HOUSTON, March 24, 2022 /PRNewswire/ -- Diamond Offshore Drilling Inc. today announced that the Company has received approval to relist its unrestricted common stock on the New York Stock Exchange under the ticker symbol "DO." The Company expects the common stock to commence trading on or about Wednesday, March 30, 2022. Bernie Wolford, Jr [...]
Diamond Offshore Drilling Inc. announced today that Bernie G. Wolford Jr. has been named the Company's President and Chief Executive Officer and will also serve on the Board of Directors. Mr. Wolford succeeds Marc Edwards, who retired from the Company as Chairman, President and Chief Executive Officer on April 23, 2021 when the Company and its [...]
Diamond Offshore Drilling Inc. announced today that, on April 23, 2021, it and its debtor affiliates emerged from their chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization. The restructuring significantly delevers the Company's balance sheet and provides substantial liquidity [...]
Diamond Offshore Drilling Inc. today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for future growth [...]
Diamond Offshore Drilling Inc. today announced that the Company's common stock has begun trading on the OTC Pink markets under the symbol "DOFSQ." ABOUT DIAMOND OFFSHORE Diamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe [...]
Diamond Offshore Drilling Inc. today announced that the Company received notification from the staff of NYSE Regulation, Inc. that it has determined to commence proceedings to delist the Company's shares of common stock. NYSE Regulation determined that the Company was no longer suitable for listing pursuant to Listed Company Manual Section 802.01D [...]
Diamond Offshore Drilling Inc. today announced that the Company and select subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas . Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a [...]
Loews Corporation today reported net income for the year ended December 31, 2019 of $932 million, or $3.07 per share, compared to $636 million, or $1.99 per share, in 2018. For the three months ended December 31, 2019, Loews reported net income of $217 million, or $0.73 per share, compared to a net loss of $165 million, or $0.53 per share, in the [...]
Diamond Offshore Drilling Inc. today reported the following results for the fourth quarter of 2019: Three Months Ended Thousands of dollars, except per share data December 31, 2019 September 30, 2019 Total revenues $ 276,376 $ 254,020 Operating loss Adjusted operating loss Net loss Adjusted net loss Loss per diluted share $ $ Adjusted loss per [...]
Diamond Offshore Drilling Inc. announced today that it will issue a press release and host a conference call and webcast related to its fourth quarter 2019 operating results on Monday, February 10, 2020. The conference call and webcast will begin at 8:00 a.m. CST and will include a discussion by management regarding the Company's results of [...]
ITC Global, a leading provider of satellite communications to remote and harsh environments, announced today that it has been selected by Diamond Offshore Drilling Inc. to deliver connectivity for corporate network, advanced client services and crew welfare applications on 10 rigs across its globally dispersed fleet of offshore drilling rigs [...]
Loews Corporation today reported net income of $72 million, or $0.24 per share, for the three months ended September 30, 2019, compared to $278 million, or $0.88 per share, in the comparable prior year period. Net income for the nine months ended September 30, 2019 was $715 million, or $2.34 per share, compared to $801 million, or $2.49 per share [...]
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