Marine link
 

ENSCO OFFSHORE

Keppel FELS Divests Interest in Rig for $80m

Keppel FELS Limited (Keppel FELS) has transferred its entire 75% interest in ENSCO Enterprises Ltd II (JVC) to ENSCO Offshore International Company (ENSCO) for a cash consideration of US$80 million. The JVC is part of an alliance agreement with ENSCO to build, own and operate a jackup rig, ENSCO 106, valued at around US$105 million. The agreement carries an option for ENSCO to purchase Keppel FELS' entire interest in the rig prior to or upon delivery. The consideration is based on the book value of Keppel FELS’ 75% interest in the JVC.


Keppel FELS Delivers Rig to ENSCO

Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million


ENSCO Completes Financing Facility

ENSCO International Incorporated announced the closing of a new $195 million loan facility guaranteed by MARAD. The facility will be used to finance the ENSCO 7500 semisubmersible drilling rig currently being constructed for ENSCO by Friede Goldman Offshore. The rig is scheduled to commence drilling operations for Burlington Resources during the fourth quarter of 2000. The MARAD guarantee covers both interim financing during the construction period as well as 15 year bonds to be issued upon


Keppel FELS Wins $427m ENSCO Deal

Seen here are William S. Chadwick, Jr., Executive Vice President - COO of ENSCO; Tong Chong Heong, MD & COO of Keppel Offshore & Marine; Daniel W. Rabun, Chairman, President and CEO of ENSCO; Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine and Mr Paul Wildberger, General Manager, Capital Projects of ENSCO, in front of ENSCO 8500. Keppel FELS won an order for an ultra-deepwater semisubmersible (semi) drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated


ENSCO and Chiles Offshore Announce Agreement to Merge

ENSCO International Incorporated and Chiles Offshore Inc. announced that they have signed a definitive merger agreement by which ENSCO will acquire Chiles. The Boards of both companies have approved the transaction. Under the terms of the merger agreement, Chiles' stockholders will receive 0.6575 shares of ENSCO common stock, plus cash of $5.25, for each share of Chiles' common stock. Total value of the transaction is approximately $578 million based on ENSCO's closing price as of May 14


Ensco Takes Delivery of ENSCO 8504 Rig

Ensco has taken delivery of ENSCO 8504, the fifth of the seven ENSCO 8500 Series(R) rigs constructed by Keppel FELS Limited in Singapore. After mobilizing to Brunei to complete deepwater sea trials and final outfitting, ENSCO 8504 will commence a previously announced drilling contract with Total E&P Deep Offshore Borneo B.V. The proprietary design of the ENSCO 8500 Series(R) was developed with input from customers to address the drilling requirements for virtually every deepwater field


Ensco Marine Sells Tug Supply Boat

Ensco Marine of Broussand, La. has sold its anchor handling tug supply boat Ensco Giant to Odyssea Marine. The vessel was built in 1976 by Mangone Shipyard in Houston, Texas and was fitted with a Smatco DAW-250 double drum waterfall anchor handling/towing winch. The vessel will be renamed Odyssea Giant and used in offshore anchor handling and towing in support of the new owner's offshore construction business both domestically and internationally


ENSCO 7500 Is A Groundbreaker

As the offshore market, particularly in the Gulf of Mexico, continues to heat up, news from Dallas heralds a new era of ensuring safety and efficiency. ENSCO International took delivery of its new semisubmersible ENSCO 7500 from Friede Goldman Halter of Port Arthur, Texas, marking the drilling rig's place in offshore history as the first to complete certificate of inspection requirements under the USCG Alternate Compliance Program (ACP), as facilitated by ABS of Houston.


Fairmount Delivers ENSCO Rig in Malta

Photo courtesy Fairmount Marine

Fairmount Marine said it had delivered rig ENSCO 5004 in Malta at the end of a voyage that began offshore Rio de Janeiro. Rig ENSCO 5004 is a 1982 built 94.7 meters long and 70.4 meters wide semi-submersible drilling rig. The towage of rig ENSCO 5004 from Rio de Janeiro to Malta took about 5,782 nautical miles and during the voyage speeds well over seven knots were reached. Fairmount Marine is a marine contractor for ocean towage and heavy lift transportation, headquartered in Rotterdam


ENSCO 110, ENSCO 104 Contracted for UAE & M.E.

