By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking...

By David Wethe and Alix Steel (Bloomberg) — Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea. The increase involves...

By John Benny Oct 15 (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with...

By David Wethe (Bloomberg) — The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land....

By Perry Williams (Bloomberg) — BP Plc has abandoned oil exploration in the offshore Great Australian Bight, five years after it began searching for resources in one of the world’s last...

South Korean shipbuilder Hyundai Heavy Industries says it has delivered the world’s largest semi-submersible drilling rig to Diamond Offshore. The rig, named Ocean Greatwhite, was delivered to the Houston-based drilling...

By David Wethe (Bloomberg) — Diamond Offshore Drilling Inc. is turning over care and handling of the massive rig safety devices designed to stop well blowouts to General Electric Co....

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep fall in global crude prices.

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep fall in global crude prices.

In an SEC filing yesterday, Diamond Offshore says at least six of their rigs are likely to lose their contracts. Diamond says a verbal notification came from Petrobras who said...

A gCaptain contributor sent us the following image over the weekend of Diamond Offshore’s new drillship, Ocean BlackHornet, now located in the Gulf of Mexico. The rig was delivered in...

Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.

With the huge influx of new steel heading into the offshore drilling market, Diamond Offshore Drilling announced today plans to retire and scrap six of their mid-water semi-submersible drilling rigs,...

Due to overcapacity in their rig portfolio, Statoil announced today they will be laying up the COSL Pioneer in the fourth quarter of 2014. The COSL Pioneer has been on contract...

OSLO, June 4 (Reuters) – Norway’s Statoil has cancelled a rig contract with Diamond Offshore Drilling Inc eight months earlier than expected, a company spokesperson said on Wednesday, confirming a...

Here's a series of photos showing the placement of the drilling derrick onboard Diamond Offshore Drilling's new ultra-deep water drillship, Ocean BlackLion at Hyundai Heavy Industries' shipyard in Ulsan, South Korea.

Diamond Offshore Drilling has just announced that former Halliburton executive Marc Edwards will be taking the reigns as President and CEO effective 3 March 2014. With 30 years of experience...

After 15 years at the helm of Diamond Offshore Drilling, President and CEO Lawrence Dickerson has decided to call it a day. “I have been privileged to lead this great...

Diamond Offshore Drilling, Inc. (NYSE: DO) signed an agreement today with Hyundai Heavy Industries Co. to build a new Moss CS60E design, harsh environment semisubmersible drilling rig. The 10,000’ dynamically positioned rig...

In the past 24 hours, Singapore-based shipbuilder Keppel Offshore & Marine has added $460 million to their backlog with 5 new projects. The orders consist of three contracts signed today from...