Thursday, October 18, 2012

Diamond Offshore’s Rig Rates on the Rise, 13 New Contracts Signed [UPDATED]

Diamond Offshore (NYSE: DO) reported their third quarter results today with somewhat mixed results.  Their net income for the third quarter was down 30 percent from the same period a year...

October 18, 2012
Total Views: 50

Tuesday, August 14, 2012

Diamond Offshore Orders $370 Million Semisubmersible

Houston-based Diamond Offshore (NYSE:DO) announced Tuesday that a subsidiary has ordered a moored semi-submersible rig from Singapore’s Jurong Shipyard for approximately $370 million. The rig, to be named the Ocean...

August 14, 2012
Total Views: 56

Friday, July 20, 2012

Profits Fall at Diamond Offshore, Rig Utilization Significantly Lower [REPORT]

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter profit fell 24% as the contract driller reported lower utilization rates in all of its floaters and revenue declined. The company’s earnings...

July 20, 2012
Total Views: 7

Thursday, May 10, 2012

Diamond Orders Ultra-Deepwater Drillship from HHI for $655 million

Diamond Offshore Drilling, Inc. (NYSE:DO) said Thursday that it has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery...

May 10, 2012
Total Views: 20

Friday, April 20, 2012
diamond offshore pulling slips

Diamond Offshore Earnings Fall 26%

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs. The company declared a special quarterly dividend of 75 cents...

April 20, 2012
Total Views: 8

Friday, February 3, 2012
Diamond Offshore NYSE:DO

4th Quarter Earnings Diminish for Diamond Offshore [NYSE:DO]

Diamond Offshore Drilling Inc.’s (DO) fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for its mid-water floaters. The fourth quarter marks a reversal...

February 3, 2012
Total Views: 1

Monday, January 9, 2012
Engineering News

Keppel’s US Yard to Build Semisubmersible for Diamond

Diamond Offshore said today that one of its subsidiaries has entered into a $300 million contract with Keppel Offshore and Marine for the construction of a moored semisubmersible rig.  While...

January 9, 2012
Total Views: 2

Wednesday, November 9, 2011
Ocean Monarch semisubmersible DIamond offshore

Diamond Signs Largest Deepwater Drilling Contract in Indonesian History

Niko Resources (TSX: NKO), a Calgary-based independent oil and gas operator, announced yesterday that it had signed a contract worth in excess of $700 million with offshore driller Diamond Offshore...

November 9, 2011
Total Views: 8

Friday, October 21, 2011
diamond offshore drilling

Diamond Offshore Drilling CEO: Permit Approvals in Gulf of Mexico are Accelerating, Expresses Optimism

HOUSTON -(Dow Jones)- The rate at which new deep-water permits are being approved under new rules in the U.S. Gulf of Mexico is improving, said Diamond Offshore Inc. (DO) Chief...

October 21, 2011
Total Views: 19

Thursday, October 20, 2011
Diamond Offshore

Diamond Offshore Rocks the 3rd Quarter, Earnings Up 29%

Diamond Offshore Drilling Inc. (DO) third-quarter earnings rose 29% as the oil driller booked stronger revenue and higher average day and utilization rates for high-specification floaters. Chief Executive Larry Dickerson...

October 20, 2011
Total Views: 1

Thursday, July 21, 2011
Diamond offshore drilling

Diamond Offshore 2Q Profit Up 19% As Revenue, Expenses Grow

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter earnings jumped 19% as the company posted stronger revenue, though day rates fell and utilization rates were mixed. The oil driller’s profit has fallen...

July 21, 2011
Total Views: 5

Tuesday, June 14, 2011

Another Diamond Rig Leaving Gulf

HOUSTON (Dow Jones)–Diamond Offshore Drilling Inc. (DO) said Tuesday that it will move one of its deep-water rigs from the U.S. Gulf of Mexico later this year to drill wells...

June 14, 2011
Total Views: 71

Thursday, May 19, 2011
Engineering News

Diamond Exercises Option For Third Ultra-Deepwater Drillship

On the heals of announcing a $1.8 billion deal with Andarko for the future use of two of their newbuild drillships, Diamond Offshore has issued the following press release announcing...

May 19, 2011
Total Views: 2

Tuesday, May 17, 2011

Andarko Locks Down Two Diamond Newbuild Drillships in $1.8 Billion Contract

Diamond Offshore Drilling Inc. (DO) signed two drilling contracts with Anadarko Petroleum Corp. (APC) that are expected to generate up to $1.8 billion in revenue. The contracts represent 10 years...

May 17, 2011
Total Views: 2

Thursday, February 3, 2011

Diamond Offshore orders second ultra-deepwater drillship

HOUSTON, Feb 02, 2011 (BUSINESS WIRE) — Diamond Offshore Drilling, Inc. (NYSE:DO) has announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a second ultra-deepwater...

February 3, 2011
Total Views: 22

Monday, January 3, 2011

Diamond Offshore Announces Order for Ultra-Deepwater Drillship

HOUSTON, Jan 03, 2011 (BUSINESS WIRE) —  Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy...

January 3, 2011
Total Views: 9

Sunday, June 14, 2009

Jones Act Case Study: Herbert B. Pretus v. Diamond Offshore Drilling Inc.; et al.

Case Name: Herbert B. Pretus v. Diamond Offshore Drilling Inc.; et al. Date Decided: June 12, 2009 Court: United States Court of Appeals, Fifth Circuit Judge: Judge Davis Citation: 571...

June 14, 2009
Total Views: 4