ENSCO International Incorporated Announces Cash Dividend
ENSCO International Incorporated announced that the company's Board of Directors declared a regular quarterly cash dividend of $0.025 per share of ENSCO common stock. The cash dividend will be paid on December 15, 2004, to stockholders of record on November 30, 2004.
AMFELS Wins $48.4M Repair Contracts
AMFELS, the US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) has clinched four contracts valued at S$80 million from repeat customers. Three contracts are for the repair of jackups, ENSCO 86, ENSCO 89 and ENSCO 99, for a subsidiary of ENSCO International Incorporated (ENSCO). The first of the three jackup rigs, ENSCO 99 is expected to arrive at AMFELS in mid-November 2004 and she will also undergo life extension and refurbishment works. The fourth contract is for the refurbishment of Ocean Warwick, a jackup for Diamond Offshore, which had suffered leg damages during the Hurricane Ivan. ENSCO 86, ENSCO 89, ENSCO 99 and Ocean Warwick are jackup rigs operating in the Gulf of Mexico.
Chiles Offshore and ENSCO Announce Effective Date Of Registration Statement
ENSCO International Incorporated and Chiles Offshore Inc. announced that the registration statement related to the issuance of ENSCO stock in connection with ENSCO's proposed acquisition of Chiles Offshore was declared effective by the Securities and Exchange Commission on July 5, 2002. As previously announced, the Chiles Board of Directors has set July 5, 2002 as the record date for determining stockholders entitled to vote on the transaction with ENSCO, which is subject to stockholder approval at a special meeting of Chiles stockholders to be held on August 7, 2002. It is expected that the proxy statement/prospectus related to the transaction will first be mailed to Chiles stockholders on or about July 9, 2002.
Chiles Offshore and ENSCO Complete Hart-Scott-Rodino Anitrust Review
ENSCO International Incorporated and Chiles Offshore Inc. announced that the Federal Trade Commission and United States Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for ENSCO's acquisition of Chiles. The termination of this waiting period satisfies a regulatory condition required for the previously announced acquisition. Chiles also announced that its Board of Directors has set July 5, 2002 as the record date for determining stockholders entitled to vote on the transaction with ENSCO, which is subject to stockholder approval at a special meeting of Chiles stockholders to be held on August 7, 2002.
ENSCO Rig Damaged in Blowout
ENSCO International Incorporated and Forest Oil Corporation reported that one of ENSCO's jackup rigs sustained extensive damage while operating in the Gulf of Mexico. ENSCO 51 was on location in Eugene Island Block 273 drilling a development well over a platform (the ``A'' platform) for its customer, Forest, the operator of the block. Eugene Island Block 273 is located approximately 75 miles offshore. Shortly after midnight on Thursday, March 1, approximately fifteen hours after running and cementing a third casing string at approximately 1650 feet, an annular flow was detected. The volume of the gas discharge continued to increase. All personnel were safely evacuated from the rig. Offshore supply vessels equipped with water cannons were dispatched and began to deluge the platform.
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, 2002. After giving effect to the transaction and including the Chiles' rig currently under construction, the combined company will have a fleet of 56 offshore drilling rigs, in addition to ENSCO's fleet of 28 Gulf of Mexico oilfield support vessels.
ENSCO Will Use New Communications System
ENSCO International Incorporated announced that they will install a new communications system onboard all of its Gulf of Mexico jackup rigs. The company will provide VSAT, telephone, fax, broadband internet, data and email services, all through a secure onshore hub facility. C. Christopher Gaut, ENSCO Senior Vice President, commented on the new service, ``We believe this enhanced system will enable us to better meet the communication needs of our customers and other service providers on our rigs. Tom Chapman, ENSCO's Director of Information Technology, continued, ``Telecommunications on a mobile offshore structure presents some difficult challenges. Limited real estate, short well durations, and changes in infrastructure drive up costs for our customers.
ENSCO Sells Marine Vessel Fleet to Tidewater
ENSCO International Incorporated announced the signing of a definitive agreement to sell all of the oilfield support vessels owned by the Company's subsidiary, ENSCO Marine Company, to Tidewater Inc. for $79 million in cash. The transaction, which is expected to result in a pre-tax gain of approximately $5 million to ENSCO, ($0.02 per diluted share after taxes), is subject to various regulatory consents. It is anticipated that the transaction will close early in the second quarter of 2003. Carl F. Thorne, ENSCO's Chairman and Chief Executive Officer, explained the strategic reasons for the transaction. "Although ENSCO Marine has performed well for us over the years, further renewal and growth of our boat fleet would require significant new investment.
