Scotia Howard Weil Energy Conference. 27 March 2018

Size: px
Start display at page:

Download "Scotia Howard Weil Energy Conference. 27 March 2018"

Transcription

1 Scotia Howard Weil Energy Conference 27 March

2 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of Forwardlooking statements include words or phrases such as anticipate, believe, estimate, expect, intend, plan, project, could, may, might, should, will and similar words and specifically include statements involving expected financial performance, effective tax rate, expected expense savings, day rates and backlog, estimated rig availability; rig commitments and contracts; contract duration, status, terms and other contract commitments; estimated capital expenditures; letters of intent or letters of award; scheduled delivery dates for rigs; the timing of delivery, mobilization, contract commencement, relocation or other movement of rigs; our intent to sell or scrap rigs; and general market, business and industry conditions, trends and outlook. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including commodity price fluctuations, customer demand, new rig supply, downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; risks inherent to shipyard rig construction, repair, maintenance or enhancement; possible cancellation, suspension or termination of drilling contracts as a result of mechanical difficulties, performance, customer finances, the decline or the perceived risk of a further decline in oil and/or natural gas prices, or other reasons, including terminations for convenience (without cause); the cancellation of letters of intent or letters of award or any failure to execute definitive contracts following announcements of letters of intent, letters of award or other expected work commitments; the outcome of litigation, legal proceedings, investigations or other claims or contract disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to attract and retain skilled personnel on commercially reasonable terms; environmental or other liabilities, risks or losses; debt restrictions that may limit our liquidity and flexibility; tax matters including our effective tax rate; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider Item 1A. Risk Factors in Part I and Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC s website at or on the Investor Relations section of our website at Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements, except as required by law. 2

3 Perspectives on Offshore Drilling Why Invest in Ensco? 3

4 Offshore Drilling is a Cyclical Industry 100% Global Fleet Utilization Offshore drilling is highly cyclical with six significant upcycles 1 since 1985 Average length of upcycle: 26 months 90% 80% 70% +70 rigs 34 months +53 rigs 17 months +118 rigs 22 months +82 rigs 28 months +195 rigs 40 months Average increase in contracted rig count: 24% During the same period there has been six major downcycles Average decrease in contracted rig count: 21% 60% +103 rigs 17 months Most recent downcycle was particularly severe, with contracted rig count declining 38% 50% Expect offshore recovery to be protracted and phased Current contracted rig count ~4% higher than Jan lows Source: IHS Markit RigPoint as of March Significant upcycle defined as a 10%+ increase in the number of contracted rigs 4

5 Utilization of Offshore Drilling Rigs Driven by Customer Spending 100 Offshore Drilling Rig Utilization & E&P Capex 40 Customers offshore project expenditures significantly impact global rig utilization Global rig utilization has generally moved in line with the rate of change in customer spending over time Global Fleet Utilization (%, left axis) Change in E&P Offshore Capex (2Y rolling avg %, right axis) While nominal offshore capital expenditures are expected to bottom in 2018, aggregate offshore capital expenditures are forecast to grow at ~10% compound annual rate through 2027 Source: IHS Markit RigPoint, Rystad Energy 5

6 Offshore Production Critical to Meeting Future Global Energy Demand Offshore Oil Production 1 mm bbl/day ~5.5 million bbl/day Source: Rystad Energy, IHS Markit Strategic Horizons 1 Offshore oil production defined as oil, NGL & other liquids production Offshore production represents ~30% of global production Current production levels driven by historical investment with increased spending needed to meet future oil demand and replace production depletion Average annual depletion rates of ~11% and ~4% for deep- and shallow-water production, respectively Average time from FID to first production of ~50 months for deepwater projects and ~20 months for shallow-water projects 6

7 Higher Oil Prices Support Increased Offshore Project Sanctioning Offshore Project Approvals & Oil Prices Offshore FIDs (#, left axis) Brent Crude Oil Avg Price ($/bbl, right axis) Average Offshore Breakeven Oil Prices Brent crude oil prices have more than doubled from 2016 lows, exceeding $60/bbl During 2017, offshore project sanctioning as measured by FID approval more than doubled 2016 levels $27 $33 $/bbl $20 - $40 < $40 < $40 < $40 Many offshore projects are economic at breakeven oil prices well below current levels Statoil Respol Chevron Petrobras Shell Maersk Pre-FID Norwegian Shelf Projects Pre-FID Shallow- Water Projects Brownfield US GOM Deepwater Projects Pre-FID Pre-Salt Projects Pre-FID Deepwater Projects Acquired Maersk portfolio Source: AllianceBernstein, FactSet, Rystad Energy, IHS Strategic Horizons; Statoil 7 February 2017 Capital Markets Day; Repsol 23 February 2017 earnings conference call; Chevron 29 April 2016 earnings conference call; Petrobras CEO Pedro Parente via Bloomberg 10 October 2016; Shell 2 February 2017 earnings conference call; Maersk 8 February 2017 earnings conference call 7

8 Fixtures and Contracted Rig Years For Floaters and Jackups Have Increased Floaters High Spec Jackups Fixtures (#, left axis) Rig Years (#, right axis) Fixtures (#, left axis) Rig Years (#, right axis) Source: IHS Markit RigPoint 1 High-spec jackup defined as jackups with water depth rating of 350 ft. or greater 8

9 High-Spec Assets and Established Well-Capitalized Drillers Winning Higher Percentage of New Work Jackup + Floater Contract Awards Percentage of Total New Contracts Awarded 70% 60% High-specification rigs are winning a higher percentage of new contracts as customer demand is increasing 50% 40% 30% 20% 10% Approximately 20% of global supply is owned by established well-capitalized drillers, which won more than 30% of new contracts awarded during % % High-Spec Rigs % Established Well-Capitalized Drillers Source: IHS Markit RigPoint Percentage of New Contracts Awarded is calculated on a trailing six-month basis High-Spec includes fixtures classified by IHS as new mutual and with the following market categories: Drillship > 7500, Drillship Harsh Deepwater, Semi > 7500, Semi Harsh Deepwater, Semi Harsh High Spec, Semi Harsh Standard, JU IC, JU >400 IC, JU Harsh Standard, JU Harsh High Spec. Established Well-Capitalized Drillers include ESV, RIG, DO, NE and RDC 9

