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Diamond Offshore - DO STOCK NEWS

Welcome to our dedicated page for Diamond Offshore news (Ticker: DO), a resource for investors and traders seeking the latest updates and insights on Diamond Offshore stock.

Diamond Offshore Drilling, Inc. (DO) delivers essential contract drilling services through its advanced deepwater fleet, serving energy producers in complex offshore environments. This news hub provides investors and industry professionals with centralized access to the company's latest operational milestones and strategic developments.

Our curated collection features official press releases and verified news covering new contract awards, rig fleet upgrades, and safety achievements. Stay informed about DO's operational performance in key markets like the U.S. Gulf of Mexico and global deepwater basins through timely updates on drilling innovations and regulatory compliance initiatives.

Key focus areas include updates on deepwater drilling technologies, harsh environment operations, and strategic partnerships that demonstrate the company's industry leadership. The resource is particularly valuable for tracking DO's execution of time-charter agreements and its responses to evolving energy market demands.

Bookmark this page for streamlined monitoring of Diamond Offshore's operational updates and corporate announcements. Combine these verified news sources with market analysis tools to maintain a complete perspective on this offshore drilling specialist's market position.

Rhea-AI Summary
Diamond Offshore Drilling, Inc. (DO) reported strong financial results for Q4 2023 with total revenues of $297.6 million, a significant increase from the previous quarter. The company secured $362 million in contract awards year to date 2024, adding to a total backlog of $1.4 billion. Operational highlights include revenue efficiency of 95% across the fleet and successful contract commencements in the Gulf of Mexico and Brazil. Despite a net loss, Diamond Offshore's CEO highlighted the company's progress in improving its capital structure and securing new contracts, positioning it for future growth.
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Diamond Offshore Drilling, Inc. (DO) has signed a two-year contract extension with a bp subsidiary in the U.S. Gulf of Mexico, worth approximately $350 million, and a drilling contract with Serica Energy (UK) Limited for two plug and abandonment wells in the U.K. North Sea, valued at over $10 million. The CEO, Bernie Wolford, Jr., expressed confidence in the drillship market and the company's crews.
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Diamond Offshore Drilling, Inc. (DO) will release its fourth quarter 2023 operating results on February 27, 2024, followed by a conference call and webcast on February 28, 2024 to discuss the results.
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Diamond Offshore Drilling, Inc. (NYSE: DO) announces a drilling contract with an independent operator to utilize the Ocean BlackRhino for work offshore Guinea-Bissau. The one-well contract represents $15.4 million of additional backlog, with work expected to commence in July 2024.
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Diamond Offshore Drilling, Inc. reported $245 million in revenue for Q3 2023, a decrease from the previous quarter. The company was awarded $240 million in new contracts, including a 35-well P&A campaign for the Ocean Patriot. They also issued $550 million in senior secured second lien notes and completed a refinancing transaction. The company's rigs achieved a revenue efficiency of approximately 95% during the quarter.
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Diamond Offshore Drilling to release Q3 2023 operating results
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Pickering Energy Partners acted as a Co-Manager on the $550M upsized private placement of senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO).
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Diamond Offshore Drilling, Inc. announces pricing of $550 million private placement of Senior Secured Second Lien Notes due 2030.
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Diamond Offshore Drilling, Inc. intends to offer $500 million in Senior Secured Second Lien Notes due 2030 to repay debts and for general corporate purposes.
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Diamond Offshore Drilling, Inc. to present at upcoming conferences
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Diamond Offshore

NYSE:DO

DO Rankings

DO Stock Data

1.44B
102.00M
0.93%
92.97%
4.4%
Oil & Gas Drilling
Drilling Oil & Gas Wells
Link
United States
HOUSTON