Diamond Offshore Company News

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Diamond Offshore's Profit Beats Estimates On Lower Costs
Monday, May 01, 2017 Diamond Offshore Drilling reports a higher-than-expected quarterly profit, helped by lower costs.

Offshore Drillers Still Seeking Recovery Enjoyed by Shale
Tuesday, February 07, 2017 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.

Diamond Offshore Sees Recovery when Oil "Well Over $60"
Monday, February 06, 2017 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.

Diamond Offshore's Weak Outlook Contrasts Demand for Onshore Rigs
Monday, August 01, 2016 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.

HHI Delivers Ocean Greatwhite Semisub to Diamond Offshore
Monday, July 18, 2016 South Korea's Hyundai Heavy Industries (HHI) delivers seimsub to Ocean Greatwhite to Diamond Offshore.

New Helical Riser Buoyancy Part of Diamond Strategy on Efficiency
Monday, June 13, 2016 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.

Moody's Downgrades Offshore Drillers, Including Ensco, Transocean
Tuesday, March 01, 2016 Offshore drilling contractors likely to struggle through at least 2018, Moody's Investors Service says in a new report.

Diamond Offshore Profit Beats On Lower Costs; Div Scrapped
Monday, February 08, 2016 Diamond Offshore Drilling wings into a quarterly loss at it writes down the value of nine drilling units by nearly half-a-billion dollars.

Tisch's Drilling Business Loses to Statoil in Norway Court Clash
Thursday, December 24, 2015 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.

Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 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.

Lansdowne Oil & Gas: Midleton Prospect Well to be Drilled in August
Monday, June 22, 2015 Lansdowne Oil & Gas announces that a well will be drilled at the Midleton prospect in license 4/07, offshore Ireland, in August 2015.

HHI Delivers Ocean BlackLion Drillship to Diamond Offshore
Wednesday, May 27, 2015 Hyundai Heavy Industries delivers Ocean BlackLion drillship to Ocean Offshore.

Diamond Offshore Scraps Rigs As Demand Weakens
Monday, May 04, 2015 Diamond Offshore turns from profit to loss due to an impairment charge of $319 million.

Apache Contracts Ocean America to Drill Levitt-1 Well in Carnavon Basin
Tuesday, March 24, 2015 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.

Diamond Offshore Sees Weak Demand, Scraps Special Dividend
Monday, February 09, 2015 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.

Precision Drilling Expects Lower Capital Spending in 2015
Monday, December 08, 2014 Canada's Precision Drilling Corporation expects 2015 capital spending to be 44-percent lower than this year's budget.

Norway's Statoil Cancels Rig Contract with Diamond Offshore
Wednesday, June 04, 2014 Statoil cancels a rig contract with Diamond Offshore Drilling eight months earlier than expected.

Diamond Offshore Profit Beats As Rig Hire Rates Improve
Thursday, April 24, 2014 Diamond Offshore Drilling reports 17% fall in quarterly profit due to lower utilization rates for deepwater rigs.

Diamond Offshore Profit Beats Estimates As Rig Rates Rise
Thursday, February 06, 2014 Diamond Offshore reports a better-than-expected profit as the rates it earned for its ultra-deepwater rigs shot up in the 4Q.

Diamond Offshore CEO Lawrence Dickerson to Retire
Tuesday, September 24, 2013 Diamond Offshore Drilling Inc says Chief Executive Lawrence Dickerson will retire once a successor is found.

Offshore Contractors Adjust Rig Fleets on Brazil Woes
Friday, September 20, 2013 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.

Diamond Beats Expectations Despite Drop in Earnings
Thursday, July 25, 2013 Diamond Offshore exceeds expectations despite a year-on-year slide.

Diamond Offshore, Hyundai Heavy to Build New Semisub
Wednesday, May 29, 2013 Diamond Offshore announces an agreement with Hyundai Heavy to build a new Moss CS60E design harsh environment semisubmersible drilling rig.

Diamond Offshore 4Q Net Falls 17% Amid Lower Day Rates
Tuesday, February 05, 2013 Diamond Offshore's fourth-quarter earnings fell 17% as lower day rates dampened improved utilization of ultradeep-water and midwater floaters.

Noble 'Well Positioned' for Offshore Activity Growth
Friday, October 19, 2012 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.

Diamond Offshore 3Q Net Falls 31% on Lower Day Rates
Thursday, October 18, 2012 Diamond Offshore's third-quarter earnings fell 31% as the contract driller's revenue decline continued amid lower day rates.

