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Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas.In October 2017, the company was acquired by Ensco plc. [1]The company owned and operated 4 ultra-deepwater drillships, 2 ultra-deepwater semisubmersibles (can drill in water up to 12,000' deep), 2 deepwater semisubmersibles, and 5 high-specification jackup rigs.
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, offshore drilling contractor Atwood Oceanics has earned a ...
In the middle of rehashing the same short-term weakness story in the deepwater drilling sector, Atwood Oceanics actually admitted that the weakness in the market was only impacting the old rigs.
Atwood Oceanics is well positioned to outperform the offshore drilling market as the company continues to enhance its fleet of jackup and floater vessels. In addition to commanding industry ...
Valaris Limited (previously ENSCO-Rowan plc) is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world, and owns 52 rigs, including 36 offshore jackup rigs , 11 drillships , and 5 semi-submersible platform drilling rigs .
The company was founded in 1966 in Alice, Texas as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a public company. [2] In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in Argentina, for $140 million. [3] It also acquired Forasol ...
Atwood Oceanics is down 18% and Seadrill is down more than 22%, while Noble Corp and Transocean haven't fared much better. Even massively diversified 2 Offshore Drillers, 2 Reasons to Buy
In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6] In August 2004, one of the company's rigs sank in the Mediterranean Sea about 25 miles offshore Egypt after a fire broke out on the rig. [7] In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs. [8]
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