Diamond Offshore Drilling Inc News
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As the U.S. Treasury sells off its shares of General Motors Co., the automaker is likely to return to the Standard & Poor’s 500 Index in the next year, passing another milestone in its redemption.
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A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers move farther offshore in the hunt for oil.
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Diamond Offshore Drilling Inc., the largest offshore rig contractor in the U.S., fell the most in more than a year after forecasting more downtime for its vessels in 2013 than analysts expected.
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Diamond Offshore Drilling Inc., the largest U.S. deepwater oil driller, fell 5.4 percent in New York trading after announcing a cut to its special dividend.
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Diamond Offshore Drilling Inc., the largest U.S. deep-water oil driller, signed contracts worth as much as $1.8 billion with Anadarko Petroleum Corp . for two new drillships and settled a dispute over a third rig stemming from a Gulf of Mexico drilling moratorium last year.
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Petroleo Brasileiro SA, the world’s largest deep-water oil producer, will stop leasing new rigs as it struggles to contain costs and lift profits.
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U.S. stocks advanced, rebounding from the biggest loss of the year for benchmark indexes, as earnings topped forecasts and Dell Inc. agreed to be taken private in the largest leveraged buyout since the financial crisis.
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Diamond Offshore Drilling Inc. , the largest U.S. deep-water oil driller, agreed to pay Hyundai Heavy Industries Co. about $590 million to build a drillship as crude producers explore farther offshore.
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Helix Energy Solutions Group Inc. is turning into a takeover target after streamlining the company to focus on its expanding operations for offshore oil-well support.
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Loews Corp. Chief Executive Officer James Tisch is the dealmaker who won’t make a deal.
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