Valaris has extended a contract with TotalEnergies, in the UK North Sea, for the Valaris Stavanger. It has also given some more time to Harbour Energy, while scrapping three ageing rigs in the US.
Scottish technology firm Zelim has a simple mission statement at its heart, to “make unmanned search and rescue the industry standard”.
Valaris (NYSE: VAL) has mobilised its 123 jack-up rig for work with Ithaca Energy, Shell and TAQA in the North Sea which could keep it busy for the next two years.
Specialist provider of offshore support services, Interocean Marine Services has carried out an ultra-fast demonstration integrity inspection on the Valaris Viking jack-up rig.
New analysis has highlighted the lack of spare capacity of oil and gas rigs to carry out work in the North Sea.
Valaris has announced its Saudi Arabia joint venture firm, ARO Drilling, has received a notice of suspension on a contract.
The Health and Safety Executive (HSE) has reprimanded Valaris after an 85kg object was dropped on one the company’s rigs that could have resulted in a fatality.
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Shell has confirmed a drilling contract for the Valaris 123 jackup rig for the Selene exploration well and Pensacola appraisal well.
Offshore drilling contractor Valaris (NYSE:VAL) has announced a swathe of new contracts and extensions, with its order backlog rising to $1.14 billion.
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
The rig has repriced from a rate in the “low $200,000s”, the executive said. Now, it is priced at "an effective day rate in the high $400,000s”. The price suggests a day rate of around $488,000.
Valaris has given itself an early Christmas present with the gift of two drillships.
Drilling company Valaris (NYSE: VAL) has been fined £130,000 by an Aberdeen court following a North Sea crane boom collapse in 2016.
An exodus of oil rigs means the North Sea market is expected to “tighten considerably” over the next two years, according to new analysis.
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
Valaris now has a contract backlog of $3.2 billion.
Emergency services attended a fire within a docked oil rig in Dundee on Friday morning.
Investigations are continuing six months after worker Jason Thomas went missing from the Valaris 121 North Sea oil rig.
The Valaris 121 arrived in Dundee in January – where it remained until earlier this week – two days after a worker on board was reported missing.
Drilling rig operator Valaris upped its share repurchases amid a steady quarter in which it grew both its backlog and net income.
Valaris (NYSE: VAL) has landed a pair of North Sea rig deals with operators Harbour Energy (LON: HBR) and NEO Energy.
There are concerns that other North Sea rigs could have the same issue as the Valaris 121, where 50-year-old Jason Thomas went missing in January.
Beach is working in the Taranaki Basin, where it intends to press ahead with phase 2 of the Kupe field development. This is in PML 38146.