Advertisement
Valaris Inks New Contracts And Contract Extensions
(RTTNews) - Offshore drilling services Valaris Ltd. (VAL) announced Wednesday new contracts and contract extensions, with associated contract backlog of approximately $150 million, awarded subsequent to issuing the Company's most recent fleet status report on May 1, 2023.
The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.
The company has inked two-well contract with Anadarko Petroleum Corp., Nine-well contract for a plug and abandonment campaign with Apache, 180-day (minimum duration) contract with an undisclosed operator offshore Australia, One-year contract with an undisclosed operator offshore Australia and Two-well contract with a major Australian operator.
read more
Transocean To Buy Valaris For $5.8 Bln Stock; Valaris Shares Climb
Offshore drilling services firm Transocean Ltd. (RIG) announced Monday an agreement to acquire rival Valaris Ltd. (VAL) in an all-stock transaction valued at approximately $5.8 billion. The enterprise value of the pro forma company is around $17 billion. Following the news, Valaris shares were gaining around 21 percent, trading at $75.50.
RTTNews
|
215 days ago
U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz
The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.
RTTNews
|
23h 12min ago
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak
The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews
|
1 day ago
Swiss Market Ends Modestly Higher
The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews
|
1 day ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut
European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews
|
1 day ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews
|
1 day ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews
|
1 day ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews
|
1 day ago