ENSCO Reports 4Q Results
ENSCO International Incorporated reported a net loss of $10.7 million ($0.07 per diluted share) on revenues of $206.8 million for the three months ended December 31, 2002, compared to net income of $29.9 million ($0.22 per diluted share) on revenues of $179.1 million for the three months ended December 31, 2001. Included in the fourth quarter results is a $46.1 million non-cash after tax charge ($0.31 per diluted share) for impairment of the Company's Venezuela assets and operations due to the ongoing political and economic uncertainty in Venezuela and the resulting virtual shutdown of industry activity. Excluding this impairment charge, the Company's net income for the quarter ended December 31, 2002, was $35.4 million ($0.24 per diluted share).
ENSCO Jackup Rig Damaged in Gas Blowout, Fire
ENSCO International Incorporated and Forest Oil Corporation reported that one of ENSCO’s jackup rigs sustained extensive damage while operating in the Gulf of Mexico. ENSCO 51 was on location in Eugene Island Block 273 drilling a development well over a platform (the “A” platform) for its customer, Forest, the operator of the block. Eugene Island Block 273 is located approximately 75 miles offshore. Shortly after midnight on Thursday, March 1, approximately 15 hours after running and cementing a third casing string at approximately 1,650 ft., an annular flow was detected. The volume of the gas discharge continued to increase. All personnel were safely evacuated from the rig. Offshore supply vessels equipped with water cannons were dispatched and began to deluge the platform.
Nautronix Secures Order from Keppel FELS
According to reports, International Positioning and Undersea Systems Technology Company this week landed a second major order with a Far East rig builder. Nautronix secured a multi million dollar order from Keppel FELS Ltd for the supply of systems for an ultra-deepwater semisubmersible drilling rig. The vessel is under construction for ENSCO International Incorporated and it will be the second to bear Nautronix equipment - the company secured a contract for the ENSCO 8500 at the end of 2005. The latest order is for the ENSCO 8501, which is scheduled for completion by the second quarter of 2009 for mobilization to the Gulf of Mexico.
Nautronix Secures Order from Keppel FELS Ltd.
Nautronix secured a multi million-dollar order from Keppel FELS Ltd for the supply of systems for an ultra-deepwater semisubmersible drilling rig. The vessel is under construction for ENSCO International Incorporated and it will be the second to bear Nautronix equipment - the company secured a contract for the ENSCO 8500 at the end of 2005. The latest order is for the ENSCO 8501, which is scheduled for completion by the second quarter of 2009 for mobilization to the Gulf of Mexico. The scope of supply includes Nautronix NMS6000 multi-station Class 2 Dynamic Positioning (DP) System, thruster controls, a vessel management system and associated environmental and position reference sensors.
ENSCO 3Q Earnings Hit By Gulf Downturn
ENSCO International Incorporated expects that its third quarter earnings per share will be in the range of $.38 to $.42, and that its fourth quarter earnings per share is expected to be in the range of $.25 to $.30. This trend in results is due primarily to a decline in Gulf of Mexico drilling activity. The company also announced that one of its subsidiaries has received notice of Chevron's intent to effect early termination of the ENSCO I, a barge drilling rig under long-term contract with Chevron in Venezuela. Not included in the third quarter earnings estimate given above is approximately $15 million of revenue resulting in a gain of approximately $10 million after tax, or $.07 per fully diluted share, from the early termination of this contract, if finally consummated.
Halliburton Announces Management Changes
As a further effort to strengthen its operational efficiencies, augment its management and succession development opportunities and maximize its financial performance, Halliburton announced several changes to its executive management team. Executive Vice President and Chief Operating Officer Andrew Lane will retire effective Dec. 31, 2007. Halliburton will eliminate the COO position, and the Companyâ€™s Eastern and Western Hemisphere presidents as well as the Completion and Production, and Drilling and Evaluation Divisions now will report directly to Dave Lesar, Halliburtonâ€™s Chairman of the Board, President and Chief Executive Officer. In addition, the following executive management changes are effective Jan. * Executive Vice President and Chief Financial Officer C.
