Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

Offshore drilling contractor Shelf Drilling has received a notice from Saudi oil and gas giant Aramco to resume operations ...

Valaris has signed new bareboat charter agreements under its Saudi Arabian joint venture with Saudi Aramco — ARO Drilling — for multiple jack-up rigs. ARO Drilling has also signed contracts with ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 ...

The jack-up market is characterized by some of the tightest supply conditions in the maritime sector. Approximately 30% of the global fleet has been operating for 30 years or more. The order book ...