Here is why Valaris Limited (VAL) stock performed well on Tuesday? stockstelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockstelegraph.com Daily Mail and Mail on Sunday newspapers.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them…
$17B Shale Player to Emerge Later This Year
Bloomberg announced that Cabot Oil & Gas Corp. and Cimarex Energy Co. had agreed to merge. The deal will create a new Houston-based shale driller with a value of about $17 billion, Bloomberg highlighted.
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$7B+ Shale Driller Merger Baffles Analysts
The merger of Cabot Oil & Gas Corp. and Cimarex Energy Co. confounded investors and analysts, leaving them to question the logic behind the tie-up, Bloomberg noted.
W&T Offshore has contracted a heavy-duty jack-up rig for a USA Gulf of Mexico (GOM) campaign.
W&T Offshore (NYSE: WTI) has contracted a Valaris heavy-duty jack-up rig for a U.S. Gulf of Mexico (GOM) campaign, Valaris Limited (NYSE: VAL) reported Wednesday.
The contract secures the VALARIS JU-117 (Ralph Coffman) jack-up, Valaris noted in a written statement emailed to Rigzone. The firm added that it expects the estimated 45-day contract to begin in July 2021.
The Ralph Coffman rig can operate in up to 350 feet (107 meters) of water and drill to 35,000 feet (10,668), according to Valaris’ website. Valaris did not specify where in the GOM the rig will be mobilized.
- Valaris Limited Announces Jackup euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Valaris Limited Announces Jackup Contract Award
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HAMILTON, Bermuda, May 19, 2021 /PRNewswire/ Valaris Limited (NYSE: VAL) announced today that it has been awarded a contract of approximately 45 days with W&T Offshore in the U.S. Gulf of Mexico for VALARIS JU-117 (Ralph Coffman), a heavy-duty modern jackup. The contract is anticipated to begin in July 2021.
About Valaris Limited
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 Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit