Valaris News

Valaris Nets Over $1B in Rig Contract Awards and Extensions

Jan 10, 2024

Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023…

Interocean Opens New Scotland Facilities

Jul 08, 2024

Interocean Marine Services announced its expansion into new Aberdeen and Glasgow premises, reinforcing growth for the maritime experts.Coordinated by FG Burnett, the new Aberdeen warehouse and workshop facility - which are located in Aberdeen’s…

Esgian Week 26 Report: Drilling Activity is High

Jun 30, 2024

Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship…

Esgian Week 27 Report: A Lull in Contracting

Jul 07, 2024

Esgian provides an update on the current lull in contracting in its Week 27 Rig Analytics Market Roundup.Report SummaryContractsAban Offshore-owned 250-ft jackup Aban II has received a letter of award (LOA) from Oil India for an offshore work program in Andhra Pradesh…

Deltic Energy Withdraws from Shell-Operated Pensacola Discovery in North Sea

Jun 11, 2024

AIM-listed natural resources investing company Deltic Energy has withdrawn from the Shell-operated license in the Southern North Sea due to the inability to secure a farm-out or an alternative funding solution for its commitments related to the Pensacola appraisal well…

Deltic Energy Gets More Time to Secure Pensacola Appraisal Well Funding

Jun 03, 2024

Shell, the operator of Pensacola discovery in the North Sea, has granted short period of additional time to partner Deltic Energy to secure funding associated with its share of costs for an appraisal well.In its capacity as Licence Operator of P2252…

Valaris Jack-up Using AI for Man Overboard Detection

May 07, 2024

A Valaris jack-up drilling rig is using an AI-enabled intelligent detection and tracking solution to provide automated person overboard detection and alerts, marking the first time the cutting-edge technology has been deployed in the offshore oil and gas sector…

Esgian Week 21 Report: Tender Opportunities Emerging in Africa

May 26, 2024

Esgian provides an update on new commitments confirmed for Odfjell Drilling and Borr Drilling rigs and new tender opportunities emerging in Africa in its Week 21 Rig Analytics Market Roundup.Report SummaryContractsEquinor has exercised an option to extend the use of Odfjell Drilling’s 10…

ARO Drilling Welcomes New Jack-Up Rig Named ‘Kingdom 2’

May 22, 2024

Offshore drilling contractor ARO Drilling, a joint venture between Aramco and Valaris, has taken delivery and held a naming ceremony for its second jack-up newbuild, the Kingdom 2.The Kingdom 2 jack-up rig was built for ARO Drilling by International Maritime Industries (IMI)…

Esgian Week 19 Report: New Offshore Acreage Offered

May 12, 2024

Esgian reports another busy week filled with a variety of updates, including new offshore acreage offered in the UK, Norway and Nigeria, in its Week 19 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a direct…

Aramco Suspends Another Jack-Up Rig

Apr 05, 2024

Offshore drilling company Valaris, through its joint venture ARO Drilling, has received a notice of suspension from Aramco for its VALARIS 143 jack-up rig.The rig’s contract was previously scheduled to end in December 2024. The suspension notice…

Esgian Week 17 Report: New Contracts for the North Sea

Apr 28, 2024

Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator…

Valaris Starts Drilling at Woodside’s Scarborough Field

Feb 06, 2024

Offshore drilling company Valaris has started drilling the first of eight gas development wells at Woodside’s Scarborough project offshore Australia.The 2012-built rig, VALARIS DPS-1, has been employed for the assignment. It’s of F&G ExD Millenium…

Esgian Week 16 Report: Rigs on the Move

Apr 21, 2024

Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar…

Esgian Week 12 Report: New Finds in Guyana, China and Norway

Mar 24, 2024

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company…

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