Diamond Offshore Drilling, Inc. Declares Special Cash Dividend of $1.875 Per Share

Diamond Offshore Drilling, Inc. announced that the Company has declared a special cash dividend of $1.875 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 1, 2009 to shareholders of record on August 3, 2009. The Company has adopted a policy of considering paying special cash dividends, in amounts to be determined,... 

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Rowan Obtains 785-Day Contract for Jack-up Gorilla IV

Rowan Companies, Inc. announced that it has signed an agreement with Petroleos Mexicanos for Rowan’s Gorilla IV, with work commencing in the second quarter of 2009. The contract is expected to provide approximately $124 million of drilling revenues. Matt Ralls, Rowan’s President and Chief Executive Officer, commented, “We are delighted for this opportunity to further diversify our... 

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Pride International, Inc. Announces Management Appointment to Mat-Supported Jackup Business

Pride International, Inc. announced that Steven A. Manz has been appointed to the position of Vice President and Chief Financial Officer of Pride’s mat-supported jackup rig business and will join the company immediately. The decision follows the appointment in September 2008 of Randall D. Stilley to the role of Chief Executive Officer of the business. Mr. Manz was most recently a Director of... 

Transocean Inc. Announces Five-Year Contract for Previously Announced Ultra-Deepwater Drillship

Transocean Inc. announced that a five-year contract has been executed with a client for a previously announced ultra-deepwater newbuild drillship equipped for drilling in up to 10,000 feet of water depth, upgradable to 12,000 feet of water depth with additional equipment, and constructing wells up to 40,000 feet total depth. The rig is listed in the Transocean Fleet Update Report dated August 5, 2008,... 

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Diamond Offshore Drilling, Inc. to Present at Loews Investor Meeting

Diamond Offshore Drilling, Inc. announced that it will provide an overview of the offshore drilling industry and discuss the Company’s strategic initiatives at the Loews Corporation Investor Meeting in New York on Wednesday, November 5, 2008. Presentations by Loews’ senior management and the senior management of its subsidiary companies will commence at 8:30 a.m. Eastern Time and conclude by approximately... 

Diamond Offshore Drilling, Inc. Increases Special Cash Dividend to $1.875 Per Share

Diamond Offshore Drilling, Inc. announced that the Company has declared an increased special cash dividend of $1.875 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on December 1, 2008 to shareholders of record on November 3, 2008. The Company has paid special cash dividends of $1.25 per share of common stock in each of... 

Diamond Offshore Drilling, Inc. Schedules Conference Call/Web Cast for Third-Quarter 2008 Results

Diamond Offshore Drilling, Inc. announced today that it will issue a press release and host a conference call and web cast related to its third-quarter operating results on Thursday, October 23, 2008. The conference call and web cast will include a discussion by management regarding the Company’s results of operation, as well as an operating overview. The call will begin at 9:00 a.m. CST. The number... 

Diamond Offshore Drilling, Inc. Reports All Rigs Maintained Station During Hurricane Ike

Diamond Offshore Drilling, Inc. reported that tracking devices indicate all of the Company’s rigs maintained station during Hurricane Ike, and 10 of 12 units most impacted by the storm appear to have suffered relatively little or no damage according to reports from start-up crews and visual air inspections. Of the remaining two, visual inspections by air indicate the 350-ft. IC jack-up rig Ocean... 

Service Contract for Uranium Exploration Awarded to Terra Insight Services

Terra Energy & Resource Technologies, Inc., an energy and natural resource exploration technology company, announces that it has been awarded a $300,000.00 service contract. According to the contract signed with SEMMEOUS LION MINING LTD. (SLM), a Niger firm, the Company is to apply its proprietary STeP® technology in prospecting for uranium on SLM’s license blocks. “It is exciting... 

LeTourneau Technologies and Lamprell Energy Contract for Newbuild Jack-up Rig Kit

Rowan Companies, Inc. (NYSE:RDC – News) announced today that its wholly-owned subsidiary, LeTourneau Technologies, Inc., has entered into a contract to furnish a kit and license to Lamprell Energy, Ltd. for the construction of a third Super 116E class jack-up rig. The rig will be built at Lamprell’s Jebel Ali facility located in the United Arab Emirates with delivery expected in June 2010....