Tuesday, June 25, 2019

Loews Corp News

Diamond Offshore Shares Buoyant

As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017 Diamond Offshore reported better-than-expected quarterly profits…

New Contracts Drive Diamond Offshore's Profit

Diamond Offshore on Monday reported a better-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at a higher rate, sending its shares up 13 percent in pre-market trading.

Diamond Offshore Beats the Street on Cost Cuts

Diamond Offshore Drilling Inc reported a higher-than-expected quarterly profit, helped by lower costs. Total operating expenses in the quarter fell 10 pct to $323.36 million. Contract drilling revenue…

Diamond Offshore Sees Recovery when Oil 'Well over $60'

Photo: Diamond Offshore Drilling Inc

Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said on Monday oil prices needed to be "well over $60" to spur a recovery in offshore drilling. The company's shares…

Diamond Offshore's Profit beats Street

Diamond Offshore Drilling reported a higher-than-expected quarterly profit as the company cut costs to cope with lower demand for its rigs amid a slump in oil prices. The rig contractor has scrapped dividend…

Diamond Offshore Beats Street on Lower Costs

May 2 (Reuters) - Rig contractor Diamond Offshore Drilling Inc reported a higher-than-expected quarterly profit as its ongoing cost-cutting measures pay off. The company has scrapped its dividend,…

Diamond Offshore Profit Beat Street on Rig Demand

Total operating expenses also down 10.5 pct. Diamond Offshore Drilling Inc, one of the world's top-five offshore rig contractors, reported a much higher-than-expected quarterly profit, helped by demand…

Loews Profit Hurt by Diamond Offshore Earnings

Hotel, energy and financial services conglomerate Loews Corp reported a 57 percent drop in quarterly profit due to lower earnings from Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors.

Diamond Offshore Shares on the Rise

Photo courtesy Diamond Offshore

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares up as much as 10.5 percent.

Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling. Contract drillers…