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Diamond Offshore Drilling Inc (DO)

DO on New York Consolidated

16.11USD
26 Sep 2016
Change (% chg)

$0.48 (+3.07%)
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Latest Key Developments (Source: Significant Developments)

Diamond Offshore says unit received notice of termination from Petroleo Brasileiro
Thursday, 1 Sep 2016 06:25am EDT 

Diamond Offshore Drilling Inc : On August 30, 2016, unit received notice of termination from Petroleo Brasileiro S.A. of drilling contract on Ocean Valor . Co does not believe Petrobras had valid/lawful basis for terminating contract, co to defend rights of unit under contract . Drilling contract was estimated to conclude in accordance with its terms in October 2018 - SEC filing Source: (http://bit.ly/2bXomra ) Further company coverage: [DO.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Diamond Offshore Drilling sees 2016 capex about $650 mln - conf call
Monday, 1 Aug 2016 10:00am EDT 

Diamond Offshore Drilling Inc: "We are expecting our capital expenditures to be approximately $650 million in 2016" - Conference Call . Sees depreciation expense of $400 million for full-year and about $85 million- $90 million for Q3 . Intends to deploy first systems to Ocean Blacklion and Ocean Blackrhino drillships towards the end of the year . Expects Q3 rig operating costs, in the line contract drilling expense, of about $195 million- $215 million . Sees 2016 maintenance capital cost of about $140 million, below prior-year spend of $215 million . Sees 2016 newbuild capital expenditures of about $510 million, including Q2 payment for delivery of Ocean GreatWhite . "We may have seen a bottom in the oil price, but it is clear that volatility will be with us for some time to come" . "Utilization is still declining at almost 5 percent per quarter and contracting is essentially next to zero" . Says will see a slight increase in run rate when the Ocean Greatwhite goes into service towards the end of this year . Says Ocean Greatwhite to begin drilling campaign for BP in late Q4 at a rate of $585,000/day Further company coverage: [DO.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Diamond Offshore Q2 adjusted earnings per share $0.16
Monday, 1 Aug 2016 06:00am EDT 

Diamond Offshore Drilling Inc : Diamond offshore announces second quarter 2016 results . Q2 loss per share $4.30 . Q2 adjusted earnings per share $0.16 excluding items . Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Q2 total revenues $388.7 million versus $470.5 million . Q2 revenue view $373.5 million -- Thomson Reuters I/B/E/S . As of June 30, 2016, company's total contracted backlog was $4.4 billion . Results for Q2 were significantly impacted by impairment charges and related taxes of $612 million, or $4.46 per diluted share .Says additionally, company intends to scrap Ocean Quest and Ocean Star.  Full Article

Diamond Offshore Drilling Inc names Kelly Youngblood as Senior Vice President and CFO
Monday, 2 May 2016 06:05am EDT 

Diamond Offshore Drilling Inc:Says appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to be effective May 3, 2016.Youngblood succeeds Gary T. Krenek.  Full Article

Diamond Offshore announces dividend
Monday, 3 Aug 2015 06:00am EDT 

Diamond Offshore Drilling Inc:Announces that it has declared a regular quarterly dividend of $0.125 per share, payable on Sept. 1 to shareholders of record as of Aug. 14.  Full Article

Diamond Offshore Drilling Inc declares quarterly dividend
Monday, 4 May 2015 06:00am EDT 

Diamond Offshore Drilling Inc:Declares regular quarterly dividend of $0.125 per share.Dividend payable on June 1 to shareholders of record as of May 15.  Full Article

Diamond Offshore declares regular quarterly dividend
Monday, 9 Feb 2015 06:00am EST 

Diamond Offshore Drilling Inc:Declared regular quarterly dividend of $0.125 per share, payable March 2, to shareholders of record on Feb. 20.Additionally, the Board of Directors of the Company, after careful consideration, has chosen not to declare a special dividend.  Full Article

Diamond Offshore Drilling Inc declares special and regular quarterly cash dividend
Thursday, 23 Oct 2014 06:00am EDT 

Diamond Offshore Drilling Inc:Declares special quarterly cash dividend of $0.75 per share of common stock and regular quarterly cash dividend of $0.125 per share of common stock.Both dividends are payable on Dec. 1, to shareholders of record on Nov. 5.  Full Article

Ex-Barclays chief Diamond remains in Africa hunt despite Carlyle exit -sources

LONDON, Sept 13 A consortium including former Barclays chief Bob Diamond remains in the hunt to buy a stake in the British lender's African business, sources with knowledge of the matter said on Tuesday, despite the withdrawal of Carlyle Group.