Sembcorp Marine Bags $135M Contract from Diamond Offshore
Wednesday, August 15, 2012 Sembcorp Marine's wholly-owned Jurong Shipyard clinches a $135 million offshore project from deepwater drilling company Diamond Offshore.

Hyundai Heavy Corrals UDW Drillship Order
Wednesday, May 09, 2012 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.

Hercules Offshore Finalizes Rig Sale
Wednesday, March 28, 2012 Hercules Offshore, Inc. has closed the previously announced acquisition of the offshore drilling rig Ocean Columbia.

Hercules Offshore Buys Jackup from Diamond Offshore, Books Gig
Tuesday, March 20, 2012 Hercules Offshore announced the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling.

Diamond Offshore Down in 4Q Profit
Thursday, February 02, 2012 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.

CGX Lines Up Diamond Semisub Offshore Guyana
Tuesday, November 29, 2011 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.

Niko, Diamond Offshore Pen Indonesia's 'Largest' Deepwater Contract
Tuesday, November 08, 2011 Niko Resources has signed with Diamond Offshore the largest deepwater exploration contract in the history of Indonesia.

Desire: Rig Contract for Ocean Guardian Amended
Thursday, November 03, 2011 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.

Diamond Offshore 3Q11 Earnings Rise 29%
Thursday, October 20, 2011 "Since the second quarter, we have added 14 new contracts, totaling 18 rig years or $1.4 billion of revenue backlog," said Larry Dickerson.

OEG Bags Container Contract with Diamond Offshore
Thursday, July 28, 2011 OEG has been awarded a $160,000 contract to provide containers for worldwide use for US deepwater drilling contractor Diamond Offshore.

Diamond Offshore Welcomes New Member to Board
Friday, July 22, 2011 Diamond Offshore has appointed Ambassador Clifford M. Sobel to the Company's Board of Directors.

Diamond Offshore 2Q Earnings Up 19%
Thursday, July 21, 2011 Diamond Offshore Drilling reported net income for the second quarter of 2011 of $266.6MM and revenues of $889.5MM.

Diamond Offshore Posts Dividend
Thursday, July 21, 2011 Diamond Offshore has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125.

Diamond Offshore to Move Rig from US GOM to Vietnam
Wednesday, June 15, 2011 Diamond Offshore will move one of its deep-water rigs from the U.S. GOM later this year to drill wells off Vietnam for BP.

Diamond Offshore Orders 3rd Ultra-Deepwater Drillship
Thursday, May 19, 2011 Diamond Offshore has exercised its option to build a 3rd ultra-deepwater drillship with Hyundai Heavy with delivery scheduled for the 2Q of 2014.

Anadarko Hires Diamond Drillship Duo
Tuesday, May 17, 2011 Anadarko has signed a contract with Diamond Offshore, approx. worth $1.8B, for 2 new drillships and has settled a previous rig dispute.

Rockhopper Secures Additional Slot on Semisub
Tuesday, April 26, 2011 Rockhopper has entered into a further assignment agreement to secure an additional well slot on the Ocean Guardian drilling rig.

Diamond Offshore Briefs Net Income for 1Q 2011
Thursday, April 21, 2011 Diamond Offshore reported net income for the first quarter of 2011 of $250.6 million, or $1.80 per share on a diluted basis.

Diamond Offshore Declares Quarterly Dividend
Thursday, April 21, 2011 Diamond Offshore has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend.

Diamond Offshore Adds 2nd Ultra-Deepwater Drillship
Thursday, February 03, 2011 Diamond Offshore has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy with delivery scheduled for the fourth quarter of 2013.

Diamond Offshore Highlights 4Q Profit
Thursday, February 03, 2011 Diamond Offshore reported net income for the fourth quarter of 2010 of $241.7 million.

Diamond Offshore Posts Cash Dividend
Thursday, February 03, 2011 Diamond Offshore has declared a special quarterly cash dividend of $0.75 per share of common stock.

Diamond Offshore Commissions Construction for Ultra-Deepwater Drillship
Monday, January 03, 2011 Diamond Offshore has entered into a turnkey contract with Hyundai for construction of a new ultra-deepwater drillship with delivery scheduled for the 2Q13.

Cobalt Reports Third Quarter Net Loss
Friday, November 12, 2010 Cobalt International Energy reported a net loss of $35.2 million, or $0.10 per basic and diluted share, for the three months ended September 30, 2010.