Offshore drilling firm Valaris has announced that it will undertake multi-million cost savings cuts across its business.
Rig operator Valaris has announced a number of global contracts and contract extensions totaling almost £200 million.
Valaris has said it has made “significant progress” since the merger of Ensco and Rowan earlier this year.
The world’s largest offshore drilling firm EnscoRowan has announced plans to change its name to Valaris.
Unite is seeking to re-establish negotiations with a “breakaway” group of drilling firms after workers last month rejected a “derisory” pay offer.
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Drilling rig contractor Ensco Rowan has been awarded £140 million in damages in its proceedings against Samsung Heavy Industries, a shipyard in South Korea.
EnscoRowan has announced a widening in pre-tax losses for the first quarter of 2019.
UK-based Ensco has completed its merger with smaller rival Rowan to create the world’s largest offshore drilling firm by fleet size.