(Noble, 5.Nov.2024) — Noble Corporation plc, which closed the Diamond Offshore Drilling, Inc. acquisition on 4 Sep. 2024, is now looking to capture value, the company’s president and CEO Robert W. Eifler said. “We are excited to have closed on the Diamond acquisition during the third quarter, enabling us to start […]
Tag: Diamond Offshore Drilling
Noble Corp. Closes Diamond Acquisition
(Noble, 4.Sep.2024) — Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]
Diamond Offshore Reports 2Q:24 Results
(Diamond Offshore, 6.Aug.2024) — Diamond Offshore Drilling, Inc. reported the following results for the second quarter of 2024: Bernie Wolford, Jr., President and Chief Executive Officer of Diamond Offshore, stated, “We are pleased with our second quarter results, achieving adjusted EBITDA of $58mn, which is in line with our guided range. […]
Noble and Diamond Offshore Provide Transaction Update
(Noble, 25.Jul.2024) — Noble Corporation plc and Diamond Offshore Drilling, Inc. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in relation to the pending merger between Noble and Diamond, expired at 11:59 ET on 24 July 2024. Completion of the transaction is subject to the satisfaction […]
Noble Publishes Form 8-K Pertaining to Diamond Deal
(Energy Analytics Institute, 11.Jun.2024) — Noble Corporation plc published its current report on Form 8-K pertaining to the announced transaction with Diamond Offshore Drilling, Inc. ____________________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
Noble to Acquire Diamond Offshore
(Noble, 10.Jun.2024) — Noble Corporation plc (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (NYSE: DO) entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration […]
Diamond Offshore Reveals New Floater Commitments
(Diamond Offshore, 8.Feb.2024) — Diamond Offshore Drilling, Inc. (NYSE: DO) executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in Sep. 2024 in direct continuation of the rig’s current contract. This contract extension represents approximately $350mn of additional backlog. […]
Aquadrill Announces Charter Hire Agreement for the VelaÂ
(Aquadrill, 15.Dec.2023) — Aquadrill LLC extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “manager”) to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a 150 day drilling contract with a total expected contract […]
Diamond Offshore Reveals New Contract Offshore Australia
(Energy Analytics Institute, 31.Aug.2022) — Diamond Offshore Drilling, Inc. (NYSE: DO) revealed that Inpex Operations Australia Pty Ltd entered into a new contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia. The contract is expected to start in the fourth quarter of 2023 in direct continuation […]
Aquadrill Announces Charter Hire Agreement for the Vela
(Aquadrill, 31.Aug.2022) — Aquadrill LLC has extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a drilling contract with a minimum duration of 225 days, plus […]
Diamond Offshore Reports 1Q:22 Drilling Contract Revenue of $150mnÂ
(Diamond Offshore, 10.May.2022) — Diamond Offshore Drilling, Inc. (NYSE: DO) reported the following results for the first quarter of 2022. Three Months Ended Thousands of dollars, except per share data 31 Mar. 2022 31 Dec. 2021 Total revenues $186,239 $227,278 Operating loss (33,916) (127,296) Adjusted operating (loss) income (33,916) 5,153 Adjusted […]
Aquadrill Announces Contract Award For The Vela
(Aquadrill, 4.Mar.2022) — Aquadrill LLC entered into a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “Manager”) to provide the Vela, an MPD outfitted 7th generation drillship, for a one well drilling contract plus one well priced option for operations in the US Gulf of Mexico. The […]
Diamond Commences Chapter 11 Proceedings
(Diamond, 27.Apr.2020) — Diamond Offshore Drilling, Inc. 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 (the “Chapter 11 Cases”). Diamond intends to use the proceedings to […]