offshore drilling

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.

Borr to activate four more

OCTOBER 4, 2018 — In another sign of increasing optimism in the offshore drilling market, Tor Olav Troim’s Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups.

Transocean to acquire Ocean Rig for $2.7 billion

SEPTEMBER 4, 2018 — Offshore drilling contractors Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. (NASDAQ: ORIG) report that they have entered into a definitive merger agreement under which Transocean will