Valaris Limited has agreed to sell its jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025. The VALARIS 247 is a 27-year-old jackup rig currently operating offshore Australia.
North Sea oil loadings to hit eight-year high as global supply glut builds
North Sea crude exports are set to reach their highest level since 2017, with December loadings...
