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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:57 EDTSTO, DODiamond Offshore announces contract termination on Ocean Vanguard
Diamond Offshore Drilling (DO) announced that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible Ocean Vanguard from Statoil ASA (STO), its customer for the rig. The contract provides for a dayrate of approximately $454,000 and was estimated to conclude in accordance with its terms in late February 2015. Diamond Offshore disputes Statoil's basis for terminating the contract and intends to defend its rights under the drilling contract.
News For DO;STO From The Last 14 Days
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February 11, 2016
05:17 EDTSTOTechnip awarded fabrication, installation contracts by Statoil
Technip (TKPPY) was awarded by Statoil ASA (STO) two lump sum contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The Johan Sverdrup field is one of the largest oil fields in the North Sea and was discovered late 2011. The first development phase is targeted to be on-stream in 2019. The Oseberg Vestflanken 2 project is a development of the oil and gas structures Alfa, Gamma and Kappa, approximately located at 8 kilometers northwest of the Oseberg field center.
February 8, 2016
11:36 EDTDOLoews says Diamond 'ready to weather the storm'
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11:16 EDTDOLoews says Diamond 'working hard to control expenses'
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11:13 EDTDOLowes' Tisch: Chaos 'continues to reign' over energy market
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11:07 EDTDODiamond Offshore says board discontinues quarterly dividend
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06:12 EDTDODiamond Offshore, GE Oil & Gas enter first-of-its-kind CSA
Diamond Offshore Drilling (DO) and GE Oil & Gas (GE) announced the offshore drilling industry's first-of-its-kind contractual service agreement, or CSA, that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour model, Diamond Offshore will compensate GE Oil & Gas only when the BOP is available. This 10-year collaborative arrangement for GE's engageDrilling Services showcases a new way of thinking to drive continuous improvement in deepwater drilling. The arrangement will include GE purchasing the BOP systems aboard Diamond Offshore's four drillships, currently located in the U.S. Gulf of Mexico, for a total of $210M.
06:05 EDTDODiamond Offshore reports Q4 EPS ($1.79), may not compare to consensus 54c
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February 5, 2016
07:15 EDTDODiamond Offshore volatility elevated into Q4 and outlook
Diamond Offshore February call option implied volatility is at 69, March is at 59; compared to its 52-week range of 39 to 82, suggesting large near term price movement into the expected release of Q4 results on February 8.
February 4, 2016
05:45 EDTSTOStatoil reports Q4 adjusted earnings NOK 15.2B vs. NOK 26.9B last year
Statoil delivered equity production of 2,046 mboe per day in Q4. Statoil's net operating income according to IFRS for Q4 was NOK 1.7B, compared to NOK 9.0B in the same period in 2014.
February 1, 2016
13:49 EDTSTOS&P cuts rating on Shell, puts several other EU oil majors on watch
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