Atwood Oceanics Announces Unplanned Downtime

ATWOOD OCEANICS, INC., (NYSE: ATW), a Houston-based International Drilling Contractor, announced that the ATWOOD FALCON, owned and operated by our wholly-owned subsidiary, Atwood Oceanics Pacific Limited is currently incurring unplanned zero-rate downtime due to equipment repair issues. The Company is expediting all repairs; however, the ATWOOD FALCON is expected to be at zero rate for two (2) to five (5) weeks, which will negatively impact diluted earnings per share for the quarter ending March 31, 2010 by $0.15 to $0.30.

{loadposition in-article}

Statements contained in this report with respect to the future are forward-looking statements. These statements reflect management’s reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. [Read the full article]

John Vollmer ” Senior Vice President Corporate Development, Treasurer & Chief Financial Officer Good day ladies and gentlemen and welcome to the fourth quarter 2009 Patterson-UTI Energy Incorporated earnings conference call. My name is Eva and I will be your operator for today. At this time all participants are in a listen-only mode. We will conduct a question and answer session towards the end of the conference. (Operator Instructions) I will now like to turn the call over to Mr. Jeff Lloyd on behalf of Patterson-UTI. Please proceed. Thank you, Eva. Good morning on behalf of Patterson-UTI Energy, I’d like to welcome you to today’s conference call to discuss the results of the fourth quarter and year ended December 31, 2009. Participating in today’s call will be Mark Siegel, Chairman, Doug Wall, President and Chief Executive Officer; and John Vollmer, Chief Financial Officer. [Read the full article]

Ensco International plc (NYSE: ESV – News) reported today that ENSCO 8502, a new ultra-deepwater semisubmersible drilling rig, is currently projected to commence operations in the third quarter of 2010. Commencement was previously scheduled for late-second quarter 2010 following shipyard delivery last month. The rig currently is in a shipyard in Singapore, where it is completing final preparations prior to mobilizing to the U.S. Gulf of Mexico.

{loadposition in-article-finance}

The delay in commencement of operations is a result of recent fire damage that was contained in a portion of the engine room. There were no injuries to personnel. Insurance claims relating to the damage and repairs will be filed under appropriate insurance policies.

Ensco brings energy to the world as a global provider of offshore drilling services to the petroleum industry. [Read the full article]

Ensco International plc (NYSE: ESV – News) announced today that its Board of Directors has declared a regular quarterly cash dividend of US$ 0.025 per Class A Ordinary Share payable on 19 March 2010 to holders of Ensco American Depository Shares (ADSs) as of the 8 March 2010 record date.

Ensco brings energy to the world as a global provider of offshore drilling services to the petroleum industry. With a fleet of ultra-deepwater semisubmersible and premium jackup drilling rigs, Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. To learn more about Ensco, please visit the Company website at [Read the full article]

You may also like...