Esv News

Offshore engineering, construction and services company Subsea 7 said it has taken delivery two new builds: a heavy construction flex-lay vessel Seven Arctic and dive support vessel Seven Kestrel, completing its substantial fleet investment program that has added six newly constructed vessels to its fleet since 2014. Designed to meet the demands of deep water and harsh environments, including both tropical and winter conditions, Lloyd's Register classed Seven Arctic is capable of working at depths of 3…

A stricken jack-up has been removed from the Mexican seabed in close proximity to a well head platform, making for the largest wreck removal project completed in 2016. Weighing approximately 7,000 tons, the jack-up Troll Solution, contracted to operate in Pemex's Abkatun-Pol-Chuc shallow water oil field, experienced a debilitating accident while carrying out maintenance work on the wellhead platform CAAN-A in May 2015. The offshore rig was positioning itself to carry out maintenance on wells linked to the Caan Alf platform in the southern Bay of Campeche when it listed, killing two workers.

Norway’s Kleven has delivered a 116 m superyacht to its owner, Graeme Hart. The vessel left Kleven Verft in Ulsteinvik, Norway this weekend, heading for Germany, where the final completion of the vessel is to be carried out by mid 2017. “It has been a great pleasure working with Mr Hart and his team on this magnificent project. We highly appreciate the trust they have shown us by placing not just one but two orders with Kleven, in what was a new segment for us,” said Ståle Rasmussen, CEO of Kleven. The vessel is of type MT 5006 MKII ESV, designed by Norwegian ship design company Marin Teknikk in cooperation with Naval Architect Kyle Dick, of New Zealand based Oscar Mike Naval Architects.

Norwegian ship builder Kleven launched its build no 370 today – a 116 metre long Expedition Support Vessel. This is the second vessel from Kleven to Mr Graeme Hart, and as with the first vessel, Mr Hart and his family attended the launch seremony at the yard in Ulsteinvik, Norway. The first vessel, 107 m long Ulysses, was delivered from Kleven Verft in 2015, and is now on her first cruise in the Mediterranean. The high specification vessel is of type MT 5006 MKII ESV, designed by Norwegian ship design company Marin Teknikk in cooperation with Naval Architect Kyle Dick of New Zealand based Oscar Mike Naval Architects. The vessel is specially designed for long expeditions in rough waters, and blends a robust, hard-working character with luxurious added extras.

LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014. The loss from discontinued operations in fourth quarter 2015 was $0.41 per share compared to a loss of $1.67 per share last year. The loss from continuing operations in fourth quarter 2015 was $10.23 per share compared to a loss of $13.22 per share a year ago. Excluding these items, adjusted earnings per share from continuing operations were $0.92 in fourth quarter 2015 compared to $1.68 a year ago, detailed in the attached reconciliation table.

BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group. Formed on April 30, 1915 as the British Tanker Company, the business has adapted to significant world events including two world wars, the Great Depression, closures of the Suez Canal, and the impact of oil nationalisations on the world economy and the movement of oil and gas. BP Shipping has also played its role in the evolution of safer and more environmentally sustainable shipping practices including inert gas systems, crude oil washing and double hulling, and has used its marine skills in the design and development of ground-breaking hybrid vessels in support of offshore oil and gas exploration.

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 Guaranteed Delivery, which set forth the terms and conditions of the tender offer. As of March 4, 2015, the aggregate principal amount of the notes outstanding is $1.0 billion. The consideration for each $1,000 principal amount of notes validly tendered and accepted for payment pursuant to the tender offer will be determined in the manner described in the Offer to Purchase by reference to a fixed spread of 20 bps over the yield based on the bid side price of the 0.375% U.S.

Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel. The order is placed by Mr Graeme Hart, who currently has another vessel of the same type under construction at Kleven Verft. This new vessel is almost ten metres longer than the vessel currently under construction at the yard, and is of type MT 5006 MKII ESV, designed by Norwegian ship design company Marin Teknikk in cooperation with Naval Architect Kyle Dick of New Zealand based Oscar Mike Naval Architects. The vessel is specially designed for long expeditions in rough waters, and blends a robust, hard-working character with luxurious added extras.

Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 3 September 2014 at  11:05 a.m. EDT. The presentation will be available live over the Internet at www.enscoplc.com by selecting Investors/Presentations and Webcasts. Please go to the website at least 15 minutes before the presentation to register, download and install any necessary audio software. A replay of the presentation will be available on Ensco’s website within twenty-four hours of the live presentation and remain available for 30 days. Ensco will present at the Pareto Securities 21st Annual Oil & Offshore Conference in Oslo on Wednesday, 10 September 2014 at 11:05 a.m. CEST (5:05 a.m. EDT). A presentation will be available at the link noted above. There will be no webcast.

Ensco plc (NYSE: ESV) 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 20 June 2014. The ex-dividend date for this payment is expected to be 5 June 2014, with a record date of 9 June 2014. Ensco’s dividend yield is among the top five percent of S&P 500® companies. Ensco uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Ensco news or SEC filings, please sign-up for Email Alerts on the Company’s website. Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry.

A new version of DNV’s offshore standard for Integrated Software Dependent Systems (ISDS) has been issued. DNV is experiencing increasing demand from the drilling market for this kind of service and has now established a separate dedicated section in order to better serve this growing market. DNV’s offshore standard OS-D203 has been revised in order to clarify the requirements for assigning an ISDS class notation to an offshore unit as proof of compliance with the standard as well as to clarify the text in general and remove known inconsistencies.

Keppel to deliver sixth ultra-deepwater semi to Ensco over the past 42 months. 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 (NYSE: ESV) 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, ENSCO 8505 is contracted in the U.S. Gulf of Mexico with Anadarko, Apache and Noble Energy. With Singapore's Minister of State for Transport and Finance, Mrs Josephine Teo, as the guest-of-honour, the rig was named ENSCO 8505 at Keppel FELS today.

Keppel FELS Limited (Keppel FELS) has secured a contract to build an enhanced KFELS Super A Class harsh environment jackup rig from Ensco plc (NYSE: ESV) for $245 million. The rig is scheduled for delivery in 3Q 2014. This contract arose from the exercise of an option which was part of Ensco's order of two KFELS Super A Class rigs on 10 February 2011. Mr. Dan Rabun, Chairman and CEO of Ensco plc, said, "Ensco's new series of jackup rigs are enhanced versions of the KFELS Super A Class design that will provide increased levels of efficiency for customers. By building these new Super A Class jackups, we will continue Ensco's tradition of delivering leading customer service with one of the largest and youngest premium jackup fleets in the world.

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8504, the fifth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV). Keppel FELS expects to deliver the rig on time, within budget and with no lost time incidents. ENSCO 8504 has been contracted to TOTAL E&P Deep Offshore Borneo B.V. for deployment in Brunei. The rig was named at Keppel FELS today by Lady Sponsor, Mrs. Maika Grosjean, in the presence of Guest-of-Honour, Mr Teo Ser Luck, Singapore's Minister of State for Trade and Industry. Designed to address some of the most demanding offshore drilling requirements at water depths up to 8…

Keppel FELS Limited (Keppel FELS) has secured a contract to build two enhanced KFELS Super A Class harsh environment jackup rigs from a subsidiary of Ensco plc (NYSE: ESV) at a shipyard price of about $440m. These rigs are scheduled for delivery in the second and fourth quarters of 2013. As part of its contract with Keppel FELS, Ensco has options to order two more similar jackup units. Mr Dan Rabun, Chairman and CEO of Ensco plc, said, "The new rig orders reflect our commitment to continually high-grade our fleet. Operators' requirements will continue to increase over time and it is Ensco's strategy and intention to maintain our position at the high end of the premium jackup market.

