TotalEnergies books Valaris drillship

Offshore drilling contractor Valaris has been awarded a one-well contract for a drillship with Total for operations offshore Ivory Coast. Valaris said on Tuesday that the contract has been awarded to the drillship Valaris DS-12. The contract is expected to … Read More

Valaris secures more jack-up work with Mubadala

Offshore drilling contractor Valaris has been awarded a contract extension for one of its jack-up drilling rigs by Mubadala Petroleum. Valaris said on Monday that the extension with Mubadala was for 240 days and that it would be working under … Read More

Valaris hauls in sixteen new contracts and extensions

The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies. In its latest fleet status report, the offshore driller said that its 2014-built … Read More

Valaris emerges from Chapter 11 free of $7.1bn of debt

Offshore drilling contractor Valaris has completed its financial restructuring and emerged from the Chapter 11 bankruptcy by eliminating $7.1 billion of debt. Valaris filed for bankruptcy protection in an attempt to restructure its debt, amid a challenging market environment, back … Read More

Valaris gets safety order over incident with BOP ram door

Norwegian offshore safety authority has found serious breaches of regulations on a Valaris rig following an investigation of an incident from September 2020, which occurred while the rig was working for Equinor. Norway’s Petroleum Safety Authority (PSA) said on Thursday … Read More

Valaris drillship breaks free from moorings off Scotland

A Valaris-owned drillship has reportedly broken free from moorings at a port in Scotland prompting the need for a rescue operation. Valaris drillships at Hunterston Terminal in Ayrshire; Photo credit: Friends of the Firth of Clyde BBC reported on Wednesday … Read More

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. Valaris voluntarily filed for a Chapter 11 financial restructuring in the United States … Read More