After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low. The rig company, which has headquarters in Houston, reported a net loss for the second quarter of $589.9 million, against a profit last year of $87.4 million. So far this year, the company said it sidelined or scrapped at least three of its deepwater rigs in an effort to cut costs at least through the second half of 2016. Last week, oilfield services companies Schlumberger and Weatherford International said in separate statements that, from their perspective, the market, particularly in North America, hit the bottom at some point during the second quarter. Continuing a […]