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Valaris Publishes Sustainability Report

Retrieved on: 
Thursday, December 15, 2022
Professional Services, Environmental, Social and Governance (ESG), Environment, Oil, Gas, Sustainability, Energy, Maintenance, Security (finance), Analysis, COVID-19 pandemic in Bermuda, Sustainability reporting, FID, Sustainability, Public health, Weather, Financial condition report, ESG, Part Two, Federal Lands Jobs and Energy Security Act, NYSE, Bermuda, COVID-19, Limited, Bankruptcy, Social, Annual report, Environment, Safety, Social Security Government Pension Offset, Terrorism, Public expenditure, Result, Risk management, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that it has issued its 2021 Sustainability Report.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that it has issued its 2021 Sustainability Report.
  • The Sustainability Report can be found on the "Safety & Environment Sustainability" page of the Valaris website at www.valaris.com .
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation.

Valaris Announces New Chief Commercial Officer

Retrieved on: 
Monday, September 26, 2022
Oil, Gas, Energy, Securities Exchange Act of 1934, Weather, Safety, Limited, FID, ESG, Social Security Government Pension Offset, COVID-19, Terrorism, NYSE, Federal Lands Jobs and Energy Security Act, Part Two, Transocean, Bankruptcy, Contract, Company, Senior, Securities Act of 1933, Industry, Maintenance, Public expenditure, Forward-looking statement, Bermuda, Phrase, Analysis, Exercise, Technology, Financial condition report, Public health, Result, Investor relations, Security (finance), Annual report, Social, COVID-19 pandemic in Bermuda, Management, Risk management, Valaris, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) today announced that Matt Lyne has commenced his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) today announced that Matt Lyne has commenced his role as Senior Vice President and Chief Commercial Officer, having been appointed to the role in late May.
  • Matt Lyne previously served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years.
  • President and Chief Executive Officer Anton Dibowitz said, I am pleased to welcome Matt to the Valaris Executive Management Committee at an exciting time for our business.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.

Valaris Announces Receipt of $40 Million from ARO Drilling

Retrieved on: 
Tuesday, September 6, 2022
Maritime, Energy, Transport, Oil, Gas, Partnership, Phrase, FID, Security (finance), Social Security Government Pension Offset, COVID-19, Public health, Technology, Limited, Safety, Securities Exchange Act of 1934, NYSE, Securities Act of 1933, Part Two, Bermuda, Maintenance, Result, Federal Lands Jobs and Energy Security Act, Social, Investor relations, Forward-looking statement, ARO, Company, Bankruptcy, Weather, Financial condition report, COVID-19 pandemic in Bermuda, Annual report, Analysis, Public expenditure, Industry, Terrorism, Contract, Risk management, Valaris, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that it has received a payment of $40 million from its joint venture ARO Drilling, representing a partial early repayment of its shareholder notes receivable.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that it has received a payment of $40 million from its joint venture ARO Drilling, representing a partial early repayment of its shareholder notes receivable.
  • Following this payment, Valaris has shareholder notes receivable totaling approximately $403 million, with $225 million due in October 2027 and approximately $178 million due in October 2028.
  • We do not expect that either Valaris or Saudi Aramco will need to provide any additional financing to ARO to fund the newbuild program.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.

Valaris Provides Quarterly Fleet Status Report

Retrieved on: 
Thursday, July 28, 2022
Energy, Other Energy, Oil, Gas, Result, Bankruptcy, Investor relations, Industry, Bermuda, Maintenance, Forward-looking statement, NYSE, Terrorism, Securities Act of 1933, Securities Exchange Act of 1934, Financial condition report, Phrase, Limited, Safety, COVID-19, Public health, Social, Weather, COVID-19 pandemic in Bermuda, Technology, Company, Security (finance), Annual report, Social Security Government Pension Offset, Analysis, Federal Lands Jobs and Energy Security Act, Part Two, Contract, FID, Public expenditure, Risk management, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.
  • The Fleet Status Report can be found on the Investors section of the Companys website www.valaris.com .
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.

Valaris Announces New Executive Leadership Position

Retrieved on: 
Thursday, June 2, 2022
Oil, Gas, Energy, Maritime, Transport, Other Energy, Public expenditure, Marketing, Company, Sustainability, ESG, Securities Exchange Act of 1934, Federal Lands Jobs and Energy Security Act, Investor relations, Annual report, Part Two, Contract, Forward-looking statement, Financial condition report, Security (finance), Bankruptcy, Senior, Solution, Maintenance, FID, Result, Terrorism, Technology, NYSE, COVID-19 pandemic in Bermuda, COVID-19, Weather, Analysis, Phrase, Bermuda, Limited, Securities Act of 1933, Industry, Public health, Social, Safety, Social Security Government Pension Offset, Risk management, Biophysical environment

President and Chief Executive Officer, Anton Dibowitz said, The creation of this new position highlights the Companys continued strategic focus on sustainable business practices that support our purpose of providing responsible solutions that deliver energy to the world.

