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...Access to a rich offshore oilfield adds extra appeal, along with the lure of gold and diamonds onshore. Venezuela’s revolutionary socialist President Nicolás Maduro could not resist the temptation....
...Services contractor Diamond Offshore Drilling, for example, raised $550mn last month to repay earlier credit facilities that came with restrictive covenants....
...The expansion in activity in Namibia by both companies, which operate separate offshore projects, follows the drilling of several successful exploration wells in the past 18 months....
...The drilling programme could last until 2026 with the necessary regulatory approvals, the company said....
...He dabbled in the diamond trade, returning four years later to Gujarat to run his brother’s plastics factory. He began borrowing based on one business to finance expansion into new ones....
...He in effect now runs a mining multinational that includes, according to the US government, gold, diamonds, oil and lumber operations across Syria, Sudan and the Central African Republic....
...Last month people familiar with the matter said that CQS invested in the riskiest slices of derivative products, the performance of which was hit by a spate of bankruptcies such as Diamond Offshore Drilling...
...A recent spate of bankruptcies, such as those of Diamond Offshore Drilling and Whiting Petroleum in April, have knocked the performance of the investments, which can typically sustain up to four defaults...
...Better known in the US for its petrol stations, offshore drilling and the Deepwater Horizon oil spill, BP last year pledged to begin reducing crude production, cutting emissions — including rampant flaring...
...Houston’s Diamond Offshore Drilling filed for bankruptcy, citing the “unprecedented” impact of plunging oil prices and the coronavirus pandemic....
...Offshore drilling company Transocean’s seven-year bond raised last year has risen to 87 cents on the dollar from as low as 31 cents in October....
...Houston’s Diamond Offshore Drilling filed for bankruptcy on Sunday with debts of more than $2.6bn, blaming the “unprecedented” impact of an oil price war and the coronavirus pandemic....
...Houston-based Diamond Offshore Drilling filed for Chapter 11 in April. With total debts close to $7bn, Seadrill’s fate is in the hands of creditors who have few options beyond an equity swap....
...There have been 33 filings to date, including Chesapeake, Whiting Petroleum and Diamond Offshore Drilling. There were only 14 last year....
...Smart reads Precarious metals Mike Nowak’s precious metals trading desk was a diamond fixture in JPMorgan’s crown, until one of his former employees turned on him and told US authorities about systemic...
...The rise was driven by more US shale drilling....
...This process judged the bonds of bankrupt Texan oil company Diamond Offshore Drilling to be worth a little over 7 cents on the dollar last month, for example....
...And Davy with the bigger picture: The result of the Marina-1 well in the Tumbes Basin offshore Peru, while disappointing, should be seen in the context of the normal risk profile associated with drilling...
...The deal will create an offshore specialist with 83 rigs, drilling contracts and operations across six continents, including in the Gulf of Mexico, west Africa, the North Sea and the Middle East, with the...
...Baker Hughes took a 5 per cent stake in Adnoc’s drilling unit....
...For international investors the country is known for its uranium deposits and diamonds but not as an oil and gas frontier. All that may be about to change....
...Drilling gained 6.1 per cent....
...Difficult at times, surely, yet spare a thought for those running the listed companies that operate deepwater drilling rigs....
...Coty shares popped in extended trading after the S&P Dow Jones Indices said the company would replace Diamond Offshore Drilling on the S&P 500....
...Shares in National Oilwell Varco were also 2.2 per cent higher at $39.71, while Ensco gained 4.1 per cent to $10.54 and Diamond Offshore Drilling added 4.2 per cent to $17.49....
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