Articles from Valaris Limited

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its fourth quarter 2024 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Thursday, February 20, 2025. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported third quarter 2024 results.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its third quarter 2024 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Thursday, October 31, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 3, 2024, beginning at 1:50 pm EDT.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported second quarter 2024 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (“Equinor”), for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. Equinor’s project partners are Repsol Sinpoec Brazil (35%) and Petrobras (30%).

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its second quarter 2024 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, August 1, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported first quarter 2024 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its first quarter 2024 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, May 2, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143 (EXL I). The rig’s contract was previously scheduled to end in December 2024. The suspension notice is for a period of up to twelve months and ARO is in discussions with Aramco to determine the effective date of the suspension. During the suspension period, ARO will have the right to terminate the drilling contract with Aramco. Valaris leases VALARIS 143 (EXL I) to ARO under a bareboat charter agreement.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported fourth quarter 2023 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its fourth quarter 2023 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Thursday, February 22, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has been awarded a 1,064-day contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process. Based on the firm contract term, the total contract value is approximately $519 million, inclusive of mobilization fees and additional services.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today 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.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported third quarter 2023 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its 50/50 joint venture with Aramco, has secured attractive financing for its first two newbuild jackups, Kingdom 1 and 2.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its third quarter 2023 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Tuesday, November 7, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $65 million, awarded subsequent to issuing the Company’s most recent fleet status report on August 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 5, 2023, beginning at 1:50 pm EDT.

Valaris Limited (NYSEVAL) (“Valaris”) and its wholly-owned subsidiary, Valaris Finance Company LLC (together with Valaris, the “Issuers”), announced today the pricing of their private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $400 million in aggregate principal amount of additional 8.375% Senior Secured Second Lien Notes due 2030 (the “Additional Notes”). The Offering was upsized to $400 million in aggregate principal amount of Additional Notes from the original offering size of $350 million in aggregate principal amount of Additional Notes. The Additional Notes mature on April 30, 2030 and will be issued at 100.75% of par. The Offering is expected to close on August 21, 2023, subject to customary closing conditions.

Valaris Limited (NYSEVAL) (“Valaris”) and its wholly-owned subsidiary, Valaris Finance Company LLC (together with Valaris, the “Issuers”), announced today that, subject to market conditions, they intend to offer (the “Offering”) for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), an additional $350 million in aggregate principal amount of their 8.375% Senior Secured Second Lien Notes due 2030 (the “Additional Notes”).

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported second quarter 2023 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this contract. The Company also announced that it is increasing its 2023 share repurchase target from $150 million to $200 million.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its second quarter 2023 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Wednesday, August 2, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $150 million, awarded subsequent to issuing the Company’s most recent fleet status report on May 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer, effective immediately.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported first quarter 2023 results.

Valaris Limited (NYSEVAL) (“Valaris”) and its wholly-owned subsidiary, Valaris Finance Company LLC, today announced the closing of their private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $700 million in aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2030 (the “Second Lien Notes”). Valaris is using a portion of the net proceeds from the Offering to fund the previously announced redemption of all of its outstanding Senior Secured First Lien Notes due 2028 (the “First Lien Notes”) and intends to use the remainder of the net proceeds for general corporate purposes. In connection with the closing of the Offering, Valaris discharged its obligations under the indenture governing the First Lien Notes.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that it has issued its 2022 Sustainability Report, showcasing the Company’s commitment to and advancement of its near- and long-term Environmental, Social and Governance (ESG) priorities. The Sustainability Report can be found on the “Safety & Environment – Sustainability” page of the Valaris website at www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its first quarter 2023 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, May 2, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris”) and its wholly-owned subsidiary, Valaris Finance Company LLC, announced today the pricing of their private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $700 million in aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2030 (the “Second Lien Notes”). The Offering was upsized to $700 million in aggregate principal amount of Second Lien Notes from the original offering size of $600 million in aggregate principal amount of Second Lien Notes. The Second Lien Notes mature on April 30, 2030 and will be issued at par. The Offering is expected to close on April 19, 2023, subject to customary closing conditions.

