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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.
The possible offshore lease sale became an issue in the 2009 race for governor of Virginia. [43] The winner, Bob McDonnell, urged during his tenure that the sale take place. [44] In May 2010, President Obama announced his decision to cancel the offshore Virginia lease sale, in response to the Deepwater Horizon oil spill in the Gulf of Mexico. [45]
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.
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas 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 (NYS: ATW) has ...
The first federal lease sale offshore Florida was in 1959. In the 1980s the state of Florida objected to further federal lease sales in offshore Florida, and the last one was held in 1985. Because of state objections, the federal government agreed to pay $200 million to nine oil companies to buy back leases south of 26 degrees north latitude. [28]
Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems. These companies have served the upstream oil and gas industry since 1903 and are suppliers of products, systems, and services for onshore and offshore drilling. Vetco ...
The first strictly offshore oil field in California was the Belmont Offshore Field, discovered in 1948 1.6 miles (2.6 km) from the shore of Seal Beach; production did not begin until 1954 when a man-made island was built in 40 feet of water for drilling and production equipment.