ESV News and Press, Ensco plc Class A From 12/17/18

Ensco plc (NYSE: ESV) today announced its Continuous Tripping Technology™ , a new proprietary solution that provides more efficient and safer pipe tripping and helps to lower customers’ offshore project costs. The patented Continuous Tripping Technology , in concert with othe...

Oil prices tumbled to wipe out the week's prior gains, weighed by a big drop in equities that followed weaker than expected data on China's economic growth and a stronger dollar; U.S. WTI settled -2.6% to $51.20/bbl, Brent -2.1% to $60.12/bbl. More news on: Exxon Mobil Corporation, ...

In previous articles, we have already discussed the fundamentals of the drillship segment and of the semi-sub segment of the offshore drilling market. In this article, we turn to the jack-up segment. The situation in this segment is important for companies with jack-up presence: Ensco ( ES...

The New Year approaches fast, and it's high time to look at offshore drilling market fundamentals, especially after the recent price action in offshore drilling stocks. In the previous article on the topic, we discussed the fundamentals of the drillship market segment. In this article, we wi...

The year comes to an end, and it’s high time to evaluate fundamentals of the offshore drilling market. This topic is especially interesting after drillers’ stocks got lambasted following the rapid decline in the price of oil. In this article, we will focus on the drillship market...

Last week, I discussed the general picture for the offshore drilling industry after recent oil price declines and was particularly concerned about the ongoing lack of deepwater exploration activity as supermajors have been largely sticking to their short-cycle investment strategies for now. ...

The outcome of the OPEC/non-OPEC negotiations was crucial for all offshore drilling stocks - in case of a failure, massive sell-off would have happened. Obviously, the negotiators realized the importance of their decision for their countries and cash flows and finally go to a deal, although no...

Tonix Pharmaceuticals Holding (NASDAQ: TNXP ) +67%  on no news . More news on: Tonix Pharmaceuticals Holding Corp., Cronos Group, Inc., Tenax Therapeutics, Inc., Stocks on the move, , Read more ...

Almost three years have passed since I provided my initial take on the offshore drilling industry to Seeking Alpha readers right at the very bottom of the oil price downturn. In light of the renewed collapse in oil prices, I decided to update my views and follow up with a detailed discussi...

Back in November, I wrote that Rowan (RDC) decided to transfer a contract with Fieldwood Energy from Rowan Reliance to Rowan Resolute to save money on reactivation and focus on finding work for just one drillship, Rowan Relentless, which was on contract with Exxon Mobil (XOM) until December ...