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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.
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
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 ...
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 ...
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. [1] In 2022, the company's largest customer was BP (15% of revenues). [1]
Atwood (surname) Ryan Atwood, a character on the television series The O.C. Atwood Oceanics, a defunct offshore oil and gas drilling company, now part of Valaris plc; Atwood Stadium, an athletic facility in Flint, Michigan
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.
In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War. [3] [4] 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 ...
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