Valaris

Valaris books $498 million Project Raia drillship contract

Drilling contractor Valaris Limited (NYSE: VAL) reports that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA , for its drillship Valaris DS-17. The contract relates to work offshore Brazil on Project Raia. Equinor’s project partners are Repsol Sinopec Brazil (35%) and Petrobras (30%).

Equinor says that Project Raia is one of its main natural gas projects. Located in the Campos Basin, Raia comprises three different pre-salt discoveries:...

https://www.marinelog.com/offshore/valaris-books-498-million-project-raia-drillship-contract/

COLUMN | What could possibly go wrong? Local content in Nigeria, Brazil, Saudi Arabia and Qatar [Offshore Accounts]

“They come over here, taking our jobs and stealing our women,” is a familiar refrain against foreigners all around the world, as likely to be uttered from Dublin to Durban, from Dusseldorf to Des Moines, and from Denpasar to Dubai (well, probably not the second part in the UAE, but we won’t dwell...

https://www.bairdmaritime.com/offshore/column-what-could-possibly-go-wrong-local-content-in-nigeria-brazil-saudi-arabia-and-qatar-offshore-accounts/

COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts]

Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]

The post COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts] appeared...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-correcting-course-aramco-and-jackups-siem-offshore-and-kristian-siem-ferguson-marine-mma-offshore-maersk-svitzer-offshore-accounts/

Valaris takes delivery of two drillships

Offshore drilling contractor Valaris Limited (NYSE: VAL) reports that it has exercised its options and taken delivery of newbuild drillships Valaris DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.

President and CEO Anton Dibowitz said, “We are delighted to add these two rigs, the highest specification drillships remaining at the South Korean shipyards, to our fleet. These additions increase our drillship fleet to 13 rigs, reinforcing its position as one of the most...

https://www.marinelog.com/offshore/oil-gas/valaris-takes-delivery-of-two-drillships/

COLUMN | A load of bollards: the US Coast Guard (and others) should get serious on testing mooring equipment! [Offshore Accounts]

After last week’s analysis of the dramatic purchase of Solstad’s fleet of 37 platform supply vessels (PSVs) by Tidewater, this week’s column deals with a drillship ..

The post COLUMN | A load of bollards: the US Coast Guard (and others) should get serious on testing mooring equipment! [Offshore...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-a-load-of-bollards-the-us-coast-guard-and-others-should-get-serious-on-testing-mooring-equipment-offshore-accounts/

COLUMN | The Twelve Days of Christmas 2022, Final Edition: Havfram, Eneti, Cyan Renewables, Taiwanese wind, Copenhagen Infrastructure Partners; DOF’s rebel shareholders; Seadrill and Aquadrill reunited, Odjfell resurgent! [Offshore Accounts]

Merry Christmas! On the twelfth day of Christmas my true love gave to me… twelve drummers drumming, eleven pipers piping, ten lords a-leaping and so on, all the way bac ..

The post COLUMN | The Twelve Days of Christmas 2022, Final Edition: Havfram, Eneti, Cyan Renewables, Taiwanese wind, Copenhagen...

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COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others; Saipem and Lukoil [Offshore Accounts]

Eighteen months ago, we highlighted (here) the transformation of the Middle Eastern oilfield services market as big, state-owned players in Saudi Arabia, the Emirates, an ..

The post COLUMN | There’s a price to be paid: ADES, Seadrill, and Icon jackup rigs; Sapura; Adnoc Drilling, Aban and others;...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-theres-a-price-to-be-paid-ades-seadrill-and-icon-jackup-rigs-sapura-adnoc-drilling-aban-and-others-saipem-and-lukoil-offshore-accounts/

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