In the latest weekly update from Baker Hughes, the U.S. oil and gas rig count remained unchanged at 551 for the week ending February 13, 2026. This stability comes after three consecutive weeks of increases, […]
In a landmark move shaking up the offshore drilling sector, Transocean Ltd. (NYSE: RIG) has announced its acquisition of Valaris Limited (NYSE: VAL) in an all-stock transaction valued at approximately $5.8 billion. This deal, unveiled […]
Australia’s offshore safety regulator NOPSEMA has ordered driller Valaris to stop drilling at the Barossa gas field 300 km north of Darwin over concerns regarding crucial safety equipment. Valaris’ 2011-built MS-1 semisub drilling rig was […]
New York-listed offshore driller Valaris has been awarded a five-well contract offshore West Africa for one of its drillships. The contract, awarded to the 2014-built Valaris DS-15 drillship by an undisclosed client, is expected to […]
New York-listed offshore driller Valaris has won several deals and contract extensions for its jackup rig fleet and revealed its plans to rid itself of four rigs. The company won a 600-day priced contract extension […]
Home Fossil Energy Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023 Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and […]
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