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What happened to Diamond Offshore Drilling?

Diamond Offshore Drilling (OTCPK:DOFSQ), a premier player in the space in terms of fleet age and safety record, fully restructured its balance sheet last year via a Chapter 11 filing, and although it emerged from bankruptcy on April 24, 2021 with virtually no debt, it is failing to record healthy operating and net …

Who owns Diamond Offshore Drilling?

Loews Corporation
Carolina Group
Diamond Offshore Drilling/Parent organizations

How many rigs does Diamond Offshore have?

15 offshore drilling rigs
Diamond Offshore Drilling, Inc. is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 15 offshore drilling rigs, consisting of 11 semisubmersibles and four dynamically positioned drillships.

What happened to Dofsq?

On April 8, 2021, U.S. Bankruptcy Court for the Southern District of Texas Houston Division confirmed the Second Amended Joint Chapter 11 Plan of Reorganization of Diamond Offshore Drilling, Inc. The Plan became effective on April 23, 2021, and all existing DOFSQ shares were cancelled.

How many rigs does Transocean have working?

Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

Is Diamond Offshore publicly traded?

before becoming Diamond Offshore Drilling, Inc. in 1993. In October 1995, the company once again became a public company via an initial public offering, listing on the New York Stock Exchange.

Who is CEO of Diamond Offshore?

Marc Edwards (Mar 3, 2014–)
Diamond Offshore Drilling/CEO

Why is offshore drilling bad?

Offshore Drilling Is Bad for the Environment. Oil Spills: On average, spills from platforms, pipelines, tankers, and coastal facilities release 157,000 barrels of oil every year. Toxic Pollution: Normal offshore drilling operations release toxic pollution into the air and water.

Can you buy Diamond Offshore Drilling stock?

, you can buy Diamond Offshore Drilling Inc stock in any dollar amount, or any other fund or stock you know on Stash.

Is Diamond Offshore going out of business?

To remind, Diamond Offshore started voluntary Chapter 11 proceedings back in April 2020. The company entered into a restructuring agreement to deleverage its balance sheet and emerge from Chapter 11 bankruptcy in late January 2021.

Who is owner of Transocean?

Transocean Ltd.
Transocean/Parent organizations

How much do Transocean employees make?

How much does Transocean pay per year? The average Transocean salary ranges from approximately $82,811 per year for a Roustabout to $128,698 per year for a Crane Operator. Transocean employees rate the overall compensation and benefits package 3.9/5 stars.