ADVFN - Advanced Financial Network.
HOME» NYSE » D » DO Stock Price » DO Stock News

Diamond Offshore Drilling Share News

 Diamond Offshore Drilling, Inc. Stock Price
DO Stock Price
 Diamond Offshore Drilling, Inc. Stock Chart
DO Stock Chart
 Diamond Offshore Drilling, Inc. Stock News
DO Stock News
 Diamond Offshore Drilling, Inc. Company Information
DO Company Information
 Diamond Offshore Drilling, Inc. Stock Trades
DO Stock Trades

Diamond Offshore Places $300 Million Order For Semisubmersible Rig

DOW JONES NEWSWIRES Diamond Offshore Drilling Inc. (DO) ordered a moored semisubmersible rig from Keppel AmFELS shipyard in Brownsville, Texas, at an estimated cost of $300 million. The rig, to be named the Ocean Onyx, will be able to operate in water as much as 6,000 feet deep and is scheduled for delivery in the third quarter of 2013. The offshore drilling sector has had a challenging time since 2010's Deepwater Horizon disaster in the Gulf of Mexico, when a rig explosion killed 11 men and triggered a massive oil spill. U.S. authorities began approving deep-water drilling projects in February of last year, though the government's official moratorium was previously lifted. The construction will use a Diamond Offshore cold-stacked unit--an existing rig that was shut down and put in storage--which should allow the Ocean Onyx to be built and placed into service in about half the time and at half the cost of current newly built rigs. "No new capacity targeting the standard midwater and deepwater markets is currently under construction, and this rig should be ideally suited to meet emerging demand in this segment," said President and Chief Executive Larry Dickerson. The oil driller reported in October its third-quarter earnings rose 29% as higher average day and utilization rates for high-specification floaters helped boost revenue 9.8%. Shares closed Friday at $56.28 and were inactive premarket. The stock has fallen 20% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283;

Stock News for Diamond Offshore Drilling (DO)
11/19/201514:05:02It's Not Just Low Oil Prices That Are Hurting Energy Companies...
11/10/201512:28:00Loews Corporation Announces Quarterly Dividend On Common Stock
11/08/201516:24:02Loews Corporation Posts Mixed Earnings Results
11/07/201514:45:03Diamond Offshore's Cost-Cutting Measures Spur a Big Earnings...
11/02/201515:50:00Diamond Offshore Drilling's Stock Surges on Better-Than-Expected...
11/02/201512:24:02Quarterly Report (10-q)
11/02/201506:10:39Current Report Filing (8-k)
11/02/201506:00:00Diamond Offshore Announces Third Quarter 2015 Results
11/02/201506:00:00Loews Corporation Reports Net Income Of $182 Million For The...
11/01/201517:30:31Notable earnings before Monday’s open
10/25/201503:17:50Offshore Drilling: Discussing The Future Of The Industry
10/22/201506:12:09Diamond Offshore - A High Quality Addition To Any Portfolio
10/19/201500:12:47Ocean Rig: The Eirik Raude And The Leiv Eiriksson Dilemma
10/13/201510:00:00Diamond Offshore to Release Third Quarter 2015 Results on November...
10/13/201510:00:00Loews Corporation to Release Third Quarter 2015 Results on November...
10/12/201509:09:57Greetings From Petrobras (Part 4): The Case Of Diamond Offshore
10/09/201516:37:58"Little risk in going long" offshore drillers, analyst says
10/02/201511:58:31Statement of Changes in Beneficial Ownership (4)
10/02/201511:57:34Statement of Changes in Beneficial Ownership (4)
10/02/201511:55:23Statement of Changes in Beneficial Ownership (4)

Diamond Offshore Drilling and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations