Equinor takes over TotalEnergies’ slot for Valaris drillship contract

Offshore drilling contractor Valaris has secured new contracts and extensions, with an associated contract backlog of $181 million. A notable update from the rig owner relates to a drillship contract in the Gulf of Mexico, which has now been novated … Read More

Valaris drillship breaks free of moorings and collides with bulk carrier – gallery

A Valaris drillship and a bulk carrier have collided in Pascagoula, Mississippi with vessels sustaining minor damages as a result. U.S. Coast Guard on Saturday 12 March 2022 responded to a collision near the VT Halter Shipyards and Chevron docks … Read More

Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project

Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance. Premium content Checking for account. You need javascript to validate your … Read More

Here’s what the industry says about Shell’s oil discovery in Namibia

Here’s what the industry says about Shell’s oil discovery in Namibia Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out … Read More

Clash between rig and vessel spotlights safety perils arising from ‘commercial pressure’

The general secretary of the UK’s National Union of Rail, Maritime and Transport Workers (RMT) has warned that the collision between a Valaris-owned rig and a platform supply vessel (PSV) in the North Sea highlights the hidden safety threats arising … Read More

Valaris strikes new long-term deals with ARO Drilling

Offshore rig owner Valaris has been awarded new bareboat charter agreements with ARO Drilling for several jack-up rigs in Saudi Arabia. Valaris 250 (Bob Palmer) rig; Source: Valaris ARO Drilling, a joint venture between Saudi Aramco and Valaris, has signed … Read More

Carnarvon spuds Buffalo well with hopes for economic success to support re-development

A Valaris-owned jack-up drilling rig has started operations at the Buffalo-10 well located in the Timor Sea for Carnarvon Energy, aiming to confirm sufficient hydrocarbons to support the re-development of the field. Valaris JU-107 drilling rig; Source: Carnarvon Energy The … Read More

John Fredriksen firm takes interest in Valaris

Norwegian billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris. Namely, Famatown Finance, a company indirectly controlled by trusts settled by John Fredriksen and a member of the Seatankers Group, has accumulated through … Read More

Western Gas locks in drilling slot for Valaris rig

Western Australian company Western Gas has executed the formal contract with Valaris for the MS-1 semi-submersible rig to drill the Sasanof-1 exploration well off Australia. The Sasanof-1 exploration well is in permit WA-519-P in Commonwealth waters about 207 km northwest … Read More

Offshore drillers see meaningful improvement in market environment

Two giant offshore drilling contractors, Transocean and Valaris, are encouraged by continued and meaningful signs of improvement in the market environment and an increase in rig day rates and contract durations. Previously, reasons for optimism were also visible in the … Read More