Vlaris president and CEO Tom Burke

Offshore driller exits Chapter 11

Offshore drilling contractor Valaris — which until a 2019 name change was called EnscoRowan — reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.

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New DNV JIP aims to reduce jacking gear failure

APRIL 11, 2013 — DNV is inviting industry to participate in a project aimed at reducing failure of the jacking gears of self-elevating units and jack-ups. Though jacking gears are, by definition,

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Prospector Offshore hit by Cyprus banking woes

MARCH 26, 2013 – Oslo-listed Prospector Offshore Drilling S.A. today announced what it described as “a potential loss as a result of the Eurozone agreement with Cyprus.” “Reference is made to the