Transocean-Valaris Merger Faces US Antitrust Review
6, May 2026
Transocean’s $5.8 billion all-stock merger with Valaris is under extended US antitrust review after the Department of Justice requested additional information.
Valaris
Valaris Backlog Reaches $4.9 billion
6, May 2026
Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.
Valaris Sells DPS-1 for Recycling
6, May 2026
Valaris has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.
Halliburton, PETRONAS and Valaris Align on Suriname Offshore Work
7, April 2026
Halliburton, PETRONAS Suriname and Valaris have formed a strategic collaboration in Suriname to improve early alignment across subsurface work, well planning and offshore drilling execution.
Petrobras Keeps Valaris DS-4 Working Longer in Brazil
7, April 2026
Petrobras has extended the offshore Brazil assignment for Valaris DS-4 by 1,064 days. The award adds about $447 million to Valaris backlog and keeps the drillship committed through 2030.
Valaris Backlog Rises to $4.7 Billion on New Rig Awards
18, February 2026
Valaris reported nearly $900 million in new awards and extensions, lifting backlog to about $4.7 billion in its 17 February 2026 fleet status update across drillships and jackups.
Valaris seals $300m Shell drilling deal in Brazil
15, December 2025
Valaris Limited has signed a multi-year $300 million contract with Shell for the drillship VALARIS DS-8 on the Orca project offshore Brazil, with operations starting in Q1 2027.
Valaris semisubs move from Australia to Malaysia for stacking
9, December 2025
Valaris DPS-1 has arrived in Labuan, Malaysia, for warm stacking after finishing a Woodside contract in Australia. Sister rig Valaris MS-1 will follow later this month, with both now the company’s only semisubs.
Valaris Receives Multiple Jack-Up Contract Extensions in the UK North Sea
5, November 2025
Valaris reports multiple contract extensions in the UK North Sea, including a 194-day extension for the VALARIS 121 from Shell and a 150-day extension with Ithaca Energy.
