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Transocean LTD (NYSE:RIG) Goes Deep With Shallow-Rig Fleet Sale

Many analysts in the oil industry can’t believe nor explain the inevitable rebalancing of the global oil market. According to many, the price curve of the oil market will remain flat up to next year or even the year to follow. Even the IEA and OPEC are conservatively projecting $60 by the end of 2017. […]

Experts Say Diamond Offshore Drilling Inc (NYSE:DO) May Drop Dividends

Boston, MA 11/28/2014 (wallstreetpr) – The fallout in the oilfield services industry may push Diamond Offshore Drilling Inc (NYSE:DO) to act like Seadrill Ltd (NYSE:SDRL) in a recent dividend move. The latter moved to suspend dividends as it seeks to save money and cut its huge debt. According to an article on Street Insider quoting […]

Diamond Offshore Drilling Inc (NYSE:DO) And Norway’s Statoil Ocean Vanguard Rig Contract Terminated

Boston, MA 06/05/2014 (wallstreetpr) – The rig contract signed between Diamond Offshore Drilling Inc (NYSE:DO) and Norway’s Statoil has been cancelled eight months prior to the expected date. Norway’s Statoil’s spokesperson on June 4, 2014 announced about cancellation of the contract between the two. Expected Time of the Contract to End The rig contract between […]

Q3 2013 result of Diamond Offshore Drilling Inc (NYSE:DO)

The third quarter reports of Diamond Offshore Drilling Inc (NYSE:DO) were made available on 24th October, 2013. In the report, the company in the last 22 years has only suffered one significant customer credit issue. But, the events handled by the organization have managed to add on 2 clients which would be used for the […]