10 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Increasing Customer Activity has Led to Improved Utilization 100% 90% 80% Global Fleet Utilization Utilization of offshore rigs has stabilized since reaching bottom in late 2016 and increased modestly during 2017 after nearly three years of declines 70% 60% 50% Recent improvements in both total and marketed utilization are due in part to a higher number of contracted rigs Total Marketed Source: IHS Markit RigPoint as of March

11 Substantial Portion of Current Global Supply are Retirement Candidates Delivered Rigs Global Rig Fleet Floaters Jackups Under Contract Future Contract Idle / Stacked Marketed Fleet Non-Marketed Total Fleet Marketed Utilization 73% 71% Total Utilization 57% 61% Newbuild Rigs Uncontracted Build in Brazil / China Total Newbuilds ~60 floaters 1 could be candidates for retirement based on age and contract expirations ~180 jackups 2 could be retired as expiring contracts and survey costs lead to the removal of older rigs from drilling supply Uncontracted newbuilds expected to be delayed further, while several newbuilds in Brazil and China are unlikely to join the global fleet Source: IHS Markit RigPoint as of March Includes floaters >30 years of age that are idle without follow-on work or have contracts expiring before year-end 2018 without follow-on work and floaters 15 to 30 years of age that have been idle for more than two years and without follow-on work 2 Includes jackups >30 years of age that are idle without follow-on work or have contracts expiring before year-end 2018 without follow-on work and jackups 15 to 30 years of age that have been idle for more than two years and without follow-on work 11

12 Retirements Expected to Lead to Future Supply Contraction 259 Current Total Supply 4 Uncontracted Build in Brazil Newbuilds 1 Newbuilds 2 Illustrative Floater Supply >30yrs idle w/o future contract -17 >30yrs rolling off contract by YE yrs idle for over 2yrs 233 Illustrative Total Supply 21 Nonmarketed 212 Illustrative Marketed Supply The global floater count could decline by 26 rigs, or 10%, if adjusted for likely retirements and newbuild deliveries Excluding another 21 floaters that are not currently marketed, illustrative marketed supply of 212 compares to contracted floater count of Current Total Supply 40 Chinese Newbuilds 3 Illustrative Jackup Supply Uncontracted Newbuilds >30yrs idle w/o future contract -61 >30yrs rolling off contract by YE yrs idle for over 2yrs Illustrative Total Supply Nonmarketed Illustrative Marketed Supply When adjusting for likely retirements and newbuilds the jackup count could decline by 112 rigs, or 21% Excluding another 17 jackups that are not currently marketed, illustrative marketed supply of 402 compares to contracted jackup count of 325 Source: IHS Markit RigPoint as of March 2018, Ensco analysis 1 Build in Brazil newbuilds exclude 10 rigs that are unlikely to be delivered 2 Uncontracted newbuilds exclude 1 rig on order and not currently under construction 3 Assumes 65% of Chinese newbuilds enter the global supply 12

13 Perspectives on Offshore Drilling Why Invest in Ensco? 13

14 The Offshore Driller of Choice High-Quality Rig Fleet Safety & Operational Excellence - Largest fleet in the sector - Diversified fleet with exposure to shallow- and deep-water segments - Safety metrics consistently better than industry average¹ - 99% fleet-wide operational utilization in 2017² Solid Financial Position - $3.2 billion 5 of liquidity - $308 million of debt maturities to Systems, Processes & Intellectual Property - Significant improvement in subsea equipment related downtime since recent patent filings 3 Broad Global Footprint & Customer Base 8 consecutive years rated #1 in total satisfaction among offshore drillers 4 1 IADC industry statistics as of 4Q17 2 Operational utilization is adjusted for uncontracted rigs and planned downtime 3 Includes provisional and non-provisional patent filings completed or in progress since 1Q15 4 Independent industry survey by EnergyPoint Research 5 4Q 2017 results adjusted for the issuance of $1B unsecured notes in January 2018, cash tender offers for 2019, 2020 and 2021 notes, and redemption of 2019 notes finalized in February

15 High-Quality Rig Fleet Diverse Fleet Capable of Meeting a Broad Spectrum of Customers Well Program Requirements Ultra-Deepwater Drillships Versatile Semisubmersibles Premium Jackups Total Rigs: Includes two drillships and one jackup under construction, excludes managed rigs and rigs announced for retirement 15

16 Fleet Renewal Strategy Has Improved Our Ability to Meet Customer Demand 17% 13% 20% 50% Fleet Composition 30% Newbuild Deliveries Acquired Assets Divestitures 34% 31% 7% 65% Fleet repositioned to focus on newest, most technically-capable assets while maintaining exposure to both shallow- and deepwater markets 65% of fleet is now a 6 th generation or greater floater or a modern highspecification jackup, up significantly from just 30% prior to the industry downturn G+ Floaters Post-2002 Jackups 2G-5G Floaters 28% Current Pre-2002 Jackups Rebalanced fleet better enables us to meet customer demand for highest-specification assets 16

17 Highlights of Select Premium Assets Technical Specifications 12,000 water depth & 40,000 total drilling depth rating Dual 7-Ram BOPs Dual 2.5 million lb. derricks Importance to Customers Water depth rating and total drilling depth enable rig to operate in the most challenging ultra-deepwater environments Second BOP reduces flat time between wells, and 7 th Ram optimizes well control, safety and redundancy as well as saving time during testing Dual derricks allow the rig to conduct simultaneous activities, reducing customers project time and costs, while higher hookload capacity increases a rigs ability to drill/complete deeper, more complex wells Technical Specifications Moored/dynamicallypositioned configuration Proprietary ENSCO 8500 Series design Managed pressure drilling ready Importance to Customers Added flexibility for programs that straddle both shallow- and deep-water Flexible deck space well-suited for plug-and-abandon and intervention work Increased drilling efficiency for complex wells, plus monitoring and response capabilities to mitigate the risk of well-control incidents Total Rigs: Technical Specifications 40,000 total drilling depth & 2.5 million pound quad derrick Patented Canti-Leverage Advantage SM technology Automated drill floor Importance to Customers Top-tier hoisting capacity allows for drilling of long-reach wells Enhanced hoisting capacity at the farthest reaches of the cantilever leads to fewer rig moves Greater automation allows offline activities to be completed while continuing to drill 17

