Ensco Rowan changes its name to Valaris

Ensco Rowan changes its name to Valaris

Esco Rowan, the offshore drilling giant formed from a $12bn combination of Ensue and Rowan Companies completed earlier this year, has changed its name to Valaris, effective from July 31.

The company said that the name Valaris was chosen with the help of employees and customers, and inspired by the Latin root meaning strength, courage and signifying something of value.

Tom Burke, president and CEO of Ensue Rowan, said, “We are excited to create a new identity as Valaris that will help us usher in a new era for our company and the industry. This new identity will help to accelerate cultural alignment as we move forward as a larger, more diverse organization and act as a catalyst to achieve our ambition to be ‘Boldly First’ as the leader in the offshore services industry.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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1 Comment

  1. Avatar
    Drunk Blind Deaf Mute
    July 4, 2019 at 7:43 am

    Incidentally, Valaris is also the name of a boastful Gothic soldier who challenged the Roman army to fight him on horseback. One Roman soldier took the challenge and killed Valaris, who bled to death from his wounds.

    So this name change is quite ironic, as EnscoRowan is bleeding tons of cash and doesn’t seem able to staunch the flow.

    It’s a shame Rowan agreed to the merger, which was only conducted so Ensco could access Rowan’s cash. It had nothing to do with creating a world-class driller. This is clearly evident from the company’s post-merger performance and this ill-fated name change.