SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 13, 2010 08:48 ET

Analyst Study on Ensco International and Diamond Offshore Drilling -- The Curse of the BP Oil Spill on Deepwater Drilling

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 13, 2010) - brings investors market knowledge on the aspects moving the oil & gas drilling & exploration stocks, and offers complete analytical research on companies like Ensco International Inc. (NYSE: ESV) and Diamond Offshore Drilling Inc. (NYSE: DO). Register with today to gain full access to our complimentary research on these oil & gas drilling & exploration stocks.

Off shore drilling companies, especially those in the Gulf of Mexico, have been having a challenging time since the BP oil spill in the area closed down all deepwater drilling activity. Companies like Diamond Offshore Drilling Inc. and Ensco International Inc. in the area have been moving deep water rigs to other areas, or essentially parking them, as they wait for the moratorium to be lifted. Investors can register today at or to download the full reports on Ensco International Inc. and Diamond Offshore Drilling Inc. is a specialized website where investors can have specific access to complimentary reports on oil & gas drilling & exploration industry; traders looking for analysis on Ensco International Inc., Diamond Offshore Drilling Inc. and other players in the industry are welcomed to sign up for free at

When that happens, however, it may still be increasingly difficult to post a profit in the area. Stricter rules, more stringent inspections and hefty fines for violations could keep companies from succeeding financially. That coupled with a backlog of permit applications has forced some companies to move out of the gulf. Those that have moved some of their operations to other deep water areas, such as Brazil, seem to be better positioned. Visit us at to understand the catalysts and forces driving or affecting companies in the oil & gas drilling & exploration industry.

While the moratorium currently only covers drilling in over 500 feet of water, a recent fire on a shallow water platform may extend the period the ban remains in place, as safety concerns for the industry as a whole are being raised again. While no one was injured and no leak has been detected, companies with operations in the gulf look to have a difficult road ahead of them.

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