18 Proprietary Solutions to Industry Challenges Industry Challenges Equipment Maintenance Equipment maintenance can be intrusive and untimely, requiring disassembly and downtime Time-based maintenance can lead to extra costs when parts are replaced before the end of their useful life Reliability-Based Maintenance Proprietary Solutions Ensco is transitioning to a reliability-based maintenance model through in-house development of systems that apply real-time monitoring, machine learning and predictive analysis to drilling equipment The Ensco Predictive Intelligence Center increases operational uptime and decreases lifecycle costs by optimizing asset selection and maintenance activities The Ensco Asset Management System has contributed to a 70% improvement in subsea equipment-related downtime 1 Going on Location Going-on-location conditions have traditionally been determined using estimates of wave movements, which is commonly conservative and can cause unnecessary downtime while waiting-on-weather PinSAFE System Proprietary technology collects and analyzes real-time motions data of a floating jackup to determine if conditions are suitable for lowering legs to seabed Significant cost savings by optimizing jackup moves and reducing downtime spent waiting on weather Improves safety by removing the need for human interpretation, ensuring consistent adherence to accepted level of risk when going-on-location 1 Reduction in subsea equipment-related downtime over total operating hours for floaters during 2016 & 2017 as compared to

19 Safety & Operational Excellence Safety and Operational Performance Provides Competitive Advantage and Benefits Financial Results % Total Recordable Incident Rate 1 Industry Ensco Fleet-Wide Operational Utilization 2 95% 96% 1 IADC industry statistics as of 4Q17 2 Operational utilization is adjusted for uncontracted rigs and planned downtime 3 Based on 2017 annual revenue 99% 99% Critical to customers, in particular for complex well programs Safety metrics consistently better than industry averages Improved safety and operational results each successive year during industry downturn 1% improvement in operational utilization increases annual revenue by approximately $20 million 3 19

20 Solid Financial Position Strong Balance Sheet Provides Financial Flexibility Customers want financially strong counter-parties that are able to: Maintain rigs Provide stable operations Fulfill long-term contracts Flexibility to make selective investments in: Technology & innovation Opportunistic asset enhancements & high-grading Pro Forma Financial Position 31 December $3.2 billion of liquidity $1.2 billion of cash and short-term investments $2.0 billion revolving credit facility $2.8 billion of contract revenue backlog $3.9 billion of net debt & 31% net debt-to-capital ratio 2 Source: Company Filings 1 Pro forma financial position after the issuance of $1B unsecured notes in January 2018, cash tender offers for 2019, 2020 and 2021 notes, and redemption of 2019 notes finalized in February Net debt is a non-gaap financial measure and should be considered as a supplement to, and not as a substitute for, or superior to, financial measures prepared in accordance with GAAP. Net debt-to-capital is calculated as follows: long-term debt of $5.1 billion, less $1.2 billion of cash and short-term investments, divided by the sum of long-term debt of $5.1 billion plus shareholders equity of $8.7 billion, minus $1.2 billion of cash and short-term investments. 20

21 Manageable Debt Maturities in Light of Strong Balance Sheet & Liquidity $ millions $3,165 Available Revolver 2 Cash & ST $2,003 $308 million of Maturities Before 2024 $1,805 $850 Other Considerations Undrawn revolver extends beyond all nearterm debt maturities No secured debt in capital structure Generated ~$300M of net proceeds from asset sales since year-end 2013 ~$480M of newbuild commitments remaining 3 $1,000 $1,001 Inv. 1 $1,162 $194 $114 $955 $669 $150 $300 Liquidity Cash & Short-Term Investments Revolving Credit Facility Senior Notes Convertible Senior Notes Source: Company Filings 1 4Q 2017 cash and short-term investments adjusted to reflect values after the issuance of $1B unsecured notes in January 2018, cash tender offers for 2019, 2020 and 2021 notes, and redemption of 2019 notes finalized in February Borrowing capacity under revolving credit facility is $2.0B through September 2019, $1.3B from October 2019 through September 2020 and $1.2B from October 2020 through September Includes $207 million for jackup ENSCO 123 that was paid in January

22 Global Footprint with Diverse Customer Base Customer Base Spans Majors, National Oil Companies and Independents North Sea Mediterranean Southeast Asia Gulf of Mexico West Africa Middle East Brazil Australia Note: Certain customers may not currently have backlog 22

23 Higher Levels of Customer Activity Have Led to Increased Contract Awards As Customer Activity Increases, Ensco Has Won More New Contracts 1 Than Any Offshore Driller 15% 7% Percentage of New Contracts Awarded during % 6% Ensco Company 1 Company 2 Company 3 Company 4 Company 5 Company 6 4% 4% 3% New contracts have added more than 23 rig years 2 to Ensco s backlog Diverse rig fleet and global footprint have led to floater and jackup contracts across several regions Won approximately 18% of all ultra-deepwater contracts in 2017 Four drillship contracts awarded during 3Q17 Source: IHS Markit RigPoint; Ensco analysis Note: Independent companies with most new contract awards include Aban Offshore, Maersk Drilling, Noble, Paragon Offshore, Shelf Drilling and Transocean 1 Calculated by dividing the number of rig years contracted by Ensco for fixtures classified as New Mutual in IHS Markit RigPoint (approximately 35) by the corresponding industry-wide total (approximately 237) 2 Calculated based on date of contract execution; number of rig years awarded differs from totals in industry databases due to timing delay between date of contract execution and public disclosure of new contracts in certain cases. 23

24 $125K Jackup Dayrates $100K $75K High-Quality Fleet Provides Meaningful Cash Flow in Market Recovery Scenario Historical Average Day Rates Illustrative Annual EBITDA 1 Contribution from Modern High-Specification Assets ($ millions) 500 $K/day $450K/day Floater Dayrates 400 $250K $350K $450K 300 $250K/day 818 1,546 2, $125K/day 983 1,711 2,439 0 $75K/day ,147 1,876 2,604 Floaters Jackups Based on historical build costs, an average day rate of $465K for floaters and $150K for jackups would be needed to meet a 15% unlevered internal rate of return 2 Since 2000, the average build costs for floaters was ~$665 million, while jackups averaged ~$200 million Ensco s modern high-specification assets can generate meaningful cash flow for debt service and capital commitments in normalized day rate environment Source: IHS Markit RigPoint 1 Fleet includes 21 6G+ floaters and 19 jackups delivered in 2002 or later. EBITDA calculated using illustrative dayrates and a 95% utilization assumption less average opex of $150K/day for a floater and $50K/day for a jackup over 365 days. 2 Simplified discounted cash-flow analysis assumes 35-year useful life, average opex of $150K/day, $5 million of annual maintenance costs, $10 million of survey costs every five years for floaters; and 30-year useful life, average opex of $50K/day, $2.5 million of annual maintenance costs, $7 million of survey costs every five years for jackups; and 95% operational utilization. Analysis excludes debt service costs, shore-based support costs, taxes, and assumes no residual value at the end of the asset life. 24

