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Offshore & subsea - 20 August 2020

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.


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.