Search results for: Pride International

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  • 6 February 2011
    Project & Tenders

      Ensco plc and Pride International, Inc. jointly announced today that they have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share based on Ensco’s closing share price on 4 February 2011. The implied offer price represents a premium of […]

  • 1 July 2008

    HOUSTON, June 30, 2008 (PRIME NEWSWIRE) — Pride International, Inc. (NYSE:PDE – News) today announced it will host an Analyst Meeting on Tuesday, November 18, 2008 from 8:30 a.m. to 12:00 p.m. CT. The meeting will be held at the Omni Hotel in Houston, Texas. Additional details on the meeting, including presenters, topics to be […]

  • 6 September 2010
    Business & Finance

    Pride International, a offshore drilling company, has reached an agreement with BP exploration & production to amend the contract for the… [mappress] Source: quote, September 6, 2010;

  • 31 May 2011
    Business & Finance

      Ensco 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, Ensco said. Under the terms of the agreement, with exceptions for certain UK residents and dissenting stockholders, Pride […]

  • 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 […]

  • 14 December 2010
    Business & Finance

    Pride International, Inc.  today announced that the company has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the construction of a fifth ultra-deepwater drillship, further expanding the company’s ultra-deepwater fleet size and drilling capabilities. Consistent with the company’s previous four ultra-deepwater drillships ordered since 2007, the new unit will be constructed on a fixed […]

  • 3 November 2011
    Business & Finance

    Ensco plc reported diluted earnings per share from continuing operations of $0.88 for third quarter 2011, compared to $0.92 per share in third quarter 2010. There were no discontinued operations in third quarter 2011. Losses from discontinued operations in third quarter 2010 were $0.01 per share related to a rig that was reclassified as held […]

  • 11 January 2011
    Business & Finance

    Pride International, Inc.  today announced that its report of drilling rig status and contract information covering the company’s fleet of offshore drilling rigs and its two drilling management projects has been updated through today’s date. The updated report, titled “Monthly Fleet Update,” can be found HERE. Pride International, Inc., headquartered in Houston, Texas, operates a […]

  • 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 […]

  • 8 December 2010
    Business & Finance

    Pride International, Inc. announced that it completed its settlement with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) of outstanding U.S. Foreign Corrupt Practices Act (FCPA) matters that were voluntarily and promptly self-reported to the DOJ and the SEC in February 2006 after they were discovered in an internal review. […]

  • 26 January 2011
    Business & Finance

    Pride International, Inc. today announced that the company has dedicated and accepted delivery of the Deep Ocean Mendocino, the third new deepwater drillship to be added to the Pride International fleet, during a ceremony at the Samsung Heavy Industries Ltd. (SHI) shipyard in South Korea. The Mendocino is expected to mobilize to the U.S. Gulf […]

  • 4 April 2011
    Business & Finance

      Pride International, Inc. announced that the company has reached agreement with Samsung Heavy Industries, Ltd. to extend Pride’s option for the construction of a sixth ultra-deepwater drillship by 30 days. The extension of the option period does not impact the estimated unit construction cost or delivery schedule determined in December 2010, upon the order […]

  • 1 April 2011
    Business & Finance

      Ensco plc  and Pride International, Inc.  today jointly announced that they have received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), with respect to the proposed merger previously announced on 7 […]

  • 27 April 2011
    Business & Finance

      Ensco plc and Pride International, Inc.  jointly announced today that they each will hold special shareholder meetings on 31 May 2011 to vote on the merger of their companies, creating the world’s second largest mobile offshore drilling fleet. The Ensco and Pride joint proxy statement/prospectus has been finalized and soon will be distributed to […]

  • 6 May 2011

    (AP)– Pride International Inc. said Thursday that its profit tumbled 59 percent in the first quarter as operating costs increased ahead … Businessweek [mappress] Source:Businessweek , May 6, 2011;

  • 9 March 2011
    Business & Finance

      Ensco plc  announced today that it has priced an underwritten offering of $1 billion principal amount of 3.25% senior unsecured notes due 2016 and $1.5 billion principal amount of 4.70% senior unsecured notes due 2021. The offering of notes was made pursuant to an effective shelf registration statement and prospectus filed by Ensco with […]

  • 6 January 2016
    Exploration & Production

    Brazil’s state-owned oil and gas company Petrobras has cancelled its contract with a drilling contractor Ensco for the drillship DS-5 over corruption charges.  Petrobras hired the drillship from Pride International, a company Ensco took over in 2011. Petrobras alleged that there were irregularities with respect to the contracting of drillship DS-5 prior to Ensco’s acquisition of […]

  • 3 July 2015
    Exploration & Production

    (Updated with Ensco statement, July 7, 2015) Brazilian police have arrested a former Petrobras official, Jorge Zelada, who allegedly received bribes related to drilling rig contracts. According to Reuters, which cited Prosecutor Carlos Fernando dos Santos Lima, Zelada, who was a director of the Petrobras international branch between 2008 and 2012, might have taken bribes on a drilling contract for the Vantage Drilling-owned […]

  • 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 […]

  • 27 July 2010
    Business & Finance

    Northern Offshore, Ltd. announced today that Mr. Gary W. Casswell has been appointed by the directors to serve as President and Chief Executive Officer of the Company. Mr. Casswell has more than 30 years industry experience, most recently serving as Vice President, Eastern Hemisphere Operations for Pride International, Inc. In that position, Mr. Casswell was […]

  • 9 March 2011

      Ensco plc announced that it has priced an underwritten offering of $1 billion principal amount of 3.25% senior unsecured notes due 2016 and $1.5 billion principal amount of 4.70% senior unsecured notes due 2021. The offering of notes was made pursuant to an effective shelf registration statement and prospectus filed by Ensco with the […]

  • 30 November 2011
    Business & Finance

    Seadrill, a Norwegian-Bermudan offshore drilling company with operations around the globe today announced its third quarter 2011 net income of US$58 million. Consolidated revenues for the third quarter of 2011 amounted to US$1,029 million as compared to US$995 million in the second quarter. Operating profit for the quarter was US$480 million, up from US$430 million […]