Drilling firm Valaris has set out plans to cut up to 332 jobs across its offshore rig fleet as contracts are cancelled amid the Covid-19 pandemic.
Texo Group has been delivering a range of services on Valaris 123 at the Port of Dundee including its rebranding.
Drilling firm Valaris has informed staff it could make hundreds of redundancies as rig contracts have dried up due to the recent slump in oil prices.
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
As prices have plunged, interest in short selling of oil companies has increased.
The Valaris DS-8’s blowout preventer (BOP) dropped to the seabed on March 7 and the company is now trying to retrieve it.
The Health and Safety Executive (HSE) has launched an inquiry after a crane collapsed on a second Valaris oil rig within a month of each other.
A crane on a drilling rig in the UK North Sea has collapsed, shocking images show.
Seven people have been banned from all oil vessels in Scotland after they appeared in court accused of scaling a Dundee rig on Monday.
UK headquartered driller Valaris has received a $200 million cash payment after winning a case against Samsung Heavy Industries (SHI).
Dutch firm One-Dyas has confirmed an oil discovery with its Ossian-Darach well in the southern North Sea.
Drilling contractor Valaris has announced a number of North Sea contract extensions among a clutch of global deals.
Offshore drilling firm Valaris has announced that it will undertake multi-million cost savings cuts across its business.
Valaris has sunk into the red as it seeks to sell off an ageing semi-submersible drilling rig.
Drilling has kicked off at a North Sea exploration well operated by Italian oil and gas firm Eni, supported by French partner Total.
At the end of September there were three active exploration wells and four appraisal wells being drilled in the UK, according to Westwood Global Energy. Two E&A wells were spudded and three were completed during September.
Rig operator Valaris has announced a number of global contracts and contract extensions totaling almost £200 million.
Rig operator Valaris has been chosen to carry out the drilling contract for Neptune Energy’s Seagull project in the UK North Sea.
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.