Search results for: Ensco

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  • 28 January 2016
    Business & Finance, Equipment, Exploration & Production

    Finland’s Wärtsilä has signed a maintenance agreement with Ensco, an offshore drilling contractor, to create savings by optimising Ensco’s assets and improving predictability through condition monitoring services and parts supply management for Ensco’s four drillships equipped with six Wärtsilä 32 engines. Under the seven-year agreement, Wärtsilä will monitor Ensco’s installations in order extend time between equipment […]

  • 21 August 2017

    Offshore drillers Ensco and Atwood Oceanics, which recently agreed to merge, on Friday filed definitive proxy materials with the U.S. Securities and Exchange Commission regarding the deal. To remind, subject to certain conditions, including approval from both sets of shareholders, Ensco will acquire Atwood in an all-stock transaction. In a statement on Friday, Ensco and […]

  • 29 September 2017
    Business & Finance

    Egan-Jones, an independent proxy advisory firm, has joined Glass Lewis, another advisory firm, in endorsing Ensco’s acquisition of Atwood Oceanics ahead of shareholders meeting in October.  Ensco informed on Friday that Egan-Jones recommended that Ensco shareholders vote “FOR” the pending all-stock acquisition of Atwood Oceanics at the company’s upcoming general meeting of shareholders on October 5. Atwood’s shareholder meeting related to the […]

  • 14 November 2011
    Business & Finance

    Ensco plc announced that it has secured a drilling contract for ENSCO 120, an ultra-premium harsh environment jackup rig. The initial contract is with Nexen Petroleum for their Golden Eagle Development in the Central North Sea for 10 wells with an estimated initial contract value of approximately $120 million. Contract start is scheduled for 4th […]

  • 12 April 2016
    Exploration & Production

    UK-based offshore drilling contractor Ensco has initiated arbitration proceedings against Brazilian oil company Petrobras and South Korean shipbuilder Samsung Heavy Industries in connection with a drilling contract for Ensco’s drillship DS-5.   In January 2016, Petrobras cancelled its contract with Ensco for the drillship DS-5 over corruption charges. Petrobras asserted that the Ensco DS-5 drilling services contract […]

  • 6 May 2016
    Exploration & Production

    UK-based drilling contractor Ensco has received terminations for two rig contracts from Brazil’s oil giant Petrobras and these two semi-sub rigs will now be ‘permanently retired’. In addition, Ensco has been awarded an extension, including dayrate reduction, for one drilling contract with Petrobras. The drilling contractor said in April it was in discussions with Petrobras regarding […]

  • 16 August 2018
    Exploration & Production

    Offshore driller Ensco has said it has resolved its issues with Petrobras and is now back on track to potentially secure more work with the Brazilian oil giant.

  • 8 December 2015
    Business & Finance

    Ensco plc, an oil and gas services company headquartered in London, has named Carey Lowe as its chief operating officer (COO). Ensco has informed that Lowe is based in London and succeeds Mark Burns, who is retiring from the company. Lowe has held various executive management positions at Ensco since joining the company in 2008, […]

  • 19 July 2016
    Exploration & Production

    UK-based offshore drilling contractor Ensco has sold a number of its drilling rigs for scrap value including semi-subs, drillships, and jack-ups.  According to Ensco’s latest fleet status report, two 2004-built semi-submersible drilling rigs, Ensco 6003 and Ensco 6004, have been sold for scrap value with the sale price in line with net book value of the rig. Further, […]

  • 26 June 2012

    Given rising customer demand, Ensco plc has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy. It will be built at the […]

  • 9 August 2011
    Business & Finance

    Ensco plc reported diluted earnings per share from continuing operations of $0.59 for second quarter 2011, compared to $0.85 per share in second quarter 2010. There were no discontinued operations in second quarter 2011. Earnings from discontinued operations in second quarter 2010 were $0.04 per share that included an $18 million pre-tax gain from the […]

  • 29 September 2017
    Business & Finance

    UK-based offshore driller Ensco has received commitments from lenders to extend the maturity date of its revolving credit facility by two years in connection with its pending acquisition of rival driller Atwood Oceanics.  In a statement on Thursday, Ensco said that the maturity date of its revolving credit facility would be extended from September 30, […]

  • 17 May 2016
    Exploration & Production

    UK-based offshore driller Ensco has reportedly decided to stack three drillships and one semi-submersible rig thus affecting 350 jobs in Houston.  According to a WARN Notice sent to the Texas Workforce Commission, Ensco started the workforce reduction process, that will last for 60 days, on May 11, 2016. Houston Business Journal reported that the company […]

  • 31 August 2012
    Business & Finance

    Ensco plc announced today that based on preliminary inspections its U.S. Gulf of Mexico operations have not been damaged by Hurricane Isaac. Ensco’s drillship and semisubmersible rigs successfully mobilized away from the storm and a flyover inspection indicates no damage to the Company’s jackup rigs that were secured and evacuated ahead of the hurricane. Ensco’s […]

  • 7 August 2017
    Exploration & Production

    Offshore driller Ensco in May announced a proposed acquisition of its rival Atwood Oceanics, which will, once and if completed, make Ensco one of the world’s largest jack-up owners, but will also add several hi-spec floaters to its fleet. To remind, it was agreed that under the proposed merger, Atwood shareholders would receive 1.60 shares […]

  • 17 May 2019
    Exploration & Production

    Offshore driller EnscoRowan has won $180 million in damages in arbitration proceedings against Samsung Heavy Industry stemming from a 2016 drillship case.

  • 6 October 2017

    UK offshore driller Ensco on Friday completed its acquisition of the U.S.-based rival Atwood Oceanics.  Ahead of the completion, shareholders of both companies on Thursday approved the proposed merger. Ensco said that 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood […]

  • 3 July 2014
    Exploration & Production, Project & Tenders

    Keppel FELS Ltd (Keppel FELS) has delivered ENSCO 122, the third ultra-premium harsh environment ENSCO 120 Series jack-up rig, to Ensco plc

  • 15 April 2014
    Business & Finance, Equipment, Exploration & Production

    Ensco plc has ordered two high-specification jack-ups, ENSCO 140 and ENSCO 141 in order to fulfill customer demand for the Company’s differentiated rig technology and contract drilling services in the Middle East. Both rigs, which will incorporate Ensco’s patented Canti-Leverage AdvantageSM technology, are significantly enhanced versions of the LeTourneau Super 116E jack-up design. The new […]

  • 12 December 2011
    Business & Finance

    Keppel FELS Limited is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible (semi) drilling rigs to Ensco safely, on time and within budget. The rig is expected to be completed in the first quarter of 2012 with zero lost-time incidents in over five million man-hours worked. Upon completion, […]

  • 31 May 2011
    Business & Finance

      Ensco plc  announced the completion of its acquisition of Pride International, Inc. after both companies received overwhelming shareholder approvals at special meetings held earlier today. The combination establishes Ensco as the world’s second largest offshore drilling company and the clear leader in customer satisfaction. Under the terms of the agreement, with exceptions for certain […]

  • 30 June 2017
    Business & Finance

    UK driller Ensco and its U.S. rival Atwood Oceanics have announced early termination of HSR waiting period related to a merger that will make Ensco the world’s largest jack-up operator.  According to a joint press release by the two companies on Thursday, they have have received notice from the Department of Justice and the Federal Trade Commission […]