Valaris Limited (NYSEVAL) (“Valaris”) and its wholly-owned subsidiary, Valaris Finance Company LLC, announced today that, subject to market conditions, they intend to offer (the “Offering”) for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), $600 million in aggregate principal amount of senior secured second lien notes due 2030 (the “Second Lien Notes”). Valaris intends to use the net proceeds from the Offering to fund the redemption of all of its outstanding Senior Secured First Lien Notes due 2028 (the “First Lien Notes”) and for general corporate purposes.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts awarded subsequent to issuing the Company’s most recent fleet status report on February 21, 2023.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that Senior Vice President and Chief Financial Officer Chris Weber will attend the J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, March 7, 2023, and President and Chief Executive Officer Anton Dibowitz will attend the DNB Energy Conference on Wednesday, March 8, 2023.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported fourth quarter 2022 results.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its fourth quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, February 21, 2023. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that Senior Vice President and Chief Financial Officer Chris Weber will present at Fearnley Securities’ Offshore Drilling Seminar in New York City on Wednesday, January 11, 2023, beginning at 9:40 am ET.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Company’s most recent fleet status report on October 31, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) (“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 (NYSEVAL) (“Valaris” or the “Company”) announced today that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization fee, is $136.4 million.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the BofA Securities Global Energy Conference on Wednesday, November 16, 2022, beginning at 8:45 am ET.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today announced that Catherine J. Hughes has been appointed to the Valaris Board of Directors. Ms. Hughes will also serve on the Board’s Environmental, Social and Governance Committee.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported third quarter 2022 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its third quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, November 1, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of $95 million, awarded subsequent to issuing the Company’s most recent contract awards and fleet status update on September 1, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) (“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.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to $100 million of Valaris’ outstanding common stock.

Valaris Limited (NYSEVAL) (“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.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of $149 million, awarded subsequent to issuing the Company’s most recent fleet status report on July 28, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 6, 2022, beginning at 3:35 pm EDT.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today announced that it has been rated the No. 1 offshore driller in EnergyPoint Research’s 2022 customer satisfaction survey covering offshore contract drillers. This annual benchmark survey is the industry standard for independent customer satisfaction ratings and rankings of global contract drillers.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has received the consents necessary to effect the proposed amendments (the “Proposed Amendments”) to the indenture (the “Indenture”) governing the outstanding senior secured first lien notes due 2028 (the “Notes”) of the Company listed in the table below. The Proposed Amendments are described in the Consent Solicitation Statement, dated August 15, 2022 (the “Consent Solicitation Statement”).

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has commenced a consent solicitation (“Consent Solicitation”) with respect to proposed amendments to the indenture (the “Indenture”) governing the outstanding senior secured first lien notes due 2028 (the “Notes”) of the Company listed in the table below.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today announced that Chris Weber has commenced his role as Senior Vice President and Chief Financial Officer, having been appointed to the role in late May.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported second quarter 2022 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its second quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, August 2, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of $466 million, awarded subsequent to issuing the Company’s most recent fleet status report on May 2, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced that Christophe Raimbault, Vice President and interim Head of Marketing will take on a new role as Vice President - Sustainability and New Energy. Christophe will continue to serve as Vice President and interim Head of Marketing until Matt Lyne joins Valaris as Senior Vice President and Chief Commercial Officer, which is expected to occur in the third quarter of 2022.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that Equinor has delivered a termination notice for the drilling contract awarded to drillship VALARIS DS-11. The termination will take effect at the end of June. 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.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today announced the appointment of three new members of the Valaris Executive Management Committee. The following appointments have been made after a rigorous internal and external search process and strongly position the Company for continued success moving forward:

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") today reported first quarter 2022 results.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company’s 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 Company’s website www.valaris.com.

Valaris Limited (NYSEVAL) (“Valaris” or the “Company”) announced today that it has sold heavy duty modern jackups VALARIS 113 and 114 to ADES Saudi Limited for a total of $125 million. VALARIS 113 and 114 are PPL Pacific Class 400 jackups, both delivered in 2012. Both rigs have been stacked in the Philippines since they completed their last contracts in late 2015.

Valaris Limited (NYSEVAL) ("Valaris" or the "Company") will hold its first quarter 2022 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, May 3, 2022. The earnings release will be issued before the New York Stock Exchange opens that morning.