Key Points: 
  • President and Chief Executive Officer, Anton Dibowitz said, The creation of this new position highlights the Companys continued strategic focus on sustainable business practices that support our purpose of providing responsible solutions that deliver energy to the world.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.
  • Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation.

Valaris Announces Contract Termination for Drillship VALARIS DS-11

Retrieved on: 
Wednesday, June 1, 2022
Maritime, Energy, Transport, Oil, Gas, Public expenditure, Company, Securities Exchange Act of 1934, Federal Lands Jobs and Energy Security Act, Investor relations, Annual report, Part Two, Contract, Forward-looking statement, Financial condition report, Security (finance), Bankruptcy, Maintenance, FID, Result, Terrorism, Technology, NYSE, COVID-19 pandemic in Bermuda, COVID-19, Weather, Analysis, Phrase, Bermuda, Limited, Securities Act of 1933, Industry, Public health, Social, Safety, Social Security Government Pension Offset, Airline, Risk management, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that Equinor has delivered a termination notice for the drilling contract awarded to drillship VALARIS DS-11.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) announced today that Equinor has delivered a termination notice for the drilling contract awarded to drillship VALARIS DS-11.
  • Our total contract backlog of $2.5 billion as of May 2, 2022 included approximately $428 million related to this contract.
  • Further details on the VALARIS DS-11 contract can be found in our latest Fleet Status Report dated May 2, 2022.
  • As a result of the contract termination, Valaris will receive an early termination fee that is more than sufficient to cover expenses and commitments incurred by Valaris on the project.

Valaris Provides Quarterly Fleet Status Report

Retrieved on: 
Tuesday, May 3, 2022
Energy, Other Energy, Oil, Gas, COVID-19, Weather, Forward-looking statement, Social Security Government Pension Offset, Maintenance, Result, Company, NYSE, Securities Exchange Act of 1934, Public expenditure, Annual report, Safety, Contract, Securities Act of 1933, Social, Security (finance), Terrorism, Bankruptcy, Federal Lands Jobs and Energy Security Act, Industry, Analysis, Investor relations, FID, Bermuda, Phrase, Limited, Public health, COVID-19 pandemic in Bermuda, Financial condition report, Part Two, Technology, Risk management, Biophysical environment

Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.
  • The Fleet Status Report can be found on the Investors section of the Companys website www.valaris.com .
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.

Valaris Issues Statement on Drillship VALARIS DS-16

Retrieved on: 
Monday, March 14, 2022
Maritime, Energy, Transport, Oil, Gas, Phrase, Annual report, Result, ST, Technology, Investor relations, Part Two, Public health, COVID-19, Forward-looking statement, Safety, Security (finance), Contract, Bermuda, Limited, COVID-19 pandemic in Bermuda, NYSE, Financial condition report, Securities Exchange Act of 1934, Industry, Securities Act of 1933, Analysis

Valaris continues to work closely with the relevant authorities and its customer and does not expect any delays to the contract commencement as a result of the incident.

Key Points: 
  • Valaris continues to work closely with the relevant authorities and its customer and does not expect any delays to the contract commencement as a result of the incident.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.
  • Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation.

Valaris Provides Quarterly Fleet Status Report

Retrieved on: 
Monday, February 21, 2022
Oil, Gas, Energy, Annual report, Phrase, Part Two, COVID-19 pandemic in Bermuda, Securities Exchange Act of 1934, Public health, Security (finance), Limited, COVID-19, Bermuda, Industry, Investor relations, NYSE, Safety, Result, Securities Act of 1933, Analysis, Forward-looking statement, Technology, Financial condition report, Contract, Risk management

Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.
  • The Fleet Status Report can be found on the Investors section of the Companys website www.valaris.com .
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.

Valaris Announces Floater Contract Awards

Retrieved on: 
Tuesday, January 18, 2022
Maritime, Energy, Transport, Oil, Gas, Bermuda, Securities Exchange Act of 1934, Forward-looking statement, Technology, Annual report, Investor relations, Financial condition report, COVID-19, Limited, NYSE, Safety, COVID-19 pandemic in Bermuda, Public health, Industry, Phrase, Part Two, Murphy Oil, Result, Contract, Security (finance), Energy Independence and Security Act of 2007, Analysis, Securities Act of 1933, Risk management

Valaris Limited (NYSE: VAL) announced today that it has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semisubmersible VALARIS DPS-5.

Key Points: 
  • Valaris Limited (NYSE: VAL) announced today that it has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semisubmersible VALARIS DPS-5.
  • This contract has a one-well option with an estimated duration of 90 days.
  • The second contract, offshore Mexico, will commence in direct continuation of the first contract and has an estimated duration of 60 days.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.