Valaris files for Chapter 11 restructuring
Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.
Offshore & subsea - 20 August 2020
Aker BP extends contract for low-emission rig
In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.
TechnipFMC given EPCI contract for Mero 2 project
The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells.