Valaris News

Shell Finds Gas at Selene Prospect in North Sea

Oct 31, 2024

Shell-operated joint venture, consisting of Deltic Energy and Dana Petroleum, has confirmed gas discovery in the Selene prospect in the North Sea.The Shell operated 48/8b-3Z well, in license P2437, proved a 160-meter-thick section of Leman Sandstone…

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Oct 24, 2024

While utilization for marketed jackup rigs is at a healthy 100% in the Asia Pacific (APAC) region, it is an ageing fleet that will ultimately be unable to fulfil operator age requirements.Westwood’s RigLogix records 39 marketed jackups in APAC…

Esgian Week 31 Report: Busy Week for Borr Drilling, Valaris, Transocean and Noble

Aug 04, 2024

Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil…

Esgian Week 38 Report: Contracting has Slowed

Sep 22, 2024

Esgian has no rig contracts to announced but provides an update on rig moves and drilling operations in the US Gulf of Mexico, Canada, Morocco and Norway in its Week 38 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesExxonMobil…

Esgian Week 37 Report: New Contracts for Floating Rigs

Sep 15, 2024

Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US GOM…

Esgian Week 36 Report: New Contracts Awarded in India, Guyana and West Africa

Sep 08, 2024

Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India…

Esgian Week 35 Report: Petronas Plans Return to Mexico

Sep 01, 2024

Esgian provides an update on plans for Petronas to return to the deep waters off Mexico in its Week 35 Rig Analytics Market Roundup.Report SummaryContractsMalaysia's Velesto said Monday it has secured a Letter of Award for its 350-ft jackup…

Valaris Nets $498M Drillship Contract with Equinor for Ops Offshore Brazil

Jul 22, 2024

Equinor Energy do Brasil, a subsidiary of Equinor, has awarded a multi-year contract to Valaris for its VALARIS DS-17 drillship, which will be deployed offshore Brazil on Raia project.The estimated total contract value is approximately $498 million…

Shell Starts Drilling Selene Well with Valaris’ Rig

Jul 30, 2024

The drilling operations on the Selene exploration well in the Southern North Sea have begun with Valaris 123 rig.Shell, as the operator of the license P2437, has informed the drilling of the well 48/8b-3 has started using Valari’s Valaris 123 drilling rig…

Valaris 123 Rig on Its Way to Drill Selene Well for Shell

Jul 23, 2024

Valaris’ jack-up rig Valaris 123 has been mobilized and is en route to drill the Selene exploration well in the Southern North Sea in Shell-operated license.The Valaris 123 drilling unit was mobilized on July 21 from its current location in the Central North Sea…

Esgian Week 30 Report: New Deals for Valaris, Noble and Transocean

Jul 28, 2024

Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17…

Valaris' Drilling Rig Contracts Backlog Grows to $4 Billion

May 02, 2024

Offshore drilling company Valaris has secured new contracts and extensions for its drilling rigs, increasing its contract backlog to approximately $4 billion.Since its latest fleet status report, issued on February 15, 2024, Valaris has secured…

Saudi Aramco Jackup Suspensions: The Story So Far…

Jun 25, 2024

Saudi Aramco’s ambitious post-Covid jackup fleet expansion program, in which the operator looked to increase its fleet size from approximately 49 jackups in June 2022 to 90 in just two years, seemed a daring feat. But fast forward to March 2024…

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 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…

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Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Borr Drilling Secures New Dril

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