Forum Energy Technologies Names New Board Director
, is the former Executive Chairman of the Board of JLB Partners, a developer, builder, and manager of Class A multi-family assets in select markets in the United States. He previously served as Non-Executive Chairman of Valaris plc, a publicly-traded offshore drilling contractor, and its predecessor, Ensco plc. Mr. Rowsey was formerly the Chief Executive Officer of Compatriot Capital, and a founder and the managing partner of E2M Partners, LLC, a sponsor and manager of private real estate equity funds. Rowsey continues to serve as Chairman of E2M. Mr. Rowsey is a graduate of Duke University and
Offshore Drilling: It’s Going to Get Worse Before It Gets Better
.About the AuthorTerry Childs is the Head of RigLogix for Westwood Global Energy Group. He has over 35 years of experience tracking and writing about the offshore rig market. He started his career in 1981 at IHS legacy company Offshore Data Services. He left there in 2006 to market jackups for ENSCO in the Gulf of Mexico. In 2009, he returned to the market intelligence side of the business, with stints at RigData and DrillingInfo, before landing at Rigzone in December 2014. He became Director of the Data Services group in February 2016 and served in that capacity until March of 2018 year when
SISTAC: Brazil´s Homegrown Subsea Service Provider
contracts with Petrobras: services such as industrial climbing, diving contracts and implementing services with divers and ROV with support from Sistac Esperança. In addition, we signed two more diving contracts (long-term), one with a new customer, Equinos (formerly Statoil), and another with Ensco. These achievements are a reflection of the value of the company, together with the commitment of all employees and quality of our services. The commitment from everyone was instrumental in getting this positive result during the crisis. Sistac has over two million professional diving hours to its
Forum Taps Gaut as CEO
first time as Forum CEO, Gaut served as President of the Drilling and Evaluation Division at Halliburton Company, and prior to that as Chief Financial Officer, from March 2003 through April 2009. Before joining Halliburton in 2003, Gaut was Chief Financial Officer and Co-Chief Operating Officer of Ensco International
Offshore Rig Firms See End to Historic Downturn
, with total supply counting more than 500 units, while current demand is around 300. Nordea says some 100-200 jack-up rigs may need to be scrapped before day rates improve. M&A Eying a market upturn, some executives are now busy seeking mergers and acquisitions. London-based Ensco's shareholders will vote on Thursday on whether to approve the board's proposal to buy smaller rival Atwood Oceanics. Some shareholders have questioned the timing and the value of the deal, but the management has defended it. "We believe the offshore drilling sector is entering
SensorView Reduces Non-productive Rig Time at Ichthys
to an onshore processing and storage facility at Bladin Point near Darwin. As part of a 40 month contract, INPEX contracted Neptune to provide rig positioning and survey services during the drilling and completions phase of the project, work that is being undertaken by the Jack Bates and Ensco 5006 mobile drilling units. At each of the five drill centers, Neptune installed a seabed array of Sonardyne Compatt 6 Long BaseLine (LBL) acoustic transponders to accurately position the spud locations and monitor the installation of the Drilling Guide Bases (DGBs) as they were lowered
CIS Installs Conductors in Southern North Sea
on the project to form the foundations of six development wells. In addition, CIS supplied all conductor-running services, handling equipment, together with drive shoes that improve driveability by 40 percent. Following completion of a comprehensive drive study, CIS crew worked with rig contractor Ensco and the operator to commence the driving operation. CIS worked from the jack-up rig Ensco 80, and used a 90 kJ hydraulic hammer to drive all six conductors to their target depth on the wellhead platform. Conductors were driven as deep as 401 feet from the rig floor to the conductor toe, reaching
ENSCO DS-9 Drillship Contract Update
ConocoPhillips today for its convenience provided a notice of termination for the three-year ENSCO DS-9 drillship contract. Under the terms of the contract, ConocoPhillips is obligated to pay Ensco termination fees monthly for two years equal to the operating day rate of approximately $550,000, which may be partially defrayed should Ensco re-contract the rig within the next two years and/or mitigate certain costs during this time period while the rig is idle and without a contract. ConocoPhillips is also contractually obligated to reimburse certain costs that Ensco incurs due to the
Conoco Cutting Deepwater Spending
ConocoPhillips said on Thursday it will reduce future spending on deepwater drilling due to low crude oil prices while raising its dividend one cent. The largest spending reductions will come in the Gulf of Mexico, where the Houston-based company said it will terminate a three-year contract for an Ensco deepwater drill ship that was due to be delivered late this year. Conoco said it raised its quarterly dividend to 74 cents per share from 73 cents per share. (Reporting by Anna Driver, editing by G Crosse)
August 2026
