Ensco plc and Rowan Cos. plc agreed Monday to merge in an all-stock transaction, creating one of the largest offshore drilling companies in the world, with extensive reach into ultra-deepwater basins including the U.S. Gulf of Mexico (GOM).
Ensco
Articles from Ensco
Ensco, Atwood Merger Pointing to Leaner, More Cost-Competitive Offshore Sector
Ensco plc and Atwood Oceanics Inc. agreed Tuesday to merge, creating what one analyst called “an offshore drilling bellwether” that would rival any now working in shallow or deepwater.
NGI The Weekly Gas Market Report
Offshore Drilling Contractors Mapping More Rough Seas Ahead
Diamond Offshore Drilling Inc., mirroring recent comments by Noble Corp. plc and Ensco plc, is expecting volatility “for some time to come” for the offshore oil and gas industry, regardless of whether commodity prices have stabilized, CEO Marc Edwards said Monday.
Stone Energy Cutting GOM-Focused 2016 Budget in Half
Stone Energy Corp. is cutting its 2016 capital expenditure (capex) budget by more than 50% from 2015 levels, saying its $200 million spending plan for next year would be reviewed and depend upon commodity prices, liquidity and working interest sales, among other things.