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 a leading global provider of offshore drilling services to the petroleum industry. The company owns and operates one of the world’s newest and most advanced fleets of ultra-deepwater drilling rigs and premium jackups. Valaris is committed to delivering high-quality drilling services across various strategic offshore basins, including the U.S. Gulf of Mexico, Brazil, Europe, the Middle East, Africa, Asia, and the Pacific Rim.
Valaris offers a comprehensive range of drilling solutions, operating in four key segments: Floaters, Jackups, ARO, and Others. The majority of the company’s revenue is generated from its Floaters segment, which includes both drillships and semisubmersible rigs. Valaris is dedicated to excellence in operational performance, maintaining high safety standards, and fostering ethical practices.
Recent achievements and ongoing projects highlight Valaris's commitment to growth and innovation. The company has been heavily investing in the expansion of its fleet, with billions of dollars allocated towards new drillships and high-specification jackups. Valaris recruits top talent in the industry, offering extensive training and competency assurance programs to ensure employees are well-equipped to meet the company’s high operating standards.
Valaris's strategic partnerships further enhance its market position. For example, its joint venture with ARO Drilling in Saudi Arabia allows Valaris to leverage local expertise and resources, contributing to the company's global reach and operational success.
Financially, Valaris continues to focus on maintaining a strong balance sheet while pursuing strategic investments that drive long-term value for shareholders. Its robust financial management practices and commitment to operational efficiency position the company well for future growth and stability.
For the latest news and updates on Valaris Limited, including performance, events, and developments, stay tuned to our website.
Valaris Limited (NYSE: VAL) has announced participation in two major finance conferences. Senior Vice President and CFO Chris Weber will attend the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 7, 2023. Meanwhile, President and CEO Anton Dibowitz will participate in the DNB Energy Conference on March 8, 2023. Investor materials for both events will be accessible on Valaris’ official website. Valaris is recognized as a leader in offshore drilling services, boasting a diverse fleet equipped for various depths and geographies, and is committed to safety and innovation.
Valaris Limited (NYSE: VAL) has secured multiple new contracts following its fleet status report on February 21, 2023. Key highlights include:
- A three-year contract with Petrobras for drillship VALARIS DS-8, valued at approximately $500 million.
- A 100-day contract with a TotalEnergies affiliate for drillship VALARIS DS-12.
- A 70-day contract for jackup VALARIS 107 with Beach Energy in New Zealand, worth around $26 million.
In updated guidance, contract drilling expenses are projected to rise, with first-quarter adjusted EBITDA expected to decrease. The full-year revenue forecast remains between $1.8 billion and $1.9 billion, unchanged from previous estimates.
Valaris Limited (NYSE: VAL) has released its latest Fleet Status Report detailing the current status and contract information of its offshore drilling rigs. Valaris operates a diverse fleet, including ultra-deepwater drillships, semisubmersibles, and jackups, focusing on safety and operational excellence. The company is recognized as an industry leader in offshore drilling services across various water depths and geographical locations. For further details, the report is accessible via the Investors section on the Valaris website.
Valaris Limited (NYSE: VAL) reported its fourth quarter 2022 results, revealing a net income of $31 million and Adjusted EBITDA of $54 million. The company achieved a revenue efficiency of 98% and secured new contracts worth over $400 million, enhancing its contract backlog. Notably, it reactivated four floaters and is progressing with a fifth. However, the fourth quarter net income decreased significantly from $78 million in the previous quarter, with revenues declining from $437 million to $434 million. The company’s liquidity increased to $748 million, bolstered by operational cash flow and a tax refund under the CARES Act.
Valaris Limited (NYSE: VAL) will hold its fourth quarter 2022 earnings conference call on February 21, 2023, at 9:00 a.m. CDT. The earnings release will be published before the market opens on the same day. Participants can join the call via a live webcast accessible at www.valaris.com or by dialing +1-855-239-3215 in the U.S. A replay will be available until March 21, 2023. Valaris is a leader in offshore drilling, operating a modern fleet of rigs and focusing on safety, operational excellence, and customer satisfaction.
Valaris Limited (NYSE: VAL) released its latest Fleet Status Report, detailing the current condition and contract information of its offshore drilling rig fleet. Valaris is recognized as a leader in offshore drilling services, operating a diverse range of ultra-deepwater drillships, semisubmersibles, and shallow-water jackups. The report emphasizes the company’s operational excellence, commitment to safety, and customer satisfaction. For more information, the full report is available in the ‘Investors’ section of Valaris’ website.
Valaris Limited (NYSE: VAL) announced that Chris Weber, Senior Vice President and CFO, will present at Fearnley Securities’ Offshore Drilling Seminar in New York City on January 11, 2023, at 9:40 am ET.
Investors can find related materials on Valaris' website. Valaris is a leader in offshore drilling services, boasting a versatile fleet and extensive experience in major offshore basins, with a commitment to safety and innovation.
Valaris Limited (NYSE: VAL) reported new contracts and extensions totaling approximately $275 million in contract backlog. Key highlights include a four-well contract with BP in Egypt valued at $136 million and various contracts in the North Sea with Kistos, ONE-Dyas, and Shell. These contracts affirm Valaris's operational stability and backlog growth. The contracts commence between late 2022 and early 2023, focusing on modern drilling technologies, including emissions reduction systems.
Valaris Limited (NYSE: VAL) has announced that President and CEO Anton Dibowitz will present at the BofA Securities Global Energy Conference on November 16, 2022, at 8:45 am ET. The investor materials will be accessible on Valaris' website on the morning of the event. A live webcast will also be available, with a replay provided for 90 days post-conference. Valaris is a leading offshore drilling services provider, operating a versatile fleet and emphasizing safety, operational excellence, and technology.
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