Welcome to our dedicated page for Valaris news (Ticker: VAL), a resource for investors and traders seeking the latest updates and insights on Valaris stock.
Valaris Limited (NYSE: VAL) is an offshore contract drilling company that provides offshore drilling services to the international oil and gas industry. The company describes itself as the industry leader in offshore drilling services across all water depths and geographies, operating a high-quality fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups with experience in nearly every major offshore basin.
This news page aggregates company announcements, earnings releases and operational updates related to Valaris. Recent news has included multi-year and multi-well contract awards for drillships such as VALARIS DS-8 offshore Brazil with Shell, VALARIS DS-12 in Egypt with Bp Exploration Delta Limited, and long-duration contracts for VALARIS DS-16 and DS-18 with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America. These items illustrate how the company secures and extends its contracted revenue backlog.
Visitors can also expect coverage of quarterly financial results, where Valaris reports metrics such as total operating revenues, net income, Adjusted EBITDA and segment performance for Floaters, Jackups, ARO and Other. The company’s communications often highlight revenue efficiency, cash flow generation, rig sales, and updates on backlog additions.
In addition, Valaris issues Fleet Status Reports that summarize the status of its offshore drilling rigs and associated contracts, and it announces investor events such as earnings conference calls and presentations at industry conferences. For investors, analysts and others following the drilling oil and gas wells industry, this news feed provides a focused view of Valaris’ contract activity, fleet developments and financial reporting.
Valaris Limited (NYSE: VAL) reported its second quarter 2021 results following its emergence from Chapter 11 bankruptcy on April 30, 2021. The company achieved a net cash position and secured over 20 new contracts totaling $1.3 billion. Revenues for the Successor period were $203 million, while combined revenues decreased to $293 million from the prior quarter. The combined adjusted EBITDA was $17 million. Valaris noted increased demand signals in the market, positioning itself for future growth by focusing on operational performance and rig reactivation.
Valaris Limited (NYSE: VAL) has released its quarterly Fleet Status Report, detailing the current status of its offshore drilling rig fleet and contract information. Valaris operates a diverse fleet including ultra-deepwater drillships, semisubmersibles, and jackups, emphasizing its commitment to safety and technological innovation in offshore drilling. The report can be accessed in the Investors section of Valaris' website. Forward-looking statements highlight risks such as liquidity, oil price volatility, and impacts from the COVID-19 pandemic.
Valaris Limited (NYSE: VAL) is set to announce its second quarter 2021 earnings on August 3, 2021, at 9:00 a.m. CDT. The earnings release will be distributed prior to market opening on the New York Stock Exchange. Stakeholders can access the conference call via webcast or by phone. A replay of the call will be available until September 3, 2021. Valaris, a leader in offshore drilling, operates a modern fleet and emphasizes safety and operational excellence. For updates, investors can sign up for Email Alerts on their website.
Valaris Limited (NYSE: VAL) has secured a contract with Woodside for 16 wells in Australia utilizing the VALARIS DPS-1 semisubmersible. The contract is set to start in late Q1 or early Q2 2022 and has an estimated duration of 300 days. This agreement strengthens Valaris' position in offshore drilling services, highlighting its commitment to operational excellence and customer satisfaction.
Valaris Limited (NYSE: VAL) has secured a 183-day extension for its contract with Aramco regarding the VALARIS JU-140, a modern jackup rig. This extension extends the contract through the end of 2021, emphasizing Valaris's ongoing commitment to operational stability. Valaris is a leader in offshore drilling services, focusing on safety and technology across various offshore basins. The company remains attentive to industry challenges, including market volatility and the impact of COVID-19.
Valaris Limited (NYSE: VAL) has secured a four-well contract with BP for its drillship, VALARIS DS-12, located offshore Mauritania and Senegal. The contract is set to commence in the first quarter of 2022 and has an estimated duration of 285 days. Valaris continues to operate as a leader in offshore drilling services, emphasizing safety, operational excellence, and innovation. The announcement follows a challenging economic environment but positions the company for potential growth in a recovering oil market.
Valaris Limited (NYSE: VAL) announced a 200-day extension to its bareboat charter agreement with ARO Drilling for the VALARIS JU-250 (Bob Palmer), ensuring the jackup will remain under contract until the end of 2021. This extension is a direct continuation of the current agreement, aligning with ARO Drilling’s contract extension with Aramco for the same duration. Valaris maintains its position as a leader in offshore drilling, emphasizing safety, operational excellence, and customer satisfaction.
Valaris Limited (NYSE: VAL) has secured a three-year contract with North Oil Company for VALARIS JU-110, a modern jackup rig. This contract is set to commence in the fourth quarter of 2021, enhancing Valaris's offshore operations in Qatar. Valaris is recognized as a leader in offshore drilling services, utilizing an extensive fleet across various water depths. The company emphasizes safety and operational excellence, aiming to meet industry demands effectively.
Valaris Limited (NYSE: VAL) has secured a three-year contract with Chevron for the drillship VALARIS DS-18 in the Gulf of Mexico. The contract will commence in the first quarter of 2022, continuing from the current agreement. Valaris, a leader in offshore drilling services, operates a robust fleet and emphasizes safety and innovation. The announcement follows major industry challenges, including the impact of COVID-19 and fluctuating oil prices, which could affect future operations.
Valaris Limited (NYSE: VAL) has secured a two-well contract extension with Equinor Energy AS for its VALARIS JU-291 jackup rig in Norway. This extension, lasting approximately 120 days, will extend the contract through February 2022. Valaris operates a diverse fleet of offshore drilling rigs and emphasizes safety and operational excellence. The company acknowledges potential risks affecting its business, including market volatility and the pandemic's impact on the oil industry.
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