25 Summary Offshore sector has entered a different point in the cycle Brent crude prices have increased significantly from cyclical lows Stabilization in oil prices has led to higher levels of offshore project sanctioning with the expectation that this trend continues Offshore rig utilization to benefit from increasing customer demand and attrition of older, less capable assets from the global fleet Customer preference for high-specification assets and established well-capitalized drillers Ensco s strengths provide competitive advantage during market recovery High-quality rig fleet and track record of safety and operational performance ahead of industry averages Technology and innovation improve operational results and augment service offering Solid financial position bolstered by one of the strongest liquidity positions in the offshore drilling sector Global footprint and diverse customer base Leader in new contract awards as customer activity has increased Fleet provides meaningful cash generation in market recovery scenario 25

26 26

Investor Presentation. February 2018

Investor Presentation. February 2018 Investor Presentation February 208 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning of Section

More information

Investor Presentation. April 2018

Investor Presentation. April 2018 Investor Presentation April 208 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning of Section

More information

Wells Fargo Securities 2 nd Annual West Coast Energy Conference. June 2017

Wells Fargo Securities 2 nd Annual West Coast Energy Conference. June 2017 Wells Fargo Securities 2 nd Annual West Coast Energy Conference June 2017 1 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking

More information

Investor Presentation. October 2018

Investor Presentation. October 2018 Investor Presentation October 208 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning of Section

More information

Astrup Fearnley Shipping & Offshore Conference. 10 January 2019

Astrup Fearnley Shipping & Offshore Conference. 10 January 2019 Astrup Fearnley Shipping & Offshore Conference 0 January 209 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within

More information

Pareto s Annual Oil & Offshore Conference

Pareto s Annual Oil & Offshore Conference Pareto s Annual Oil & Offshore Conference Daniel W. Rabun Chairman, President & CEO 31 August 2011 1 Forward-Looking Statements Statements contained in this presentation that are not historical facts are

More information

Sanford Bernstein Strategic Decisions Conference. May 2014

Sanford Bernstein Strategic Decisions Conference. May 2014 Sanford Bernstein Strategic Decisions Conference May 2014 1 Forward-Looking Statements Statements made today that are not historical facts are forward-looking statements within the meaning of Section 27A

More information

Sanford Bernstein Strategic Decisions Conference. May 2013

Sanford Bernstein Strategic Decisions Conference. May 2013 Sanford Bernstein Strategic Decisions Conference May 2013 1 Forward-Looking Statements Statements made today that are not historical facts are forward-looking statements within the meaning of Section 27A

More information

Goldman Sachs Global Energy Conference. January 2014

Goldman Sachs Global Energy Conference. January 2014 Goldman Sachs Global Energy Conference January 2014 1 Forward-Looking Statements Statements made today that are not historical facts are forward-looking statements within the meaning of Section 27A of

More information

Mid-Atlantic Investor Meetings. February 2013

Mid-Atlantic Investor Meetings. February 2013 Mid-Atlantic Investor Meetings February 2013 1 Forward-Looking Statements Statements made today that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities

More information

Pareto Securities 20 th Annual Oil & Offshore Conference. Dan Rabun, Chairman & CEO. 4 September 2013

Pareto Securities 20 th Annual Oil & Offshore Conference. Dan Rabun, Chairman & CEO. 4 September 2013 Pareto Securities 20 th Annual Oil & Offshore Conference Dan Rabun, Chairman & CEO 4 September 2013 1 Forward-Looking Statements Statements made today that are not historical facts are forward-looking

More information

Scotia Howard Weil Energy Conference. 26 March 2019

Scotia Howard Weil Energy Conference. 26 March 2019 Scotia Howard Weil Energy Conference March 09 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning

More information

Investor Presentation. July 2016

Investor Presentation. July 2016 Investor Presentation July 2016 1 Forward-Looking Statements Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of

More information

Howard Weil Energy Conference

Howard Weil Energy Conference Howard Weil Energy Conference Dan Rabun Chairman, President and CEO 27 March 2012 1 Forward-Looking Statements Statements contained in this press release that are not historical facts are forward-looking

More information

Noble Corporation. Don Jacobsen Senior Vice President Industry & Government Relations Marine/Offshore Industry Conference 29 March 2012

Noble Corporation. Don Jacobsen Senior Vice President Industry & Government Relations Marine/Offshore Industry Conference 29 March 2012 Noble Corporation Don Jacobsen Senior Vice President Industry & Government Relations 20 Marine/Offshore Industry Conference 29 March 202 Forward Looking Statement These presentations contain forward-looking

More information

September 12,

September 12, September 12, 2013 www.deepwater.com The statements described in this presentation that are not historical facts are forward looking statements within the meaning of Section 27A of the Securities Act of

More information

Investor Presentation

Investor Presentation Connecting What s Needed with What s Next Investor Presentation September 2017 Forward-Looking Statements Statements we make in this presentation that express a belief, expectation, or intention are forward

More information

Credit Suisse Energy Summit Transocean Ltd.

Credit Suisse Energy Summit Transocean Ltd. Credit Suisse Energy Summit Transocean Ltd. February 7, 2012 1 Legal Disclaimer The statements described in this presentation that are not historical facts are forward-looking statements within the meaning

More information

Drilling Market Outlook

Drilling Market Outlook 7 th Annual Latin America Ship & Offshore Finance Forum Rio de Janeiro - September 16, 2010 Drilling Market Outlook Tom Kellock Today s agenda 1. Impact on Brazil of Macondo Incident 2. Operating Costs

More information

Rod Larson President & CEO

Rod Larson President & CEO Connecting What s Needed with What s Next Rod Larson President & CEO J.P. Morgan Energy Equity Conference June 27, 2017 New York, NY Forward-Looking Statements Statements we make in this presentation that

More information

Forward-Looking Statement

Forward-Looking Statement 1 Forward-Looking Statement The statements described in this presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and

More information

Capital One Securities, Inc.

