I'm looking to lose weight i wanted to know if drinking ensure twice a day, morning/afternoon would help at all or if it would have any benefit?

Probably not best ..: but probably not particularly harmful. There are 220 calories in an 8 oz Ensure along with 9 grams of protein, a fair share of vitamins & minerals & fairly low in fat. So if you had 2 of these a day, that would be 440 calories in reasonable nutrition. You need to calculate what your reduced daily calorie goal is for weight loss, and make sure the remaining # of calories you eat are healthy.