ESV News and Press, Ensco plc Class A From 10/01/18

Source: ShipSpotting - Ultra-Deepwater Drillship Petrobras 10000 Investment Thesis Transocean ( RIG ) continues to be one of the best offshore drillers with a considerable backlog estimated (Fun Trading personal estimate) at ~$11.5 billion as of 09/30/2018. The company is focusing on t...

Ensco 72 Offshore drilling news keep coming in. This time, Offshore Energy Today reported two contracts ( here and here ) for Ensco's ( ESV ) Ensco 72 jack-up. Both contracts are with Corallian Energy for drilling offshore UK. The rig will drill two wells, which should take about 60 days...

This September has become a "drillship dayrate forecast" month here on SA with my articles on the topic, " Will Drillship Rates Rise Rapidly? " and " Will Drillship Rates Rise Rapidly? Part 2 " provoking lively discussion. Now, we have just received a very interesting and important data point ...

Talos Energy (NYSE: TALO ) says Mexico's oil and gas regulator has approved its appraisal plan for the Zama discovery and is reviewing its application for drilling permits. More news on: Talos Energy Inc, Ensco PLC, Energy stocks news, Read more ...

This article should be viewed as an update on my previous work, " Will Drillship Rates Rise Rapidly? " Recently, there was plenty of news to digest on the offshore drilling front. Seadrill Partners ( SDLP ) ( here ), Seadrill ( SDRL ) ( here ) and Transocean ( RIG ) ( here ) got contracts fo...

My previous articles on supply fundamentals of the offshore drilling market, “ Will Drillship Rates Rise Rapidly? ” and “ Will Semi-Subs Rates Rise Rapidly? ” sparked lively discussion, so I decided to make the series complete and discuss the latest data on jack-up ...

As the ongoing bull market has become the longest in history, most investors feel good about the performance of their portfolios. On the other hand, it has become remarkably hard to identify attractively valued stocks to invest the income stream from dividends or allocate new funds. In this ar...

This article is a continuation of the discussion started in my recent work " Will Drillship Rates Rise Rapidly? ", which was inspired by comments provided by Transocean ( RIG ) in relation to its purchase of Ocean Rig ( ORIG ). While the Transocean and Ocean Rig deal is the topic of the day,...

The recent decision of Transocean ( RIG ) to purchase Ocean Rig ( ORIG ) ignited a debate on whether floater rates (and, specifically, drillship rates since Ocean Rig has 9 drillships) will indeed rise rapidly and if we will see scarcity of rigs soon. This question is important not only for ...

On Tuesday, September 4, 2018, offshore drilling giant Transocean Ltd. ( RIG ) announced its intent to acquire beleaguered ultra-deepwater drilling specialist Ocean Rig ( ORIG ) in a deal that was originally valued at $2.7 billion. The deal is valued somewhat less now due to Transocean's sto...