Ensco revenues hit by lower utilization, dayrate decline

Offshore driller Ensco managed to take the edge off some of its quarterly loss but remained in the red with decreased revenues ahead of its merger with Rowan. Ensco’s revenues were impacted by lower floater utilization and dayrate decline.

In one of its last quarters as Ensco before it merges with Rowan, Ensco recorded a net loss of $203.1 million in 4Q 2018 compared to the net loss of $207.1 million in the same period of 2017.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.