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8503, the fourth of seven ENSCO 8500 Series semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV). ENSCO 8503 is scheduled to commence a two-year primary term with Cobalt International Energy, L.P. in the Gulf of Mexico in early 2011. The rig was named at Keppel FELS by Lady Sponsor, Cynthia Bryant, spouse of Joseph H. Bryant, Chairman & CEO of Cobalt International Energy, L.P., in the presence of Guest of Honor, Ho Ching, Executive Director & CEO of Temasek Holdings Pte Ltd. Daniel W.

KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the fourth quarter ended December 31, 2009. Revenue for the fourth quarter of 2009 was $26.3 million, up 24% from the quarter ended December 31, 2008. Net income for the period was $1.8 million, or $0.13 per diluted share. During the same period last year the company reported net income of $0.3 million or $0.02 per diluted share. For the year ended December 31, 2009, revenue was $89.1 million, up 8% compared to $82.4 million for the year ended December 31, 2008. KVH reported a net loss of $0.1 million or $0.01 per share for 2009. During the same period last year, the company reported net income of $3.1 million or $0.21 per diluted share.

Keppel FELS Limited (Keppel FELS) has delivered Ensco 8502, the third of seven Ensco 8500 Series semisubmersible (semi) drilling rigs it has been contracted to build exclusively for Ensco International (NYSE:ESV). Delivered seven days ahead of schedule, Ensco 8502 is on track to commence operations in the U.S. Gulf of Mexico in the second quarter of 2010, under a two-year contract with Nexen Petroleum U.S.A. Inc. with term extension options. The early completion was a culmination of progressive productivity gains achieved by Keppel FELS on the construction of the Series. Construction lead time for Ensco 8502 was reduced by 1.1 million man-hours, as compared to the first rig in the Series. This represents a 15% boost in efficiency.

KVH Industries, Inc., (Nasdaq: KVHI) announced that the Federal Communications Commission (FCC) has granted permanent “Earth Station onboard – Vessel” or ESV license authority for KVH’s mini-VSAT Broadband satellite communications service. This authority officially approves the spread spectrum mini-VSAT Broadband service and 24-inch diameter TracPhone V7 antenna as meeting the FCC’s new regulations for broadband maritime services. Prior to receiving this permanent license, the KVH mini-VSAT Broadband service has operated in U.S. waters under an FCC Special Temporary Authority (STA) since September 2007, while also supporting mariners worldwide.

Gulf Copper has been awarded a contract for the modification of ENSCO 83, a jackup rig owned by a subsidiary of Ensco International (NYSE:ESV). The fifth Ensco rig to enter Gulf Copper’s Galveston shipyard since Hurricane Ike, the ENSCO 83 is undergoing upgrades and refurbishment before it mobilizes from the U.S. Gulf of Mexico to work for PEMEX in Mexico. “Ensco International has played a major role in the post‐Ike restoration of the Galveston economy,” stated Steve Hale, President of Gulf Copper.

Remedial Offshore announced the purchase of V228 medium-speed diesel engines from GE Marine to power the new Remedial Offshore Elevating Support Vessels (ESVs). Reportedly the world’s first self-propelled, 325-foot nominal water depth-rated jack-up well intervention vessel, Remedial Offhore’s ESV design provides a hybrid between a jack-up drilling rig and a marine vessel. The new ESV concept offers versatility and operational functionality, ranging from an incorporated electric well workover package to a large open deck for offshore support functions.

Maritime Telecommunications Network (MTN), of Miramar, Florida, the leading provider of satellite-based communications, networking and other services to the cruise and offshore oil and gas industries, today said it welcomes the decision of the International Telecommunication Union (ITU), adopted at the recently completed World Radiocommunication Conference in Geneva, Switzerland (WRC-03), to establish a permanent regulatory regime for the licensing and use of satellite earth stations on board moving vessels (ESVs). MTN has been the driving force for ESVs within the ITU for more than seven years. With intensive technical study, MTN has been able to successfully demonstrate that even though ESVs are mobile in nature…