[LEFT]4:49 5 April (Dow Jones) ENSCO (ESV) has agreed to order a sixth deepwater drillship from Samsung, signalling “growing confidence in a bullish longer-term deepwater outlook,” says Wells Fargo. The $645m drillship should be delivered in late 2014. The move doesn’t have much immediate impact on ESV, firm says, but is bullish for rig equipment makers Cameron (CAM) andNational Oilwell Varco (NOV). That this is the fourth such order of this week-old quarter “suggests newbuild demand is indeed picking up following the 2011 deceleration” and a slow start to this year, firm says. ESV closes up 0.69% at $52.52.
- Ryan Dezember, Dow Jones Newswires[/LEFT]