Capital One Securities, Inc. Capital One Securities, Inc. 10 th Annual Energy Conference December 9, 2015 New Orleans, LA Alan R. Curtis SVP and Chief Financial Officer Oceaneering International, Inc. Safe Harbor Statement Statements

More information

Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications

Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications Jefferies Global Energy Conference Houston, Texas November, 204 2 Forward Looking Statement This presentation contains

More information

The Future of Offshore Drilling: Beyond Ultra Deep. Chris Beckett, CEO Pacific Drilling S.A. September 22, 2014

The Future of Offshore Drilling: Beyond Ultra Deep. Chris Beckett, CEO Pacific Drilling S.A. September 22, 2014 The Future of Offshore Drilling: Beyond Ultra Deep Chris Beckett, CEO Pacific Drilling S.A. September 22, 2014 Pacific Drilling: Committed to being the Preferred Ultra Deepwater Driller Only 100% high

More information

What Is Different about the Ultra- Deepwater Market This Time? Chris Beckett, CEO Pacific Drilling. May 2, 2012

What Is Different about the Ultra- Deepwater Market This Time? Chris Beckett, CEO Pacific Drilling. May 2, 2012 What Is Different about the Ultra- Deepwater Market This Time? Chris Beckett, CEO Pacific Drilling May 2, 2012 Disclaimer This presentation contains statements that express opinions, expectations, beliefs,

More information

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. September 30, 2014 New Orleans, LA. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. September 30, 2014 New Orleans, LA. Safe Harbor Statement September 30, 2014 New Orleans, LA Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation,

More information

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. Safe Harbor Statement July 1, 2015 - Houston, TX Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation, or

More information

Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc.

Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc. 2009 Energy, Utilities & Power Conference May 27, 2009 Marvin J. Migura Sr. Vice President & CFO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express

More information

Morgan Stanley Houston Energy Summit

Morgan Stanley Houston Energy Summit Morgan Stanley Houston Energy Summit February 25, 2014 Forward-Looking Statements This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could cause

More information

Transition PPT Template. J.P. Morgan. June 2015 V 3.0. Energy Equity Conference June 27, 2017

Transition PPT Template. J.P. Morgan. June 2015 V 3.0. Energy Equity Conference June 27, 2017 Transition PPT Template J.P. Morgan June 2015 V 3.0 Energy Equity Conference 2017 June 27, 2017 Forward-Looking Statements This presentation contains forward-looking statements, including, in particular,

More information

Alan R. Curtis Chief Financial Officer

Alan R. Curtis Chief Financial Officer Connecting What s Needed with What s Next Alan R. Curtis Chief Financial Officer Jefferies Energy Conference November 28, 2017 Houston, TX Forward-Looking Statements Statements we make in this presentation

More information

Halliburton and Baker Hughes Creating the leading oilfield services company

Halliburton and Baker Hughes Creating the leading oilfield services company Halliburton and Baker Hughes Creating the leading oilfield services company Halliburton Investor Relations Contacts: Kelly Youngblood, Vice President Scott Danby, Manager 281.871.2688 or investors@halliburton.com

More information

Moving Boundaries Within Offshore Drilling Pareto's 18th annual Oil & Offshore Conference, Oslo, 31 th August 2011

Moving Boundaries Within Offshore Drilling Pareto's 18th annual Oil & Offshore Conference, Oslo, 31 th August 2011 Moving Boundaries Within Offshore Drilling Pareto's 18th annual Oil & Offshore Conference, Oslo, 31 th August 2011 Michael Boysen Nielsen Maersk Drilling Maersk Drilling s Strategy Maersk Drilling will

More information

M. Kevin McEvoy. Oceaneering International, Inc. President & CEO. December 2, 2014 New York, NY. Safe Harbor Statement

M. Kevin McEvoy. Oceaneering International, Inc. President & CEO. December 2, 2014 New York, NY. Safe Harbor Statement December 2, 2014 New York, NY M. Kevin McEvoy President & CEO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief, expectation, or intention

More information

2Q 2016 Results. Mermaid Maritime Plc. August 2016

2Q 2016 Results. Mermaid Maritime Plc. August 2016 Mermaid Maritime Plc 2Q 2016 Results August 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to

More information

Simmons & Company International European Energy Conference 2013

Simmons & Company International European Energy Conference 2013 Simmons & Company International European Energy Conference 2013 September 27, 2013 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of

More information

Head of Strategy & Relations - Michael Harboe-Jørgensen. 16 June 2014, Lindø Industrial Park, Denmark

Head of Strategy & Relations - Michael Harboe-Jørgensen. 16 June 2014, Lindø Industrial Park, Denmark Company presentation Head of Strategy & Relations - Michael Harboe-Jørgensen Mærsk Gallant site visit 16 June 2014, Lindø Industrial Park, Denmark page 2 Legal notice This presentation contains certain

More information

M. Kevin McEvoy. Oceaneering International, Inc. Chief Executive Officer 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY

M. Kevin McEvoy. Oceaneering International, Inc. Chief Executive Officer 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY 2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY M. Kevin McEvoy Chief Executive Officer Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation

More information

Global provider of diversified services and products in all phases of the offshore oilfield life cycle

Global provider of diversified services and products in all phases of the offshore oilfield life cycle Investor Presentation January 2017 Forward-Looking Statements Statements we make in this presentation that express a belief, expectation, or intention are forward looking. Forward-looking statements are

More information

Marvin J. Migura. Oceaneering International, Inc. Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL. Safe Harbor Statement

Marvin J. Migura. Oceaneering International, Inc. Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL. Safe Harbor Statement Global Hunter Securities 100 Energy Conference June 24, 2014 Chicago, IL Marvin J. Migura Executive Vice President Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation

More information

The Offshore Driller of Choice

The Offshore Driller of Choice The Offshore Driller of Choice As the offshore driller of choice, we will go beyond what is expected to achieve a safe zero-incident workplace and to be the clear choice among employees, customers and

More information

Analyst Day Real change starts here. Doug Pferdehirt, Chief Executive Officer

Analyst Day Real change starts here. Doug Pferdehirt, Chief Executive Officer 2017 Real change starts here Doug Pferdehirt, Chief Executive Officer Disclaimer Forward-looking statements We would like to caution you with respect to any forward-looking statements made in this commentary

