Saturday 20 April 2024
 
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Offshore drilling

Ensco, Rowan to merge in $12bn enterprise value deal

Offshore driller Ensco and Rowan Companies, a leader in drilling services and a 50/50 partner in a joint venture with Saudi Aramco, have agreed to combine in an all-stock transaction taking the enterprise value of the merger to $12 billion.

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IOEC set for drilling ops at South Pars Phase 14

Iranian Offshore Engineering and Construction Company (IOEC) will commence offshore drilling operations at Phase 14 of t South Pars Gas Field by mid-July, said Iran Daily, quoting a top official. Physical activities at th

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