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Sunday, December 17, 2017

Ensco International Incorporated News

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.

Tidewater, ENSCO Will Close Transaction on April 1

Tidewater Inc. and ENSCO International Incorporated jointly announced today that Hart-Scott-Rodino clearance had been obtained and that all other conditions to closing have been satisfied with respect to the previously announced sale by ENSCO of its 27-vessel Gulf of Mexico fleet to Tidewater. The transaction is expected to be completed as of 12:01 a.m., Tuesday, April 1, 2003.

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.

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.

Keppel to Build ENSCO Semisubmersible Rig

 ENSCO 8500, the first semi of ENSCO 8500 Series, is on track for delivery in 3Q2008, and has already clocked an outstanding safety record of about 5 million manhours without lost time incidents.

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.

Keppel FELS Partners With ENSCO

Keppel FELS Limited (Keppel FELS) has secured a contract to build a semisubmersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $312 million and is expected to be completed in 32 months. ENSCO has secured for ENSCO 8500 a drilling contract with a consortium of three independent oil companies for operation in the Gulf of Mexico. This agreement is for a four-year primary term with an option for the extension of the term. “Keppel FELS is glad to team up with ENSCO to develop a cost-efficient solution for their ultra-deepwater drilling needs,” said Mr Choo Chiau Beng, Chairman and CEO of Keppel Offshore & Marine Ltd (Keppel O&M), the parent company of Keppel FELS.

Update on ENSCO 7500 Construction Project

ENSCO International Incorporated announced construction of the ENSCO 7500 semisubmersible rig is progressing satisfactorily at the Friede Goldman Offshore, Orange, Texas shipyard. FGO estimates construction of the rig will be completed, and shipyard delivery will take place during October of 2000. This is in line with ENSCO's previously reported expectation the rig will commence its term contract for Burlington Resources during the fourth quarter of 2000. The Burlington contract is expected to generate revenue of approximately $190 million during the three-year primary term. In a related development, Burlington ? while reconfirming their commitment under the ENSCO 7500 drilling contract ?

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 completion of construction. ENSCO expects to begin drawing under the interim financing during the first quarter of 2000. The company also has reached…

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 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)

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.

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.

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.

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.

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 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.

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.

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…

Keppel’s Yard Delivers Rig to ENSCO

Keppel’s yard in Brownsville, Texas, AMFELS Inc. has delivered on time and on budget, a KFELS MOD V “B” class ultra premium jack-up drilling unit to a subsidiary of ENSCO International Incorporated. ENSCO 105 is the second MOD V “B” new generation deep-well drilling rig that has been completed. The total cost of construction and outfitting for the ENSCO 105 was in excess of US$100 million (S$175m), of which work performed by AMFELS formed a major portion. The first KFELS MOD V “B” was Chiles Discovery (now renamed ENSCO 104) built and delivered by Keppel FELS in Singapore in March this year, and currently deployed in the Bayu-Undan field in Timor Sea for Phillips Petroleum Company.

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.

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.

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.

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