Diamond Offshore Company News

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Diamond Offshore Strikes Training Deal with Maersk
Maersk Training will provide support to Diamond's global team, including the Ocean BlackHornet drillship. PHOTO SOURCE: Maersk Training
8:00 PM EST | July 06, 2021
Wolford Joins Diamond Offshore
Diamond Offshore Drilling has named a new president and CEO, and its board has elected a new chairman.
8:00 PM EST | May 10, 2021
Offshore Drilling Contractor Completes Reorganization
Valaris Limited has emerged from Chapter 11 bankruptcy.
8:00 PM EST | May 03, 2021
Offshore Africa Contract Goes to Zenith
The Ocean BlackRhino is one of two Diamond Offshore drillships bound for Sangomar later this year. PHOTO SOURCE: Zenith Energy
8:00 PM EST | April 25, 2021
CEO Retires as Drilling Contractor Exits Chapter 11
Diamond Offshore reported Monday that it has emerged from Chapter 11 bankruptcy after completing a financial reorganization.
8:00 PM EST | April 25, 2021
Russia Exemplifies Sign of Times in Oil Market
Check out this review of oil market hits and misses for the week ending Aug. 21, 2020
8:00 PM EST | August 20, 2020
Oilfield Services Headcount Continues to Shrink
Market volatility is forcing many companies to continue with headcount reductions and facility closures.
8:00 PM EST | April 26, 2020
Beach Cancels Rig Contract With Diamond Offshore
The companies are considering a new contract for 2021.
8:00 PM EST | April 22, 2020
10-year Diamond Offshore Contract Goes to Logan
Logan Industries will provide CBM services for wireline tensioners onboard five Diamond Offshore drilling and completion vessels.
8:00 PM EST | March 09, 2020
Diamond Offshore Wins Contract Extension for Semisub
Diamond Offshore reported that it has secured a one-year extension for its Ocean Patriot semisub.
7:00 PM EST | February 10, 2020
Siccar Point Energy Spuds Exploration Well
UK-based Siccar Point Energy has begun its 2019 drilling campaign by spudding an exploration well at the Blackrock prospect. (Courtesy Photo)
8:00 PM EST | March 18, 2019
Diamond Offshore Posts Smaller-Than-Expected Loss On Lower Costs
Diamond Offshore Drilling posts a smaller-than-expected loss.
8:00 PM EST | July 29, 2018
Diamond Offshore Posts Smaller-Than-Expected Quarterly Loss
Diamond Offshore Drilling reports a smaller-than-expected quarterly loss.
8:00 PM EST | April 29, 2018
New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise
Diamond Offshore reports a higher-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at better rates.
8:00 PM EST | October 29, 2017
Diamond Offshore's Profit Beats Estimates On Lower Costs
Diamond Offshore Drilling reports a higher-than-expected quarterly profit, helped by lower costs.
8:00 PM EST | April 30, 2017
Offshore Drillers Still Seeking Recovery Enjoyed by Shale
While oil drillers in US shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well above $60 a barrel.
7:00 PM EST | February 06, 2017
Diamond Offshore Sees Recovery when Oil "Well Over $60"
Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said oil prices needed to be "well over $60" to spur a recovery in offshore drilling.
7:00 PM EST | February 05, 2017
Diamond Offshore's Weak Outlook Contrasts Demand for Onshore Rigs
Diamond Offshore Drilling says there are "next to zero" contracts for deepwater rigs, highlighting the contrast between subdued offshore drilling activity and a recent resurgence in shale drilling.
8:00 PM EST | July 31, 2016
HHI Delivers Ocean Greatwhite Semisub to Diamond Offshore
South Korea's Hyundai Heavy Industries (HHI) delivers seimsub to Ocean Greatwhite to Diamond Offshore.
8:00 PM EST | July 17, 2016
New Helical Riser Buoyancy Part of Diamond Strategy on Efficiency
Diamond's partnership to develop, build and market drill riser buoyancy models based on its technology is part of the company's strategy to speed process improvement.
8:00 PM EST | June 12, 2016
Moody's Downgrades Offshore Drillers, Including Ensco, Transocean
Offshore drilling contractors likely to struggle through at least 2018, Moody's Investors Service says in a new report.
7:00 PM EST | February 29, 2016
Diamond Offshore Profit Beats On Lower Costs; Div Scrapped
Diamond Offshore Drilling wings into a quarterly loss at it writes down the value of nine drilling units by nearly half-a-billion dollars.
7:00 PM EST | February 07, 2016
Tisch's Drilling Business Loses to Statoil in Norway Court Clash
Diamond Offshore Drilling Inc., a unit of Jim Tisch's Loews Corp., suffers a loss in its lawsuit against Statoil as a judge said Norway's biggest oil company didn't breach a contract when it terminated a deal over a rig.
7:00 PM EST | December 23, 2015
Diamond Offshore Drilling Revenues Drop, Net Income Rises
Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.
8:00 PM EST | August 02, 2015
Lansdowne Oil & Gas: Midleton Prospect Well to be Drilled in August
Lansdowne Oil & Gas announces that a well will be drilled at the Midleton prospect in license 4/07, offshore Ireland, in August 2015.
8:00 PM EST | June 21, 2015
HHI Delivers Ocean BlackLion Drillship to Diamond Offshore
Hyundai Heavy Industries delivers Ocean BlackLion drillship to Ocean Offshore.
8:00 PM EST | May 26, 2015
Diamond Offshore Scraps Rigs As Demand Weakens
Diamond Offshore turns from profit to loss due to an impairment charge of $319 million.
