Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorised
April 24, 2020

Service provider Valaris considering bankruptcy

By Matthew Farmer

Offshore service and vessel provider Valaris is reported to be considering bankruptcy.

On Tuesday, Reuters carried reports of Valaris preparing for talks with creditors to enter bankruptcy proceedings.

On Wednesday, it released a fleet report showing a slew of laid-up vessels, cancelled contracts and shortened operating hours.

Commentators have reacted with grim expectations of the company. It employs 5,800 people operating worldwide.

Read more here.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating
Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy