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johnsyn

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johnsyn

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Wednesday, 10/03/2012 3:50:32 PM

Wednesday, October 03, 2012 3:50:32 PM

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3:21 PM Offshore drilling is in a "very, very strong” position thanks to global rig demand and the booming oil and gas E&P business, Diamond Offshore (DO -1.9%) chairman James Tisch tells CNBC. Dayrates for sixth-generation rigs have risen from $400K/day a few years ago to $550K-$600K now, he says; natural gas is “transformative for our economy."

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