ESV News and Press, Ensco plc Class A From 03/29/19

The first quarter was full of developments for the offshore drilling industry. Oil prices (both WTI ( USO ) and Brent ( BNO )) staged a major rebound after the awful performance in the fourth quarter of 2018. Ensco ( ESV ) finalized the merger with Rowan ( RDC ). Noble Corp. ( NE ) bought ...

Deepwater oil and gas explorers including Royal Dutch Shell ( RDS.A , RDS.B ) and Talos Energy (NYSE: TALO ), along with contractors such as Ensco (NYSE: ESV ) and TechnipFMC (NYSE: FTI ), told the Scotia Howard Weil Energy Conference this week they see a revival coming , a message in star...

HOUSTON , March 27, 2019 /PRNewswire/ -- Rowan Companies plc (NYSE: RDC) ("Rowan" or the "Company") today announced that it has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabia for its pending combination with Ensco plc (NYSE: ESV) ("Ensc...

Ensco plc (NYSE: ESV) (“Ensco”) today announced that it has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabia for its pending combination with Rowan Companies plc (NYSE: RDC) (“Rowan”). As disclosed on February 21, 20...

HENDERSON, NV / ACCESSWIRE / March 22, 2019 / Worldwide oil demand has been steadily climbing for years and it recently topped 100 million barrels per day (BPD) for the first time in history, according to data from the International Energy Agency (IEA). That should continue with the IEA expe...

Fellow contributor Tudor Invest Holdings has recently alerted me to a Rystad Energy report calling for full recovery of offshore drillers in 2027. We are still in the first quarter of 2019, and, if such predictions are true, there’s an awful lot of time until this happy time. What d...

Offshore oil drilling stocks enjoy a Barron's bounce after the publication profiled the sector over the weekend and cited signs of a turnaround , including a 28% Y/Y increase in the worldwide offshore rig count through February. More news on: Transocean Ltd., Ensco plc, Rowan Companies ...

On Wednesday, February 27, 2019, offshore drilling contractor Rowan Companies ( RDC ) announced its fourth quarter 2018 earnings results. At first glance, these results appeared to be mixed as the company beat the expectations of its analysts on top-line revenues but failed the meet the bott...

Ensco PLC - Semi-submersible Ensco 5005 Investment Thesis Ensco PLC ( ESV ) has been one of my long-term investments in the offshore drilling sector with Transocean ( RIG ). These two offshore drillers are the most representative of this struggling industry. The difference between Transo...

Yesterday, we have discussed Rowan’s ( RDC ) fourth quarter report , and now it’s time to discuss the other company in the upcoming merger, Ensco ( ESV ). Ensco reported revenues of $399 million and net loss of $203 million. The company’s loss originated from high d...