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A renewed structural transition towards deepwater drilling should push the demand for oil service equipment suitable for such environments, says Barclays, as recent rig orders and bullish attitudes reinforce this view. In light of the trend, the firm says that Ensco plc (NYSE:ESV), Diamond Offshore Drilling Inc. (NYSE:DO), Nobel Energy, Inc. (NYSE:NBL), Transocean Ltd (NYSE:RIG), and Sedrill Limited (NYSE:SDRL) should enjoy a ‘clear positive’ as they continue to reap ongoing dayrate improvements for almost all of their rig classes.
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