8:00 PM EST | May 03, 2015
Apache Contracts Ocean America to Drill Levitt-1 Well in Carnavon Basin
Apache contracts Diamond Offshore's Ocean America semisub to drill the Levitt-1 prospect in permit WA-482-P in the Carnarvon Basin, offshore Western Australia.
8:00 PM EST | March 23, 2015
Diamond Offshore Sees Weak Demand, Scraps Special Dividend
Rig contractor Diamond Offshore Drilling expects a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year.
7:00 PM EST | February 08, 2015
Precision Drilling Expects Lower Capital Spending in 2015
Canada's Precision Drilling Corporation expects 2015 capital spending to be 44-percent lower than this year's budget.
7:00 PM EST | December 07, 2014
Norway's Statoil Cancels Rig Contract with Diamond Offshore
Statoil cancels a rig contract with Diamond Offshore Drilling eight months earlier than expected.
8:00 PM EST | June 03, 2014
Diamond Offshore Profit Beats As Rig Hire Rates Improve
Diamond Offshore Drilling reports 17% fall in quarterly profit due to lower utilization rates for deepwater rigs.
8:00 PM EST | April 23, 2014
Diamond Offshore Profit Beats Estimates As Rig Rates Rise
Diamond Offshore reports a better-than-expected profit as the rates it earned for its ultra-deepwater rigs shot up in the 4Q.
7:00 PM EST | February 05, 2014
Diamond Offshore CEO Lawrence Dickerson to Retire
Diamond Offshore Drilling Inc says Chief Executive Lawrence Dickerson will retire once a successor is found.
8:00 PM EST | September 23, 2013
Offshore Contractors Adjust Rig Fleets on Brazil Woes
The once-promising Brazilian offshore oil market is proving a thorn in the side of drilling contractors who are either leaving it or trying to shift some of their rigs elsewhere.
8:00 PM EST | September 19, 2013
Diamond Beats Expectations Despite Drop in Earnings
Diamond Offshore exceeds expectations despite a year-on-year slide.
8:00 PM EST | July 24, 2013
Diamond Offshore, Hyundai Heavy to Build New Semisub
Diamond Offshore announces an agreement with Hyundai Heavy to build a new Moss CS60E design harsh environment semisubmersible drilling rig.
8:00 PM EST | May 28, 2013
Diamond Offshore 4Q Net Falls 17% Amid Lower Day Rates
Diamond Offshore's fourth-quarter earnings fell 17% as lower day rates dampened improved utilization of ultradeep-water and midwater floaters.
7:00 PM EST | February 04, 2013
Noble 'Well Positioned' for Offshore Activity Growth
Noble is well positioned to benefit from improving offshore activity and the continued robust ultra-deepwater outlook despite 3Q earnings coming in below estimates, according to an analyst report from Barclays Capital.
8:00 PM EST | October 18, 2012
Diamond Offshore 3Q Net Falls 31% on Lower Day Rates
Diamond Offshore's third-quarter earnings fell 31% as the contract driller's revenue decline continued amid lower day rates.
8:00 PM EST | October 17, 2012
Sembcorp Marine Bags $135M Contract from Diamond Offshore
Sembcorp Marine's wholly-owned Jurong Shipyard clinches a $135 million offshore project from deepwater drilling company Diamond Offshore.
8:00 PM EST | August 14, 2012
Hyundai Heavy Corrals UDW Drillship Order
Diamond Offshore has entered into a turnkey contract with Hyundai Heavy Industries for construction of a new ultra-deepwater drillship with delivery scheduled in 4Q 2014.
8:00 PM EST | May 08, 2012
Hercules Offshore Finalizes Rig Sale
Hercules Offshore, Inc. has closed the previously announced acquisition of the offshore drilling rig Ocean Columbia.
8:00 PM EST | March 27, 2012
Hercules Offshore Buys Jackup from Diamond Offshore, Books Gig
Hercules Offshore announced the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling.
8:00 PM EST | March 19, 2012
Diamond Offshore Down in 4Q Profit
Results for the fourth quarter, however, were negatively impacted by a higher number of downtime days than in the preceding three quarters, attributable to scheduled rig maintenance and survey downtime.
7:00 PM EST | February 01, 2012
CGX Lines Up Diamond Semisub Offshore Guyana
CGX has awarded a drilling contract for the Ocean Saratoga drilling rig to drill the Eagle-1 well on the Company's 100% owned and operated Corentyne Petroleum Prospecting License, offshore Guyana.
7:00 PM EST | November 28, 2011
Niko, Diamond Offshore Pen Indonesia's 'Largest' Deepwater Contract
Niko Resources has signed with Diamond Offshore the largest deepwater exploration contract in the history of Indonesia.
7:00 PM EST | November 07, 2011
Desire: Rig Contract for Ocean Guardian Amended
Desire announced that the rig contract with Diamond Offshore for use of the Ocean Guardian for operations in the North Falkland Basin has been amended.
8:00 PM EST | November 02, 2011
Diamond Offshore 3Q11 Earnings Rise 29%
"Since the second quarter, we have added 14 new contracts, totaling 18 rig years or $1.4 billion of revenue backlog," said Larry Dickerson.
8:00 PM EST | October 19, 2011
OEG Bags Container Contract with Diamond Offshore
OEG has been awarded a $160,000 contract to provide containers for worldwide use for US deepwater drilling contractor Diamond Offshore.
8:00 PM EST | July 27, 2011