More information

GLOBAL RIG AND OFFSHORE CONSTRUCTION MARKETS

GLOBAL RIG AND OFFSHORE CONSTRUCTION MARKETS Information Analytics Expertise OCTOBER 214 GLOBAL RIG AND OFFSHORE CONSTRUCTION MARKETS Slowdown on all fronts? Evgenia Kukina, Sr. Product Manager +44 ()231 593 38 Evgenia.kukina@ihs.com BLACK SEA OFFSHORE

More information

Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case

Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc November 9, 2016 Let s make the future Royal Dutch Shell November 9, 2016 Harry Brekelmans

More information

The Offshore Driller of Choice

The Offshore Driller of Choice The Offshore Driller of Choice 1 of 8 As the offshore driller of choice, we will go beyond what is expected to achieve a safe zero-incident workplace and to be the clear choice among employees, customers

More information

Acquisition of GEODynamics. December 13, 2017

Acquisition of GEODynamics. December 13, 2017 Acquisition of GEODynamics December 13, 2017 Forward-looking Statements We include the following cautionary statement to take advantage of the "safe harbor" provisions of the Private Securities Litigation

More information

3Q 2016 Results. Mermaid Maritime Plc. 14 November 2016

3Q 2016 Results. Mermaid Maritime Plc. 14 November 2016 Mermaid Maritime Plc 3Q 2016 Results 14 November 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed

More information

Presenter: John T. Gremp President and Chief Operating Officer. February 2011

Presenter: John T. Gremp President and Chief Operating Officer. February 2011 Presenter: John T. Gremp President and Chief Operating Officer February 2011 Director, Investor Relations Robert K. Cherry +1 281 591 4560 rob.cherry@fmcti.com These slides and the accompanying presentation

More information

PACIFIC DRILLING S.A.

PACIFIC DRILLING S.A. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date of Report:

More information

QUARTERLY UPDATE. Summary

QUARTERLY UPDATE. Summary QUARTERLY UPDATE Q1 FY14 Summary Production levels consistent with designed plant capacity Current order backlog of US$86 million which will support full production until the beginning of Q4 FY14 Strong

More information

1Q 2016 Results. Mermaid Maritime Plc. May 23, 2016

1Q 2016 Results. Mermaid Maritime Plc. May 23, 2016 Mermaid Maritime Plc 1Q 2016 Results May 23, 2016 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to

More information

Global Jackup Rig Market

Global Jackup Rig Market Global Jackup Rig Market ----------------------------------------- 2015 Executive Summary Jackup rigs are deployed in all major offshore production basins but are particularly numerous in the Middle East,

More information

Microequities 10th Microcap Conference

Microequities 10th Microcap Conference Microequities 10th Microcap Conference MATRIX COMPOSITES & ENGINEERING Aaron Begley Chief Executive Officer 5 July 2016 Agenda Company overview Business operations Strategy & outlook 2 What we do Matrix

More information

MTS Outlook Conference Equipment Manufacturers and Supplies. March 26, 2015

MTS Outlook Conference Equipment Manufacturers and Supplies. March 26, 2015 MTS Outlook Conference Equipment Manufacturers and Supplies March 26, 2015 Oil and Gas Industry Trends Increased Globalization- Top 400 Oil & Gas Projects Deepwater, Unconventional Resource Plays, Canadian

More information

KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018

KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn

More information

ENSCO 8500 Series. 11 April Mark Burns Senior Vice President Western Hemisphere. David Hensel Vice President North and South America

ENSCO 8500 Series. 11 April Mark Burns Senior Vice President Western Hemisphere. David Hensel Vice President North and South America 8500 Series Mark Burns Senior Vice President Western Hemisphere David Hensel Vice President North and South America 11 April 2012 1 Strategy Addressing Heart of the Deepwater Market Cost-effective design

More information

Confirms 2013 Financial Guidance

Confirms 2013 Financial Guidance Confirms 2013 Financial Guidance PROVIDENCE, R.I.--(BUSINESS WIRE)--Jul. 17, 2013-- Textron Inc. (NYSE: TXT) today reported second quarter 2013 income from continuing operations of $0.40 per share, compared

More information

Investor Relations Presentation April 30, 2013

Investor Relations Presentation April 30, 2013 Investor Relations Presentation April 30, 2013 FORWARD LOOKING STATEMENTS In addition to the historical data contained herein, this document may include forward-looking statements regarding the future

More information

GC RIEBER SHIPPING ASA. /FOURTH QUARTER 2012 PRESENTATION Fourth quarter 2012 Bergen, 22 February Bergen, 25 February 2013

GC RIEBER SHIPPING ASA. /FOURTH QUARTER 2012 PRESENTATION Fourth quarter 2012 Bergen, 22 February Bergen, 25 February 2013 /FOURTH QUARTER 2012 PRESENTATION Fourth quarter 2012 Bergen, 22 February 2013 Bergen, 25 February 2013 Agenda Highlights Q4 2012 Operational review Financial review Summary Outlook / 2 Highlights Fourth

More information

2Q 2017 Results. 11 Aug 2017 MERMAID MARITIME PUBLIC COMPANY LIMITED

2Q 2017 Results. 11 Aug 2017 MERMAID MARITIME PUBLIC COMPANY LIMITED MERMAID MARITIME PUBLIC COMPANY LIMITED 2Q 2017 Results 11 Aug 2017 1 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated

More information

KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017

KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017 KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform December 2017 Strategic BDC Partnership Introduction On December 11, 2017, KKR and FS Investments

More information

DNB's 9th Annual Oil, Offshore & Shipping Conference Kristian Siem Chairman Subsea 7

DNB's 9th Annual Oil, Offshore & Shipping Conference Kristian Siem Chairman Subsea 7 DNB's 9th Annual Oil, Offshore & Shipping Conference Kristian Siem Chairman Subsea 7 1 Forward-looking statements Certain statements made in this announcement may include forward-looking statements. These

More information

BRAZIL ENERGY AND POWER CONFERENCE. Americo Oliveira McDermott Brazil General Manager September 20, 2015

