Diamond Offshore Expands Drilling in Gulf of Mexico, Pegs Capital Spending for 2015 at $920 Million

SUGAR LAND--August 4, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Drilling services provider Diamond Offshore Drilling Incorporated (NYSE:DO) (Houston, Texas) reported a narrow uptick in profits for second-quarter 2015. The small increase likely was envied by other companies related to the oil & gas exploration and production market, where last year's plunge in prices continues to pummel bottom lines. Diamond's growing role in the Gulf of Mexico, where two of its ships began work this quarter, is among the factors keeping its earnings afloat. Industrial Info is tracking about $9 billion in projects involving Diamond.

Within this article: Detail on Diamond's quarter and projects, including one of the largest offshore plans in Europe and the Stampede project in the Gulf of Mexico.

Other companies featured: Exxon Mobil Corporation (NYSE:XOM), Hess Corporation (NYSE:HES)