Diamond Offshore Company News
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Wolford Joins Diamond Offshore
Tuesday, May 11, 2021Diamond Offshore Drilling has named a new president and CEO, and its board has elected a new chairman.
Offshore Drilling Contractor Completes Reorganization
Tuesday, May 04, 2021Valaris Limited has emerged from Chapter 11 bankruptcy.
Offshore Africa Contract Goes to Zenith
Monday, April 26, 2021The Ocean BlackRhino is one of two Diamond Offshore drillships bound for Sangomar later this year. PHOTO SOURCE: Zenith Energy
CEO Retires as Drilling Contractor Exits Chapter 11
Monday, April 26, 2021Diamond Offshore reported Monday that it has emerged from Chapter 11 bankruptcy after completing a financial reorganization.
Russia Exemplifies Sign of Times in Oil Market
Friday, August 21, 2020Check out this review of oil market hits and misses for the week ending Aug. 21, 2020
Oilfield Services Headcount Continues to Shrink
Monday, April 27, 2020Market volatility is forcing many companies to continue with headcount reductions and facility closures.
Beach Cancels Rig Contract With Diamond Offshore
Thursday, April 23, 2020The companies are considering a new contract for 2021.
10-year Diamond Offshore Contract Goes to Logan
Tuesday, March 10, 2020Logan Industries will provide CBM services for wireline tensioners onboard five Diamond Offshore drilling and completion vessels.
Diamond Offshore Wins Contract Extension for Semisub
Tuesday, February 11, 2020Diamond Offshore reported that it has secured a one-year extension for its Ocean Patriot semisub.
Siccar Point Energy Spuds Exploration Well
Tuesday, March 19, 2019UK-based Siccar Point Energy has begun its 2019 drilling campaign by spudding an exploration well at the Blackrock prospect. (Courtesy Photo)
Diamond Offshore Posts Smaller-Than-Expected Loss On Lower Costs
Monday, July 30, 2018Diamond Offshore Drilling posts a smaller-than-expected loss.
Diamond Offshore Posts Smaller-Than-Expected Quarterly Loss
Monday, April 30, 2018Diamond Offshore Drilling reports a smaller-than-expected quarterly loss.
New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise
Monday, October 30, 2017Diamond Offshore reports a higher-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at better rates.
Diamond Offshore's Profit Beats Estimates On Lower Costs
Monday, May 01, 2017Diamond Offshore Drilling reports a higher-than-expected quarterly profit, helped by lower costs.
Offshore Drillers Still Seeking Recovery Enjoyed by Shale
Tuesday, February 07, 2017While 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, 2017Rig 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, 2016Diamond 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, 2016South 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, 2016Diamond'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, 2016Offshore 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, 2016Diamond 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, 2015Diamond 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, 2015Diamond 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, 2015Lansdowne 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, 2015Hyundai Heavy Industries delivers Ocean BlackLion drillship to Ocean Offshore.
Diamond Offshore Scraps Rigs As Demand Weakens
Monday, May 04, 2015Diamond 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, 2015Apache 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, 2015Rig 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, 2014Canada'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, 2014Statoil 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, 2014Diamond 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, 2014Diamond 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, 2013Diamond 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, 2013The 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, 2013Diamond Offshore exceeds expectations despite a year-on-year slide.
Diamond Offshore, Hyundai Heavy to Build New Semisub
Wednesday, May 29, 2013Diamond 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, 2013Diamond 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, 2012Noble 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, 2012Diamond 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, 2012Sembcorp 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, 2012Diamond 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, 2012Hercules 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, 2012Hercules 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, 2012Results 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, 2011CGX 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, 2011Niko 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, 2011Desire 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, 2011OEG 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, 2011Diamond Offshore has appointed Ambassador Clifford M. Sobel to the Company's Board of Directors.