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NEWS | Valaris nets contracts with TAQA, Cairn Energy, Carnarvon Petroleum

Valaris announced that it has been awarded a contract with TAQA offshore the Netherlands for VALARIS JU-123, a heavy-duty harsh-environment jackup. The contract is expected to commence in Q4 2021 with (...)

NEWS | Carnarvon awards jackup contract to Valaris

ASX-listed Carnarvon Petroleum has signed a contract with offshore driller Valaris to utilise the 2006-built jackup rig Valaris JU-107 for the Buffalo-10 drilling campaign.

NEWS | Valaris to drill down on offshore well contracts

Bermuda-based Valaris Ltd, the offshore drilling services company, has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao To (...)

NEWS | Valaris CEO, CFO step down. Former Seadrill head named acting CEO

President and chief executive officer (CEO) of offshore drilling contractor Valaris will step down from his position effective 2 September 2021.

NEWS | BP Awards Four-well Offshore Contract

BP has awarded drilling contractor Valaris Limited a four-well contract offshore West Africa, Valaris reported Tuesday.

NEWS | Valaris has charter contract extended

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling.

NEWS | Valaris secures three-year rig contract with North Oil company

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a three-year contract with North Oil Company offshore Qatar.

NEWS | Chevron Awards GOM Drilling Contract

Chevron has awarded Valaris Limited a three-year contract securing a drilling unit in the U.S. Gulf of Mexico (GOM), Valaris reported Tuesday.

NEWS | Valaris scores second rig deal in two days

Offshore drilling contractor Valaris is still on a hot streak as it secured another contract extension, this time with Norwegian oil major Equinor.

NEWS | Valaris Wins West Africa Drilling Contract

Total E&P Cote d’Ivoire B.V. has awarded Valaris Limited a one-well contract offshore Ivory Coast, Valaris reported Tuesday.

NEWS | Valaris books first-quarter loss, looks to emerge from Chapter 11

Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later.

NEWS | Valaris Successfully Completes Restructuring

Valaris Limited ("Valaris" or the "Company" and together with its subsidiaries, the "Valaris Group") today announced that, on April 30, 2021, the Valaris Group has successfully completed its financial (...)

NEWS | Valaris set to emerge from chapter 11 after court approves restructuring plan

Offshore driller Valaris is planning to emerge from chapter 11 early next quarter after it received approval from the US Bankruptcy Court for its prearranged plan of reorganisation.

NEWS | Valaris plc Announces Amended Restructuring Support Agreement and Backstop Commitment Agreement

Valaris plc ("Valaris" or, together with certain of its affiliates, the "Company") today announced that, on February 5, 2021, the Company, certain holders ("Noteholders") of the Company's outstanding (...)

NEWS | Ship adrift in high winds sparks rescue operation

Power has been restored to a drilling vessel which broke free from its moorings off the North Ayrshire coast.

NEWS | BP starts drilling Platina field offshore Angola

Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.

NEWS | Valaris gains access to additional liquidity

Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process.

NEWS | Valaris files for Chapter 11 restructuring

Valaris has entered into a binding Restructuring Support Agreement (RSA) and Backstop Commitment Agreement (BCA) with approximately 50% of its noteholders.

NEWS | ConocoPhillips gets safety nod to use Valaris rig for Ekofisk wells

ConocoPhillips has received consent from the Norwegian offshore safety watchdog, Petroleum Safety Authority (PSA), to use the Rowan Norway rig (Valaris JU-292) on the Ekofisk field offshore Norway.

NEWS | Transocean: 2019 Marked Beginning of Offshore Sector's Recovery

Valaris, the offshore drilling company formed by the merger of Ensco and Rowan, reported Thursday that it recorded a loss of $215 million in the fourth quarter of 2019 - about the same as the loss it (...)

NEWS | Valaris and Saudi Aramco JV orders newbuild jack-up rigs

ARO Drilling, a 50:50 joint venture (JV) between offshore drilling contractor Valaris and state-owned oil firm Saudi Aramco, has ordered two newbuild jackup rigs.

NEWS | Drilling Rig Contract Awarded For Seagull Project

Neptune Energy and its joint venture partners BP and JAPEX recently announced Valaris plc has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil proje (...)

NEWS | Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy and its joint venture partners BP and JAPEX announced Valaris has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK (...)

NEWS | Ensco Rowan changes name to Valaris

The newly merged offshore driller Ensco Rowan said it will change its name to Valaris as the London-based firm charts a new path.
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