Diamond Offshore Revenue Rises on Ultra-deepwater Demand
years ago are starting to be delivered, so it's driving revenue higher in the near term," ISI Group analyst James West said. Offshore drillers such as Noble Corp, Transocean Ltd and Ensco Plc are taking a hit because their customers are moving away from expensive offshore production. Hercules Offshore Inc reported a 1.5 percent drop in its third-quarter revenue on Wednesday due to softened drilling activities and lower rigs utilization. Offshore drillers are expected to post a 14 percent drop in revenue on average, while their onshore peers are expected to report a more than 16 percent
Hercules Offshore Fleet Status, Date Set for 2013 Financial Reports
its January 22, 2014 Fleet Status Report, and gives notice of its Fourth Quarter and Full Year 2013 Earnings Release Date and Conference Call. Fleet Status Report The latest report contains detailed contract information for each of the Company's drilling rigs. The Report also includes the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for December 2013, including revenue per day and operating days. The Report can be found on the Company's website at <www.herculesoffshore.com> under the "Investor Relations" section
U.S.-based Hercules Offshore Sells Most of Inland Fleet
Hercules Offshore agrees sale of 11 inland barge rigs, which includes three active rigs, eight cold stacked rigs and related assets (Inland Asset Package) for cash proceeds of approximately $45 million. Excluded from the 'Inland Asset Package' are the Hercules 27, for which the Company has a separate agreement to sell the rig to a third party for $5 million, the Hercules 52, and the Hercules 9. The Company will also retain existing working capital within the Inland segment. Closing will be staggered based on the expiration dates of existing contracts on the three active rigs and
February 2025
