Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
Valaris now has a contract backlog of $3.2 billion.
Emergency services attended a fire within a docked oil rig in Dundee on Friday morning.
Investigations are continuing six months after worker Jason Thomas went missing from the Valaris 121 North Sea oil rig.
The Valaris 121 arrived in Dundee in January – where it remained until earlier this week – two days after a worker on board was reported missing.
Drilling rig operator Valaris upped its share repurchases amid a steady quarter in which it grew both its backlog and net income.
There are concerns that other North Sea rigs could have the same issue as the Valaris 121, where 50-year-old Jason Thomas went missing in January.
Beach is working in the Taranaki Basin, where it intends to press ahead with phase 2 of the Kupe field development. This is in PML 38146.
Campaign groups projected messages calling for an end to new fossil fuels onto the rig, which has been the focus of a missing persons investigation.
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
Police told Energy Voice there are not believed to be any suspicious circumstances surrounding Mr Thomas' disappearance last month.
Police have named the man who went missing from an oil rig in the North Sea last week as 50-year-old Jason Thomas from Wales.
Police officers will board an oil rig in Dundee this week after a worker went missing in the North Sea.
Rig operator Valaris has unveiled a series of new contracts and extensions in the UK North Sea.
Light has been shed on a major unplanned gas release that occurred on a BP (LON: BP) North Sea field earlier this year.
Offshore driller Valaris has announced a string of new contracts and extensions worth around $275 million, including four notable North Sea awards.
BP has picked a Valaris rig to drill four wells offshore Egypt, starting late in the third or early in the fourth quarter of 2023.
Drilling rig operator Valaris (NYSE: VAL) reported a profitable Q3, as revenues and day rates increased across the board on the back of a renewed focus on energy security.
Offshore drilling firm, Seadrill, has announced it will sell all of its stakes in Paratus Energy Services today.
Offshore drilling contractor Valaris (NYSE: VAL) has announced a handful of new deals and extensions.
Valaris’ (NYSE: VAL) new senior vice president and chief commercial officer (COO) has officially taken up his role.
‘I honestly can’t believe no one has been killed’: Whistleblowers raise serious HSE concerns over Valaris rig project
The Health and Safety Executive (HSE) is investigating after workers at a yard in Seaton Carew flagged a series of severe incidents during upgrade work on a Valaris rig.
Shell has handed drilling contractor Valaris $60 million (£51.8m) to continue using one of its jack-ups in the North Sea.