Valaris

Valaris Limited announced new contracts and extensions totaling approximately $220 million in contract backlog, excluding lump-sum payments like mobilization fees. The company secured a two-well exploration contract with PETRONAS Suriname Exploration Production B.V. for a drillship.

Valaris Limited published a Fleet Status Report detailing the current status of its offshore drilling rigs and related contract information. The report is available in the Investors section of the company’s website at valaris.com.

Offshore drilling contractor Valaris reports Q3 2026 revenue of **$593.6 million**, exceeding market expectations but remaining flat year-over-year. The company’s GAAP earnings per share (**$0.66**) fall **37.9% below** analyst forecasts, highlighting a gap between revenue performance and profitability targets.

Nov 2026Yahoo FinanceNews article

Valaris wins $220 million in new offshore drilling contracts and contract extensions. The company expands its drilling fleet commitments across multiple projects, reinforcing its position in the offshore energy sector. Valaris operates ultra-deepwater drilling units and targets long-term contracts in global markets.

Oct 2026Global Flow ControlNews article

Valaris extends its multi-year contract for a drillship operating offshore Brazil. The company also signs a strategic collaboration agreement to support offshore developments in Suriname. These moves reinforce Valaris’s presence in South American offshore energy projects.

Apr 2026offshore-mag.comNews article

Transocean acquires Valaris in an all-stock transaction, expanding its offshore drilling fleet and operational reach. The deal integrates Valaris’s ultra-deepwater and harsh-environment drilling assets into Transocean’s existing portfolio. The move consolidates market position amid evolving energy sector dynamics.

Mar 2026Yahoo FinanceNews article