The merger of Ensco and Rowan makes sense, but the rally in their shares so far this year is premature because there is no sign of improving rates for their rigs this year or next, despite higher crude prices.

Topics:  ensco   rowan   year   
BING NEWS:
  • McDermott completes float-over installation for huge Asian offshore facility
    First gas from ONGC's much-delayed Cluster 2 development on the KG-DWN-98/2 asset is now expected within two to three months ...
    04/25/2024 - 7:44 pm | View Link
  • CNOOC starts drilling at world’s largest offshore field with special formation
    Chinese offshore operator CNOOC Ltd has kicked off drilling at what it claimed to be the world largest oilfield in metamorphic rock at deep reservoir levels in Bohai Bay offshore northern China.
    04/25/2024 - 7:28 pm | View Link
  • US plans 12 offshore wind auctions over five years
    U.S. President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.
    04/24/2024 - 6:39 am | View Link
  • Site visit: Inside the O&M base for a floating offshore wind project
    Enlit on the road visited Principle Power in Portugal to learn why the O&M phase of a floating offshore wind project is crucial.
    04/23/2024 - 12:44 pm | View Link
  • World’s biggest floating offshore wind farm gets go-ahead
    T he world’s biggest offshore floating wind farm is set to be built off the coast of Scotland after the project was given the green light. When operational, Green Volt will boast up to 35 floating ...
    04/22/2024 - 2:18 am | View Link
  • More

 

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