com/articles/20080910/analyst-sees-strong-international-demand-for-rowan.htm Wed, 10 Sep 2008 13:09:23 EDT