What is Ensco called now?
LONDON–(BUSINESS WIRE)– Ensco Rowan plc (NYSE: ESV) (the “Company”) announced today that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL.
Who bought Ensco?
July 3, 2019 Updated: July 3, 2019 8:38 a.m. The newly merged offshore driller Ensco Rowan said it will change its name to Valaris as the London-based firm charts a new path.
What happened to Ensco?
Ensco Rowan announced this week that it will change its name to Valaris PLC, effective July 31. The company’s ticker symbol also will become “VAL” following the name change.
Is Ensco now Valaris?
Valaris was formed in 2019 as “Ensco Rowan” through the merger of Ensco plc and Rowan Companies plc, creating the world’s largest offshore drilling company. It later changed its named to Valaris plc beginning August 1, 2019.
When did Ensco become Valaris?
Richard Rainwater’s BEC Ventures made an investment in the company in 1986 and chose Carl F. Thorne to run the company, which he did until his retirement 20 years later. In 1987, the company changed its name to Energy Service Company (Ensco).
Who bought Rowan?
Yarn brands Rowan and Patons have been sold to the legacy embroidery floss company, DMC. The announcement was made on Friday. Both brands had been part of MEZ, one of the portfolio of companies owned by the Aurelius Group. DMC is owned by the private equity firm Lion Capital.
Who is Ensco international?
ENSCO International Incorporated, based in Dallas, Texas, is one of the world’s leading offshore drilling contractors, operating 56 offshore drilling rigs: 43 jackup rigs, seven barge rigs, five platform rigs, and one semisubmersible rig.
How many drilling rigs does Ensco have?
The company now consisted of 52 drilling rigs, divided among four subsidiaries operating in the United States, the United Kingdom, the Caribbean, and Asia. In addition, ENSCO boasted a large fleet of support vessels, including tug, supply, and anchor hauling ships.
What does Ensco’s acquisition of Rowan mean for the driller?
Carl Trowell, EnscoRowan’s Executive Chairman, stated, “The combination of Ensco and Rowan creates an industry-leading offshore driller across all water depths, establishing a stronger company capable of thriving throughout the market cycles.
Where are enhensco rigs located?
ENSCO operates primarily in the Gulf of Mexico with 22 of its jackup rigs as well as its five platform rigs and lone semisubmersible rig. Of the company’s remaining 21 jackup rigs, seven are operated in the North Sea, 12 in the Asia Pacific area, one offshore in West Africa, and one offshore Trinidad and Tobago.