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Diamond Offshore Drilling Inc (DO.N)

DO.N on New York Stock Exchange

20.13USD
12 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Diamond Offshore Drilling Says Co And Petrobras Agreed To Settle Lawsuit And Amend Ocean Valor Drilling Contract
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Diamond Offshore Drilling Inc ::DIAMOND OFFSHORE DRILLING INC SAYS THE CO AND PETROBRAS AGREED TO SETTLE LAWSUIT AND AMEND OCEAN VALOR DRILLING CONTRACT.DIAMOND OFFSHORE DRILLING SAYS ITS FINANCIAL RESULTS FOR QUARTERLY PERIOD ENDING DEC 31, 2017 WILL INCLUDE A ONE-TIME CHARGE OF ABOUT $20 MILLION.  Full Article

Diamond Offshore CFO Kelly Youngblood To Resign
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Diamond Offshore Drilling Inc ::DIAMOND OFFSHORE DRILLING - ‍ON NOV 20, CFO KELLY YOUNGBLOOD NOTIFIED COMPANY OF HIS INTENTION TO RESIGN.DIAMOND OFFSHORE DRILLING INC SAYS IT IS CONDUCTING A SEARCH FOR YOUNGBLOOD'S REPLACEMENT​.DIAMOND OFFSHORE DRILLING INC- ‍ON NOV 20, APPOINTED SCOTT KORNBLAU, VICE PRESIDENT AND TREASURER, TO SERVE AS ACTING CFO.  Full Article

Diamond Offshore Drilling reports Q3 earnings per share of $0.08
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Diamond Offshore Drilling Inc :Diamond Offshore announces third quarter 2017 results.Q3 earnings per share $0.08.Q3 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Diamond Offshore Drilling Inc- ‍as of September 30, 2017, company's total contracted backlog was $2.6 billion​.Diamond Offshore Drilling Inc - qtrly total revenues $366 million versus $349.2 million ‍​.Diamond Offshore Drilling Inc - qtrly adjusted earnings per share $0.25‍​.Q3 revenue view $365.0 million -- Thomson Reuters I/B/E/S.  Full Article

Diamond Offshore Drilling says presiding panel of appellate judges ruled unanimously against Petrobras' appeal and upheld injunction
Wednesday, 15 Mar 2017 

Diamond Offshore Drilling Inc : Diamond offshore drilling inc - on march 15, 2017, presiding panel of appellate judges ruled unanimously against petrobras' appeal and upheld injunction .Diamond offshore drilling inc- as a result of favorable ruling, injunction and ocean valor contract each remain in effect - sec filing.  Full Article

S&P Dow Jones indices says Coty Inc will replace Diamond Offshore Drilling Inc in the S&P 500
Tuesday, 27 Sep 2016 

: S&P Dow Jones indices says Coty Inc will replace Diamond Offshore Drilling Inc in the S&P 500 . S&P Dow Jones indices says Diamond Offshore Drilling Inc will replace Polycom Inc in the S&P Midcap 400 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Diamond Offshore says unit received notice of termination from Petroleo Brasileiro
Thursday, 1 Sep 2016 

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 

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 

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 

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

Wall St Week Ahead-U.S. fund managers expect value stocks to jump in 2018

NEW YORK, Jan 5 Value stocks are getting a once-over from some U.S. growth fund managers in early 2018 as they prowl for overlooked shares they think have more upside in a market that gained nearly 20 percent last year.