BRAZIL ENERGY AND POWER CONFERENCE. Americo Oliveira McDermott Brazil General Manager September 20, 2015 BRAZIL ENERGY AND POWER CONFERENCE Americo Oliveira McDermott Brazil General Manager September 20, 2015 Forward-Looking Statement In accordance with the Safe Harbor provisions of the Private Securities

More information

The statements described in this presentation that are not historical facts are forward looking statements within

The statements described in this presentation that are not historical facts are forward looking statements within 1 The statements described in this presentation that are not historical facts are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities

More information

FMC Technologies Overview Fourth Quarter Director, Investor Relations Matt Seinsheimer

FMC Technologies Overview Fourth Quarter Director, Investor Relations Matt Seinsheimer FMC Overview Fourth Quarter 2016 Director, Investor Relations Matt Seinsheimer +1 281.260.3665 matthew.seinsheimer@fmcti.com This presentation contains forward-looking statements intended to qualify for

More information

4 th Quarter Earnings Conference Call

4 th Quarter Earnings Conference Call 4 th Quarter Earnings Conference Call KKR & Co. Inc. Investor Update February 1, 2019 Key Metrics Assets Under Management Management Fees ($ in billions) ($ in millions) $195 $1,069 $168 $905 $100 $107

More information

Textron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance

Textron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance Corporate Communications Department NEWS Release Textron Reports Third Quarter 2018 Results; Narrows Full-Year EPS and Cash Guidance $468 million returned to shareholders through share repurchases Completed

More information

QUARTERLY UPDATE Q2 FY13

QUARTERLY UPDATE Q2 FY13 QUARTERLY UPDATE Q2 FY13 Summary Current order book increased by 51 per cent Quotes remain at near record highs Launch of new high impact resistant centralisers Reconfigured plant shift roster and operational

More information

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC Operational Intelligence to Deliver Smart Solutions Presented by John de Koning DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas

More information

Second Quarter 2013 Results August 1, 2013

Second Quarter 2013 Results August 1, 2013 Second Quarter 203 Results August, 203 2 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained in this presentation that are not historical facts are forward-looking

More information

4 th Quarter Earnings Conference Call

4 th Quarter Earnings Conference Call 4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 8, 2018 4Q17 Reflections Fundamentals Are Strong (Dollars in millions, except per unit amounts and unless otherwise stated)

More information

Operational Intelligence to deliver Smart Solutions

Operational Intelligence to deliver Smart Solutions Operational Intelligence to deliver Smart Solutions Presented by John de Koning Shell Global Solutions DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means

More information

T. Jay Collins. President & CEO Oceaneering International, Inc Energy Conference December 7, 2010 New Orleans, LA. Safe Harbor Statement

T. Jay Collins. President & CEO Oceaneering International, Inc Energy Conference December 7, 2010 New Orleans, LA. Safe Harbor Statement 2010 Energy Conference December 7, 2010 New Orleans, LA T. Jay Collins President & CEO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a belief,

More information

In the quarter, Textron returned $344 million to shareholders through share repurchases, compared to $186 million in the first quarter of 2017.

In the quarter, Textron returned $344 million to shareholders through share repurchases, compared to $186 million in the first quarter of 2017. Corporate Communications Department NEWS Release Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million

More information

Textron Reports First Quarter 2016 Income from Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook

Textron Reports First Quarter 2016 Income from Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook Textron Reports First Quarter 2016 Income Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook April 20, 2016 06:30 AM Eastern Daylight Time PROVIDENCE, R.I.--(BUSINESS

More information

Textron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1%

Textron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1% Textron Reports Third Quarter Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1% 10/17/ PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported third

More information

WELLVANTAGE REMOTE OPERATIONS DEEPWATER

WELLVANTAGE REMOTE OPERATIONS DEEPWATER WELLVANTAGE REMOTE OPERATIONS DEEPWATER (FORMALLY RTOC) National Academy of Sciences Workshop April 21 st 22 nd Barry Gaston RTOC Team Lead DEFINITIONS AND CAUTIONARY NOTE The companies in which Royal

More information

ATP Oil & Gas Corporation. Advanced Asset Acquisition and Divestiture in Oil & Gas. April 26-27, Gerald W. Schlief, Senior Vice President

ATP Oil & Gas Corporation. Advanced Asset Acquisition and Divestiture in Oil & Gas. April 26-27, Gerald W. Schlief, Senior Vice President ATP Oil & Gas Corporation Advanced Asset Acquisition and Divestiture in Oil & Gas April 26-27, 2006 Gerald W. Schlief, Senior Vice President Forward Looking Statement Certain statements included in this

More information

A Rebirth in the North Sea or simply a False Dawn

A Rebirth in the North Sea or simply a False Dawn The North Sea has seen record levels of investment in 2012 and 2013 Drilling activity is forecast to increase in the coming years Utilization in the Region is the highest it has ever been and there are

More information

SOLSTAD OFFSHORE ASA

SOLSTAD OFFSHORE ASA SOLSTAD OFFSHORE ASA SOLSTAD OFFSHORE ASA 1Q 2012 1. Solstad Offshore in brief 2. Highlights YTD 3. Financials 4. Vessels and markets 5. Outlook SOLSTAD OFFSHORE IN BRIEF Founded in 1964. Head-office in

More information

FSIC FRANCHISE. Frequently asked questions

FSIC FRANCHISE. Frequently asked questions Frequently asked questions FSIC FRANCHISE 1. What are the details of the announced transaction? FS Investments ( FS ) and KKR Credit ( KKR ) announced an agreement to form a partnership to provide investment

More information

Shell Project Delivery Best Practices Dick L. Wynberg, GM NOV Projects Integrated Gas Shell Global Solutions International B.V

Shell Project Delivery Best Practices Dick L. Wynberg, GM NOV Projects Integrated Gas Shell Global Solutions International B.V Shell Project Delivery Best Practices Dick L. Wynberg, GM NOV Projects Integrated Gas Shell Global Solutions International B.V SEPTEMBER 26, 2017, ST. PETERSBURG, HOTEL ASTORIA Definitions and cautionary

More information

Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5%

Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5% Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5% 07/16/2014 PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported

More information

Shell s Journey to Mobility

Shell s Journey to Mobility Shell s Journey to Mobility Speakers: Yorinde Knegtering Business Analyst, IT Produce Hydrocarbons Prabhat Mishra Product Owner, PI Center of Excellence Definitions & cautionary note Reserves: Our use

More information

Shell Exploration and Production EP Americas. Institute of the Americas May 13, Olivier Lazare Vice President, New Business Development

Shell Exploration and Production EP Americas. Institute of the Americas May 13, Olivier Lazare Vice President, New Business Development Shell Exploration and Production EP Americas Institute of the Americas May 13, 2008 Olivier Lazare Vice President, New Business Development DISCLAIMER STATEMENT This presentation contains forward-looking

More information

Managing Ageing Infrastructure

Managing Ageing Infrastructure Managing Ageing Infrastructure Leo van der Stap, Louisiana,1967 (Safety standards have moved on since...) Andre van der Stap, Engineering Manager, Civil Marine Offshore Structures, Shell Global Solutions

More information

Shaping competitive solutions for the future

Shaping competitive solutions for the future Shaping competitive solutions for the future London, 7 February 217 Margareth Øvrum Executive Vice President, Technology, Projects & Drilling (TPD) Illustration: Aasta Hansteen FORWARD-LOOKING STATEMENTS

More information

Preferred partner. Aker Solutions. Nordic Energy Summit 2013, 21 March Leif Borge CFO

Preferred partner. Aker Solutions. Nordic Energy Summit 2013, 21 March Leif Borge CFO Aker Solutions Nordic Energy Summit 213, 21 March Leif Borge CFO 212 Aker Solutions Slide 1 This is Aker Solutions Employees: 19 5 Contract staff: 5 5 Revenues: 45 bn EBITDA: 4.7 bn Market Cap: 32. bn

More information

WELLBORE ABANDONMENT CHALLENGES & OPERATIONS A-1, A-2, A-3, A-5, A-6, DEEP MENSA A-4 (PREVIOUSLY ABANDONED)

WELLBORE ABANDONMENT CHALLENGES & OPERATIONS A-1, A-2, A-3, A-5, A-6, DEEP MENSA A-4 (PREVIOUSLY ABANDONED) MENSA FIELD (MC 768) WELLBORE ABANDONMENT CHALLENGES & OPERATIONS A-1, A-2, A-3, A-5, A-6, DEEP MENSA A-4 (PREVIOUSLY ABANDONED) Chris Gerace Completions and Well Intervention Engineer 1 DEFINITIONS &

More information

BOURBON Investor Presentation May 2014 BUILDING TOGETHER A SEA OF TRUST

BOURBON Investor Presentation May 2014 BUILDING TOGETHER A SEA OF TRUST BOURBON Investor Presentation BUILDING TOGETHER A SEA OF TRUST DISCLAIMER This document may contain information other than historical information, which constitutes estimated, provisional data concerning

More information

UK OIL & GAS SHARE FAIR 2015

UK OIL & GAS SHARE FAIR 2015 UK OIL & GAS SHARE FAIR 2015 Wednesday 4 th November 2015 Iain Middleton CP Projects Lead UK, NL & Ireland Julian Rippiner Strategic Contracts Manager David Rodger External Relations Shell U.K. Ltd 1 DEFINITIONS

More information

Executive Summary and Table of Contents

Executive Summary and Table of Contents UK UPSTREAM OIL & GAS SECTOR REPORT 2012/13 Executive Summary and Table of Contents Focused, cutting edge information on the UK Upstream oil and gas industry. Providing detailed and robust analysis of

More information

Jefferies 2014 Global Energy Conference. Maryann Seaman Executive Vice President and Chief Financial Officer

Jefferies 2014 Global Energy Conference. Maryann Seaman Executive Vice President and Chief Financial Officer Jefferies 14 Global Energy Conference Maryann Seaman Executive Vice President and Chief Financial Officer This presentation contains forward-looking statements intended to qualify for the safe harbors

More information

Deepwater Exploration, Development and Production A Better Understanding?

Deepwater Exploration, Development and Production A Better Understanding? Shell Exploration & Production 28 th USAEE North American Conference New Orleans, LA 12/10/2008 File Title Copyright: Shell Exploration & Production Ltd. Deepwater Exploration, Development and Production

More information

NOV View Ahead. DAVID REID Chief Marketing Officer. ExxonMobil 2040 Outlook Simplified: Demand MORE PEOPLE MORE MONEY MORE ENERGY.

NOV View Ahead. DAVID REID Chief Marketing Officer. ExxonMobil 2040 Outlook Simplified: Demand MORE PEOPLE MORE MONEY MORE ENERGY. DAVID REID Chief Marketing Officer Started in 1992 with Varco in the top drive repair shop in Montrose, Scotland. Spanning from service to product management and strategic growth in the rig arena and beyond.

More information

PATENT PROPERTIES ANNOUNCES SECOND QUARTER 2015 RESULTS. Announces Name Change to Walker Innovation Inc.

PATENT PROPERTIES ANNOUNCES SECOND QUARTER 2015 RESULTS. Announces Name Change to Walker Innovation Inc. PATENT PROPERTIES ANNOUNCES SECOND QUARTER 2015 RESULTS Announces Name Change to Walker Innovation Inc. Announces Name Change of its United States Patent Utility Service to Haystack IQ Trial Usage of New

More information

Matrix Composites & Engineering Ltd

Matrix Composites & Engineering Ltd Matrix Composites & Engineering Ltd Euroz 2015 Industrials Tour 10 June 2015 Overview Introduction to Matrix Business Operations and Outlook Plant Tour 2 Introduction to Matrix WHO WE ARE AND WHAT WE DO

More information

$3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category. Deal at a Glance

$3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category. Deal at a Glance Reynolds American Enters Smokeless Tobacco Category Via Acquisition of Conwood $3.5 Billion Acquisition of Nation s No. 2 Company in Growing Moist Snuff Category Deal at a Glance 2005 Financial Summary

More information

Q Presentation. DOF Subsea Group

Q Presentation. DOF Subsea Group Q4 2015 Presentation DOF Subsea Group DOF Subsea Group DOF Subsea Group In brief Fleet One of the largest subsea vessel owners in the world Owns and operates a fleet of 21 vessels, plus 4 newbuilds on

More information

KKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017

KKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017 KKR & Co. L.P. Goldman Sachs U.S. Financial Services Conference: December 6, 2017 KKR Growth in Alternative Asset Market Share KKR AUM +20% CAGR Alternative AUM +12% CAGR ($ in trillions) ($ in billions)

More information