Diamond Offshore dives into the red in 4Q

first_imgHouston-based offshore driller Diamond Offshore sank to a loss in the fourth quarter of 2017 as its revenues decreased compared to the same period of 2016. The driller on Monday posted a net loss of $31.94 million for the fourth quarter of 2017 compared to a profit of $116.1 million in the same period of 2016.Diamond’s revenues in the fourth quarter of 2017 dropped to $346.2 million from $391.87 million in the prior-year quarter.“Although market conditions continue to be challenging, we were able to secure additional work for the Ocean Valor and Ocean Valiant, extending both of the rigs’ current contracts through 2020,” said Marc Edwards, President and Chief Executive Officer.“These contract extensions comprise a majority of the additional 48 months of backlog Diamond was able to secure this past quarter.”Edwards went on to say, “The moored market continues to tighten, evidenced by our three other contract wins during the quarter.”Operational efficiency of the company’s fleet was 98.8% in the fourth quarter, compared to 94.3% in the third quarter of 2017, reflecting continued improvements from the company’s Pressure Control by the Hour service model.As of December 31, 2017, the company’s total contracted backlog was $2.4 billion, which represents approximately 21 rig years of work.last_img read more

The Football Association of BiH sent a message to BH Fans

first_imgFootball Association of BiH expressed the gratitude to all the fans who attended the qualifying match Belgium – BiH in Brussels, and loudly cheered for our national team.“Regardless of the match and result, fans have supported our Dragons throughout the match. Furthermore, they showed a very good behavior, since there were no incidents. In this way, they confirmed once again that we have a very loyal audience that supports our best selection whether they win or not, and who knows to gracefully accept everything that happens on the ground even if it is not in accordance with the wishes and expectations,” as released from the Football Association of BiH.From the Football Association of BiH also expressed gratitude towards competent security structures of BiH, on very professional approach and cooperation with the Football Association of BiH, as well as Belgian police for full contribution tin order for match in Brussels to pass without any trouble on the stands, as stated from the Association.(Source: faktor.ba)last_img read more