According to Pacific Drilling (PACD), no company in the industry has placed orders to build new, high-specification semi-submersibles or drillships since April 2014. The company estimates that ...

Pacific Drilling’s (PACD) drilling revenue for 1Q16 fell by 23% to $205 million from $268 million in the prior quarter. The company’s revenue was 27% lower than $283 million in 1Q16. What impacted its ...

Houston's Pacific Drilling said Thursday it's considering filing for Chapter 11 bankruptcy protection as the company teeters on the edge of defaulting on loan agreements at the end of September. The ...

Pacific Drilling's stock price has not been affected by the weakness in the offshore drilling industry at all. However, the company may be more exposed to the market weakness than Wall Street seems to ...

Pacific Drilling reports its fourth-quarter results and provides an updated fleet status report which shows that drillship Pacific Meltem is mobilized to U.S. Gulf of Mexico. While the negative cash ...

Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt. The company, which had previously filed for ...

Pacific Drilling's earnings report was quite weak even when compared to the fourth quarter 2016. The company continues to struggle to obtain contracts for its rigs resulting in low fleet utilization.

Pacific Drilling has filed a reorganisation plan after months of mediation and negotiations in its Chapter 11 bankruptcy case, a path forward that would strike debt off its balance sheets and raise an ...

About Pacific Drilling With its best-in-class drillships and highly experienced team, Pacific Drilling is committed to becoming the industry’s preferred high-specification, deepwater drilling ...

Houston's Pacific Drilling said Thursday it's considering filing for Ch. 11 bankruptcy protection as the company teeters on the edge of defaulting on loan agreements at the end of September. The ...

LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (NYSE: PACD) (“Pacific Drilling” or the “Company”) today reported results for the first quarter of 2020. Net loss for first-quarter 2020 was $61.0 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Does US-listed Pacific Drilling look like a credible takeover target? We think it probably does, 0n balance, ...