ENSCO Updates Contract Status of Offshore Rig Fleet
Oil and Gas Exploration industry alert provided by U.S. Equity News. ENSCO International Incorporated announced recently that its Contract Status of Offshore Rig Fleet Report has been updated as of Monday December 17, 2007. The Report is available on the Company's website at http://www.enscous.com and can be accessed from the home page by clicking on "Rig Contract Status." The Report also can be accessed through the SEC EDGAR System.
Nautronix Sign Contract for Vessel Controls Systems
Nautronix has signed a multi-million dollar contract with Keppel FELS Limited in Singapore for the supply of systems for their new construction for ENSCO International Incorporated. The ENSCO 8500 is an ultra-deepwater semi-submersible drilling rig. The scope of supply includes Nautronix NMS6000 multi-station Class 2 Dynamic Positioning (DP) System, Thruster Controls, Vessel Management System as well as associated environmental and position reference sensors. Nautronix will also supply their Dual NASDrill RS925 multi- hydrophone LBL / SBL Acoustic Positioning System. Delivery of equipment will be for the end of 2006 with commissioning due in 2007. provide a dependable acoustic DP sensor for ultra deep water positioning.
Keppel FELS Secures ENSCO Order
Keppel FELS Limited (Keppel FELS) won a repeat order for an ultra-deepwater semisubmersible drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $338 million. The semi is scheduled for delivery in the first quarter 2009. To be named ENSCO 8501, this rig is similar to the first semi, ENSCO 8500, which ENSCO ordered with Keppel FELS in September 2005. Both semis will have the capability of drilling in water depths of up to 8,500 ft, and can be readily upgraded to 10,000 ft water-depth if required. Each rig is fitted with a DPS2 dynamic positioning system, eight 2600#kW thrusters and a single conventional drilling derrick system, with accommodation for up to 150 persons.
ENSCO Announces Jackup Rig Delivery
ENSCO International Incorporated announced that a subsidiary of the company has taken delivery of ENSCO 107, an enhanced KFELS B Class design jackup rig constructed by Keppel FELS Limited ("Keppel FELS") in Singapore. The rig, which was delivered one month ahead of schedule and within budget, is contracted for work commitments in Southeast Asia and New Zealand until the third quarter of 2007. With the addition of ENSCO 107 and the expected delivery of ENSCO 108 by the second quarter of 2007, ENSCO's premium jackup fleet will increase to 44 rigs, ten of which will be new ultra-high specification rigs built over the last seven years. (Source: Houston Chronicle)
Keppel to Build ENSCO Semisubmersible Rig
Keppel FELS Limited (Keppel FELS) has won a contract to build a $537m ultra-deepwater semisubmersible (semi) drilling rig from a subsidiary of ENSCO International Incorporated (ENSCO). This contract follows shortly after of the award of the fifth semi, ENSCO 8504, that was announced on May 6, 2008. This latest rig, ENSCO 8505, is the sixth consecutive semi of the ENSCO 8500 Series® that Keppel FELS is constructing, and is scheduled for delivery in the first half of 2012. Keppel FELS has delivered nine new jackup rigs to ENSCO, and is constructing six semis based on ENSCO’s proprietary design.
ABS Elects New Council
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.
Keppel FELS to Build ENSCO Rig
Keppel FELS Limited (Keppel FELS) has won the contract to build the seventh ENSCO 8500 Series deepwater semisubmersible (semi) worth $560m. This sum includes equipment specified by the owner. To be delivered in the second half of 2012, the ENSCO 8506 will be the seventh consecutive semi that Keppel FELS is constructing for ENSCO International Incorporated (ENSCO). The contract follows shortly after the award of the sixth semi, ENSCO 8505, that was announced on 1 June 2008. The…
USS New Orleans Enters Dry Dock
USS New Orleans (LPD 18) entered a dry dock in Bahrain April 25 to continue repair work on the ship's hull. The Navy signed a firm fixed-price contract with Arab Shipbuilding and Repair Yard (ASRY) Shipyards in Manama, Bahrain to repair New Orleans. The repair contract includes planning efforts, material procurement, pre-fabrication and dry dock repair work and is expected to be completed in 10 to 14 days. The amphibious transport dock was damaged in a collision with USS Hartford (SSN 768) March 20, 2009. The ship dry docked in ASRY Shipyards Graving dock located in Manama, Bahrain.
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). The total project value is $427 million. The semi, ENSCO 8503, will be the fourth semi that Keppel FELS is constructing for ENSCO. It is expected to be delivered in the third quarter of 2010. “It is our privilege to participate in the growth of ENSCO.