Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that Scott Kornblau has been appointed Senior Vice President and Chief Financial Officer, effective immediately. Mr. Kornblau has over 20 years of finance and accounting expertise working in the energy industry. Mr. Kornblau joined the Company in 1997 as Senior Accountant and has served in several finance and accounting leadership positions since.
Diamond Offshore Drilling, Inc. (ticker: DO) and Petróleo Brasileiro S.A.-Petrobras (ticker: PBR) agreed on Thursday, January 4, 2018 to settle a pending lawsuit and amend the Ocean Valor drilling contract. In August 2016, a subsidiary of Diamond Offshore Drilling, Inc. received notice of termination from Petrobras of its drilling contract on the Ocean Valor. The drilling contract was originally estimated to conclude in
Diamond Offshore Drilling (ticker: DO) Q3 highlights: Net income of $11 million, or $0.08 per diluted share Adjusted net income of $34 million, or $0.25 per diluted share, excluding costs associated with the redemption of our 2019 senior notes Diamond Offshore fleet updates Diamond Offshore said operating efficiency, excluding planned downtime, was 98.5% in Q3 One sixth-generation drillship drilled and
CEO sees utilization, pricing power returning in 2H 2019 Diamond Offshore (ticker: DO) produced a net income of $15.9 million for Q2. Diamond’s president and CEO Marc Edwards noted that the company “secured two new contracts” despite the fact that the “market remains challenged.” The company’s new contracts are for its Ocean Guardian rig, first operating with Azinor Catalyst in
Former Halliburton VP Joins Diamond Offshore Drilling as CFO HOUSTON, May 2, 2016 /PRNewswire/ — Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to be effective May 3, 2016. Mr. Youngblood succeeds Gary T. Krenek, who is retiring after 33 years of service to the Company and its predecessors.
OilService Companies are Finding Ways to Make Business Work in this Price Environment The people working in American industry can be pretty darned resilient and very creative when markets get rough. Oil and gas producers and oilservice companies are certainly no exception. Companies in and around the businesses associated with oil production are finding new ways to do things better, cheaper, faster and with more
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