Forum Energy Technologies Names New Board Director
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
Ensco Appoints Rowsey as Non Executive Chairman
Ensco plc announced today that Paul Rowsey has been named Non-Executive Chairman of the Board following Dan Rabun’s planned retirement on 18 May 2015 concurrent with the annual general meeting of shareholders. Mr. Rowsey has been a member of Ensco’s Board of Directors since 2000. He most recently served as Lead Director and remains Chairman of the Nominating and Governance Committee. Mr. Rowsey said, “I am honored to have been selected by the Board to serve in my new role as Non-Executive Chairman. We thank Dan for his dedicated leadership over many years and we wish him
ENSCO 110, ENSCO 104 Contracted for UAE & M.E.
Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day. NDC has also contracted ENSCO 104 for a three-year term at a day rate of $114,000. The rig is mobilizing to the Middle East from the Asia Pacific region and is scheduled to commence its new contract in late-June 2015. Chief Executive Officer Carl Trowell commented, “We are pleased to extend our relationship with NDC. The Middle East is the
Ensco Announces Cash Tender Offer
Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5). The tender offer is being made pursuant to an Offer to Purchase dated today and a related Letter of Transmittal and Notice of Guaranteed Delivery, which set forth the terms and conditions of the tender offer. As of March 4, 2015, the aggregate principal amount of the notes outstanding is $1.0 billion. The consideration for each $1,000 principal amount of notes validly tendered and accepted for payment pursuant to the tender
Ensco Tops in Offshore Drilling
For the fifth consecutive year, Ensco plc earned first place for total customer satisfaction in the Oilfield Products & Services Customer Satisfaction Survey. Conducted by EnergyPoint Research, the annual survey is the industry benchmark for customer satisfaction in the global oilfield. Ensco led all offshore drilling contractors in the survey by receiving top honors in 10 of 16 categories including total customer satisfaction; health, safety and environment; technology; deepwater drilling; harsh climate applications; shelf wells; horizontal and directional wells; and special applications
Diamond Offshore Revenue Rises on Ultra-deepwater Demand
on average. "Diamond Offshore have been taking delivery of new assets ... the rigs that were ordered few years ago are starting to be delivered, so it's driving revenue higher in the near term," ISI Group analyst James West said. Offshore drillers such as Noble Corp, Transocean Ltd and Ensco Plc are taking a hit because their customers are moving away from expensive offshore production. Hercules Offshore Inc reported a 1.5 percent drop in its third-quarter revenue on Wednesday due to softened drilling activities and lower rigs utilization. Offshore drillers are expected to post a
Ensco to Present at Barclays & Pareto Securities Conferences
live presentation and remain available for 30 days. Ensco will present at the Pareto Securities 21st Annual Oil & Offshore Conference in Oslo on Wednesday, 10 September 2014 at 11:05 a.m. CEST (5:05 a.m. EDT). A presentation will be available at the link noted above. There will be no webcast. Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 25 years, the company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction in the latest independent
Enso Report Record Earnings, Revenues in Q3 2013
Offshore drilling rig owners Ensco plc record revenues of US$1.3-Billion in their third quarter 2013 financial report. Highlights: Record Revenues Totaling $1.3 Billion Record Earnings of $379 Million Earnings Per Share Grew 9% $11 Billion of Contracted Revenue Backlog ENSCO DS-7 Ultra-Deepwater Drillship and ENSCO 120 Ultra-Premium Jackup Delivered Chairman, President and Chief Executive Officer Dan Rabun stated, “During the third quarter, we accepted delivery of two more rigs that will commence multi-year contracts later this year - - ENSCO DS-7, an ultra-deepwater
Ultra-deepwater Drillship Delivered to Ensco
Ensco plc has taken delivery of ENSCO DS-7, an advanced-capability, ultra-deepwater drillship. The vessel will embark from the Samsung Heavy Industries shipyard in South Korea to Angola, where it is contracted to Total for three years beginning in the fourth quarter at an initial day rate in the mid $610,000's. ENSCO DS-7 is the third Ensco rig contracted to Total and will be the fourth Ensco rig working in West Africa. Chairman, President and Chief Executive Office Dan Rabun said, “The West Africa deepwater market continues to be an exciting exploration area and we are pleased to expand our
February 2024
