Search results for: Diamond Offshore Drilling

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  • 8 February 2016
    Exploration & Production

    Diamond Offshore Drilling, a deepwater drilling contractor, on Monday posted a net loss of $245 million for the fourth quarter 2015, compared to net income of $99 million in the fourth quarter of 2014.  Results for the quarter included a non-cash charge of $499 million associated with the impairment of nine drilling units, which resulted in an after-tax […]

  • 2 May 2016
    Exploration & Production

    Offshore drilling contractor Diamond Offshore Drilling returned to profit in the first quarter of 2016, compared to a loss a year earlier. The company’s revenues on the other hand dropped in the first quarter of 2016.  The drilling contractor posted a net income of $87 million in the first quarter of 2016, compared to a […]

  • 21 April 2011
    Business & Finance

    Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2011 of $250.6 million, or $1.80 per share on a diluted basis, compared with net income of $290.9 million, or $2.09 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2011 were […]

  • 27 April 2006

    Baker Hughes, Diamond Offshore Drilling, National Oilwell Varco, Rowan Cos. and Newfield Exploration said Wednesday that first-quarter profits surged as high prices spurred demand for oil and natural gas drilling and field services. Baker Hughes’ net income gained 89 percent on sales of $2.06 billion. Diamond Offshore Drilling said profit surged almost fivefold amid record […]

  • 20 May 2011
    Business & Finance

    Diamond Offshore Drilling, Inc. today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost, including commissioning, spares and project management, is estimated to be approximately $610 million and is […]

  • 29 May 2013
    Business & Finance

    Diamond Offshore Drilling, Inc. today announced an agreement with Hyundai Heavy Industries Co., Ltd. to build a new Moss CS60E design harsh environment semisubmersible drilling rig. The 10,000’ dynamically positioned rig is expected to be delivered after November 2015. Projected capital cost of the unit including spares, commissioning and shipyard supervision is approximately $755 million. […]

  • 20 May 2011
    Business & Finance

      Diamond Offshore Drilling, Inc. today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost, including commissioning, spares and project management, is estimated to be approximately $610 million and […]

  • 24 December 2015
    Exploration & Production

    Norwegian oil company Statoil has won a court case initiated by Diamond Offshore Drilling for a termination of a drilling contract in 2014. Namely, the Norwegian oil giant in June 2014 terminated the contract for the Ocean Vanguard semi-submersible drilling rig “due to technical aspects of the rig.” The termination came nine months ahead of the […]

  • 8 February 2016
    Business & Finance, Equipment

    Diamond Offshore Drilling and GE Oil & Gas on Monday announced what the duo claims is the offshore drilling industry’s first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour model, Diamond Offshore will compensate GE Oil & Gas only when […]

  • 2 April 2006

    Keppel FELS Ltd (Keppel FELS) has secured a contract from Diamond Offshore Drilling, Inc. (Diamond Offshore) for the major upgrading of semisubmersible rig (semi) for US$102 million. Ocean Monarch will arrive at Keppel FELS in mid 2006 for the upgrading and is expected to be operationally ready in the fourth quarter of 2008.

  • 4 January 2011
    Business & Finance

    Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipyard, won a $520 million order to build a new ultra-deepwater drillship for Diamond Offshore Drilling Ltd., a subsidiary of Diamond Offshore Drilling Inc., one of the top-class drilling contractors of USA. on January 4. The agreement also includes a fixed-price option Diamond Offshore Drilling can […]

  • 19 April 2012
    Business & Finance

    Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2012 of $185.2 million, or $1.33 per share on a diluted basis, compared with net income of $250.6 million, or $1.80 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2012 were […]

  • 17 May 2011

      Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary of the Company has entered into two term drilling contracts with Anadarko Petroleum Corporation. The contracts, which will utilize Diamond Offshore’s two new-build drillships now on order, are expected to generate combined maximum total revenue of approximately $1.8 billion and represent 10 years of […]

  • 20 May 2011

      Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost, including commissioning, spares and project management, is estimated to be approximately $610 million […]

  • 3 February 2011
    Business & Finance

      Diamond Offshore Drilling, Inc.  announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the fourth quarter of 2013. Total cost, including commissioning, spares and project management, is expected to be approximately $590 million and is […]

  • 5 January 2006

    Diamond Offshore Drilling, Inc. has announced initiation of a major upgrade of the Victory-class semisubmersible Garden Banks, which has been renamed Ocean Monarch. The modernized rig will be designed to operate in up to 10,000 ft.

  • 9 January 2006

    HOUSTON — Diamond Offshore Drilling, Inc. (NYSE:DO) announced today that it will issue a press release and host a conference call and web cast related to its fourth-quarter and year-end 2005 operating results on Wednesday, February 8, 2006.

  • 2 July 2018
    Exploration & Production

    Diamond Offshore Drilling has appointed Scott Kornblau as Senior Vice President and Chief Financial Officer.

  • 3 April 2006

    Singapore’s Keppel Corp. Ltd. (K02.SG) Monday said it has secured a contract worth US$102 million from U.S.-based Diamond Offshore Drilling Inc. to upgrade a semisubmersible oil rig.

  • 8 July 2014
    Business & Finance

    Diamond Offshore Drilling, Inc. has announced that Ronald Woll has been appointed Senior Vice President and Chief Commercial Officer, effective immediately.

  • 5 January 2006

    Diamond Offshore Drilling, Inc. (NYSE:DO) today announced initiation of a major upgrade of the Victory-class semisubmersible Garden Banks, which has been renamed Ocean Monarch. The modernized rig will be designed to operate in up to 10,000 ft. of water

  • 3 January 2011

    Diamond Offshore Drilling Inc. said Monday that it will spend $590 million on a new drilling rig that’s capable of operating in 12,000 feet of water. The Houston oil and gas driller said a subsidiary has hired Hyundai Heavy Industries Co. to build the ultra-deepwater drillship. The rig is expected to be completed in 2013.