Diamond Offshore slips to the red

Houston-based offshore driller Diamond Offshore recorded a loss in the second quarter amid impairment charges and lower revenues. 

The driller on Monday posted a net loss $69.27 for the second quarter of this year compared to a profit of $15.95 million in the same period last year.

This includes rig impairment charges totaling $27.2 million and a charge of $1.3 million on restructuring.

Diamond’s revenues slipped to $268.86 million compared to $399.29 million in the prior-year quarter.

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