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Diamond Offshore In Two Term Drilling Pacts With Anadarko

DOW JONES NEWSWIRES 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 of contract drilling backlog and will use two drillships to be built by Hyundai Heavy Industries Co. (009540.SE) at its South Korean shipyard. Each drillship is contracted for five years. One begins in late 2013 and the other in early 2014. In addition, Anadarko and Diamond have mutually agreed to dismiss all claims related to the Ocean Monarch contract Anadarko terminated in September. The company had canceled the contract because of the U.S. government's deepwater-drilling moratorium in the wake of the Gulf of Mexico oil spill. Diamond Offshore reported in April its first-quarter earnings fell 14%, but beat analysts' consensus estimate, as the oil driller posted better-than-expected revenue on lower day rates but higher utilization rates for its deep-water vessels. Anadarko Petroleum's first-quarter earnings declined 70% as the oil-and-gas producer reported derivative losses and lower natural gas prices, while total production was flat. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Diamond Offshore Drilling (DO)
DateTimeHeadline
07/07/201509:05:03Diamond Offshore Drilling Inc Stock Was Down 15% Last Month...
07/02/201515:44:52Statement of Changes in Beneficial Ownership (4)
07/02/201515:44:00Statement of Changes in Beneficial Ownership (4)
07/02/201515:42:41Statement of Changes in Beneficial Ownership (4)
07/02/201515:41:51Statement of Changes in Beneficial Ownership (4)
07/02/201515:41:00Statement of Changes in Beneficial Ownership (4)
07/02/201515:39:39Statement of Changes in Beneficial Ownership (4)
07/02/201515:39:15Statement of Changes in Beneficial Ownership (4)
07/02/201515:38:21Statement of Changes in Beneficial Ownership (4)
07/02/201515:36:37Statement of Changes in Beneficial Ownership (4)
07/02/201515:35:19Statement of Changes in Beneficial Ownership (4)
07/01/201517:41:27Statement of Changes in Beneficial Ownership (4)
07/01/201510:00:00Diamond Offshore to Release Second Quarter 2015 Results on August...
07/01/201510:00:00Loews Corporation to Release Second Quarter 2015 Results on August...
06/25/201515:21:25Annual Report of Employee Stock Plans (11-k)
06/12/201507:58:06Current Report Filing (8-k)
06/12/201507:00:00Diamond Offshore to Release Fleet Status Report Each Quarter
06/07/201511:01:023 of the Best Stocks to Invest in Offshore Drilling
06/01/201515:13:31Statement of Changes in Beneficial Ownership (4)
05/27/201518:45:40Loews Corporation Earnings Swamped by Drilling Loss

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