Diamond Offshore Drilling Inc.
About
Diamond Offshore is a leader in offshore drilling, providing innovation, thought leadership, and contract drilling services to solve complex deepwater challenges around the globe.
Editor's note: Updated April 28, 2021.
Transactions
Noble Closes $1.6B Diamond Acquisition
Noble Closes $1.6B Diamond Acquisition
Hercules Offshore Wraps Up Drilling Rig Purchase From Diamond Offshore
Hercules Offshore Wraps Up Drilling Rig Purchase From Diamond Offshore
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New Financings
Priced public offering its 7.875% senior notes due 2025. Net proceeds and cash on hand will fund the…
Closed its public offering consisting of $250 million 3.45% senior notes due 2023 and $750 million 4.875…
Priced a public offering consisting of $250 million 3.45% senior notes due 2023 and $750 million 4.875%…
Diamond Offshore Drilling Inc./NYSE: DO/Houston US$500 million Closed offering of 5.875% senior unsecured…
Priced the offering 5.875% senior unsecured notes due 2019 to fund general corporate purposes.
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News
Noble Closes $1.6B Diamond Acquisition
Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.
Noble’s $1.59B Diamond Offshore Acquisition Clears Antitrust Hurdle
Noble Corp.’s acquisition of Diamond Offshore Drilling still requires approval by Diamond shareholders as well as regulatory authorization in Australia.
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Noble to Acquire Diamond Offshore Drilling for $1.6B in Cash, Stock
The combination of offshore drilling powerhouses Noble Corp. and Diamond Offshore Drilling will create the “leading tier one drillship fleet,” Noble said.
E&P Highlights: May 20, 2024
Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions.
Deepwater Roundup 2024: Offshore Africa
Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
E&P Highlights: March 4, 2024
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
E&P Highlights: Feb. 12, 2024
Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.
E&P Highlights: Nov. 13, 2023
Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.
E&P Highlights (Nov. 14, 2022): New Eni Startup; Suriname Bid Round
Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.
Former Pacific Drilling CEO Bernie G. Wolford Joins Diamond Offshore
In his appointment, Bernie G. Wolford Jr. succeeds Marc Edwards, Diamond Offshore’s former chairman, president and CEO who retired from the company following its emergence from Chapter 11 bankruptcy last month.
Diamond Offshore Emerges from Bankruptcy, CEO Marc Edwards Retires
In connection with its emergence from Chapter 11, Diamond Offshore also announced that Marc Edwards has retired as chairman, president and CEO, effective immediately.
Shale Companies Look to Bolster Insurance for Directors, Officers
Among the most notable Chapter 11 filings so far have been Whiting Petroleum Corp. and Diamond Offshore Drilling Inc., both of which filed in April.