ENSCO  104

  Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day. NDC has also contracted ENSCO 104 for a three-year term at a day rate of $114,000. The rig is mobilizing to the Middle East from the Asia Pacific region and is scheduled to commence its new contract in late-June 2015.


Ensco CFO Jay Swent to Retire

Jay Swent (Photo: Ensco)

Ensco plc announced that EVP & CFO Jay Swent will retire after more than 11 years of service.   Swent will continue to serve in his current role until the succession process has been completed and a new CFO has been named. The completion of the succession process may extend into the


Ensco CFO Jay Swent to Retire

Jay W. Swent IIIExecutive Vice President and Chief Financial Officer

  Ensco plc announced today that EVP & CFO Jay Swent, 64, will be retiring after more than 11 years of service. Mr. Swent will continue to serve in his current role until the succession process has been completed and a new CFO has been named


Conoco Cutting Deepwater Spending

Photo: ConocoPhillips

ConocoPhillips said on Thursday it will reduce future spending on deepwater drilling due to low crude oil prices while raising its dividend one cent.   The largest spending reductions will come in the Gulf of Mexico, where the Houston-based company said it will terminate a three-year


ENSCO DS-9 Drillship Contract Update

ENSCO DS-9 Drillship

  ConocoPhillips today for its convenience provided a notice of termination for the three-year ENSCO DS-9 drillship contract. Under the terms of the contract, ConocoPhillips is obligated to pay Ensco termination fees monthly for two years equal to the operating day rate of approximately $550


Ensco Prices $1.25-Billion Senior Notes Offering

Bank Notes: File image

UK based provider of offshore drilling services, Ensco plc, says that it has priced an underwritten offering of $1.25 billion principal amount of senior unsecured notes consisting of two series as follows: •    $625 million principal amount of 4


Ensco plc Reports 3Q, 2014 Results

Logo

  Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.06 per share gain on the sale of four jackup rigs, third quarter 2014 diluted earnings per share from continuing


Ensco plc Declares Cash Dividend

  Ensco plc announced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.75 per Class A ordinary share payable on 19 December 2014. The ex-dividend date for this payment is expected to be 4 December 2014, with a record date of 8 December 2014.


Ensco Promotes Lowe to EVP

Ensco plc announced that Carey Lowe has been promoted to Executive Vice President.   Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding, led by Vice President Sean O’Neill, as well as strategy


Ensco on Industry Panel at Goldman Sachs Conference

Carl Trowell CEO at Ensco plc

  Ensco's CEO and President Carl Trowell will participate on an industry panel at the Goldman Sachs Global Energy Conference in Miami on Wednesday, 7 January 2015. Investor materials to be used during the conference will be available on Ensco’s website at www.enscoplc


Transocean Shares Poised for Big Move

Photo: Transocean

Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry.   This would be the biggest post-earnings move for the shares in at least eight quarters.


Ensco Announces Cash Tender Offer

Ensco plc is a global provider of offshore drilling services to the petroleum industry

  Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5). The tender offer is being made pursuant to an Offer to Purchase dated today and a related Letter of Transmittal and Notice of


Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.   Now, with oil prices down by half since June


BP Terminates GoM Rig Contracts

BP terminated contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the British oil company slashes its exploration budget due to fallen oil prices. Offshore drilling company Ensco said it had received notice to terminate BP-operated rig DS-4 in the Gulf of Mexico


Ensco Appoints Rowsey as Non Executive Chairman

Paul_Rowsey

  Ensco plc announced today that Paul Rowsey has been named Non-Executive Chairman of the Board following Dan Rabun’s planned retirement on 18 May 2015 concurrent with the annual general meeting of shareholders. Mr. Rowsey has been a member of Ensco’s Board of Directors since 2000


Ensco plc Announces Cash Dividend

Logo

  Ensco plcannounced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.15 per Class A ordinary share payable on 19 June 2015. The ex-dividend date for this payment is expected to be 4 June 2015, with a record date of 8 June 2015.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright