Ocean Energy Resources

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Valaris keeps rigs busy with latest contracting spree

Contracts and Extensions

Valaris has racked up $600m in new contracts and extensions, led by a $290m deal with BP in the Gulf of Mexico and a string of fresh drilling awards across its global fleet, pushing its total contracted backlog to around $4.8bn.

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Valaris enters strategic collaboration agreement

Fossil Energy – Suriname

Valaris today announced that its wholly owned subsidiary, Ensco UK Drilling, has entered into a Strategic Collaboration Agreement with PETRONAS Suriname and Halliburton to support the development of PETRONAS Suriname’s offshore assets.

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Transocean to acquire Valaris in all stock transaction

General – Shares

Transocean and Valaris today announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all stock transaction valued at approximately $5.8 billion.

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Valaris scores $190M new offshore drilling and wind contracts

General – Contracts

Offshore drilling contractor Valaris has secured a series of new contracts and extensions worth about $190 million in the North Sea and Middle East regions, lifting its total contract backlog to $4.5 billion.

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