VAL Stock Recent News

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced several fleet rationalization actions and issued a Fleet Status Report. Fleet Rationalization Actions The Company recently decided to retire three semisubmersibles from its fleet: VALARIS DPS-5, which has been idle since last working in third quarter 2024, as well as VALARIS DPS-3 and VALARIS DPS-6, which have been stacked for several years. The Company expects that these rigs will be re.

Valaris (VAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

President Trump's “Drill, baby, drill” initiatives may cause a demand spike for offshore drillers. Trump signed an executive order attempting to remove former President Biden's permanent offshore drilling ban over 625 million acres of federal waters.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Fourth Quarter 2024 Earnings Release and Conference Call.

XOM discovers gas off Egypt's Mediterranean coast with Valaris DS-9 drillship, marking a breakthrough in the untapped western region.

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, RIG and PTEN.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Third Quarter 2024 Earnings Release and Conference Call.

EQNR has secured key suppliers for its $9 billion Raia gas project in Brazil, aiming to meet 15% of the country's gas requirements. The project is slated to begin production in 2028.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 3, 2024, beginning at 1:50 pm EDT. Investor materials to be used during the conference will be available on Valaris' website at www.valaris.com the morning of the event. A live webcast will be available at the time of the presentation i.

Valaris reported strong Q2 results, with revenue and adjusted EBITDA hitting multi-year highs. Free cash flow remained negative due to a combination of higher working capital requirements and elevated capital expenditures. Despite the strong Q2 performance, management lowered full-year expectations due to increased near-term idle time for certain rigs and required repairs.