- Rowan (NYSE:RDC +0.9%) released its latest fleet status report late yesterday, which did not include any new jackup contracts and saw one rig's contract shortened to finish this August instead of October.
- With 14 jackups rolling off contract in 2015 plus two already idle, RDC essentially needs to find work for half of its active fleet before year-end (Briefing.com).
- For Q4 and FY 2014, RDC continues to expect to report respective jack-up out-of-service time of 7% and 10%; for FY 2015, RDC expects out-of-service time of 3% and 6% for itsjack-ups and drillships.