oil-gas
May 06, 2025
World Oil
Valaris Limited has agreed to sell its jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales agreement, BWE will be restricted from using the rig outside of BWE-owned or affiliated properties for the rig’s expected remaining useful life.
“We are pleased to announce this highly accretive, opportunistic transaction to sell VALARIS 247, a 27-year-old jackup currently working offshore Australia,” said Valaris President and CEO Anton Dibowitz. “Upon closing, the sale proceeds will provide us with additional financial flexibility, including the return of capital to shareholders.”
4
Recent CommentsJD
JD
John Doe1 week ago
Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius!
100
JDJD
2repliesJD
John Doe1 week ago
Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius!
100
JDJD
2repliesJD
John Doe1 week ago
Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius! Lorem ipsum, dolor sit amet consectetur adipisicing elit. Repudiandae, exercitationem earum hic numquam assumenda voluptatem velit nemo consequatur sed, ullam, iste porro vitae eius placeat dolorum dolore dolor! Inventore, eius!
100
JDJD
2replies
Energy Capital Power
Exxonmobil To Invest $1.5B In Nigeria’S Deepwater Oil Fields
oil-gas
08 May 2025
Pipeline Technology Journal
Uae Joins Funding For $25 Billion Nigeria-Morocco Gas Pipeline
oil-gas
07 May 2025
World Oil
Federal Jury Sides With Marathon Oil In $123.7 Million Force Majeure Case
oil-gas
07 May 2025
Pipeline Technology Journal
Friedrich Vorwerk Group Wins Contract For New 61Km Section Of South German Gas Pipeline
oil-gas
06 May 2025
Gas Processing and LNG
Totalenergies Seeks Permit For $16-B Green Hydrogen Project In Chile
oil-gas
06 May 2025
World Oil
Adnoc Gas Announces Q1 Net Income Of $1.27 Billion, Up 7% Year On Year
oil-gas
05 May 2025
Pipeline Gas Journal
Sunoco To Acquire Parkland In $9 Billion Deal As Americas Fuel Market Consolidates
oil-gas
05 May 2025
Pipeline Gas Journal
Sienergy To Acquire Epcor’S Texas Gas Operations, 353 Miles Of Pipeline For $60 Million
oil-gas
05 May 2025
Pipeline Gas Journal
Bukit Asam Advances $3.1 Billion Coal-To-Synthetic Gas Project In Indonesia
oil-gas
05 May 2025
Pipeline Gas Journal
Totalenergies Files For $16 Billion Green Hydrogen, Ammonia Hub In Chile
oil-gas
05 May 2025Gas Processing and LNG
Indonesia'S Bukit Asam Eyes $3.1-B Plant To Convert Coal To Synthetic Natural Gas
oil-gas
05 May 2025Pipeline Technology Journal
Spain Unveils Plan For Europe'S Largest Hydrogen Pipeline Network Spanning 2,600 Km
oil-gas
30 April 2025Energy Capital Power
Afreximbank Launches $3B Intra-African Oil Trade Facility
oil-gas
30 April 2025Pipeline Gas Journal
Indian Oil Inks $1.4 Billion Lng Supply Deal With Trafigura
oil-gas
30 April 2025Pipeline Gas Journal
Vaquero Midstream To Build 70-Mile Pipeline, Expand Gas Processing Near Waha Hub
oil-gas
29 April 2025Offshore Technology
Ukraine’S Naftogaz Secures $466M Financing For Purchasing Gas
oil-gas
29 April 2025Gulf Oil and Gas
The Liaohe Gas Storage Group Injected More Than 20 Billion Cubic Meters Of Gas
oil-gas
29 April 2025Pipeline Gas Journal
Spain’S 1,615-Mile Hydrogen Network Advances Ahead Of Schedule, Enagas Says
oil-gas
28 April 2025Arabian Gulf Business Insight
Oman To Build 400Km Hydrogen Pipeline Network
oil-gas
28 April 2025Gulf Oil and Gas
Liaohe Oilfield: Refreshing Concepts And Gathering Strength To "Return To 10 Million Tons"
oil-gas
28 April 2025