Valaris announces new contract awards

first_imgThe new contracts are worth approximately $285 million Image: Valaris awarded new contracts and extensions. Photo: courtesy of QR9iudjz0/FreeImages. Valaris plc (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded subsequent to a prior fleet status report dated October 25, 2019.-VALARIS DS-18 (Relentless) contract extended due to the exercise of a one-well priced option with EnVen in the U.S. Gulf of Mexico, with an estimated duration of 45 days from February 2020 to March 2020; the rig has also been awarded a two-well contract with an undisclosed operator in the U.S. Gulf of Mexico that is expected to commence in June 2020, with an estimated duration of 180 days-VALARIS DS-15 (Renaissance) awarded a one-well contract with Eni in the U.S. Gulf of Mexico that is expected to commence in November 2019, with an estimated duration of 30 days; the rig has also been awarded a two-well contract with CNOOC offshore Mexico that is expected to commence in April 2020, with an estimated duration of 160 days-VALARIS JU-292 (Norway) contract extended due to the exercise of a six-well priced option with ConocoPhillips offshore Norway, with an estimated duration of 300 days from early May 2020 to late February 2021-VALARIS JU-290 (Viking) contract to provide accommodation services with Repsol offshore Norway extended by approximately 50 days from early February 2020 to late March 2020-VALARIS JU-249 (Gorilla VII) contract with Chrysaor in the North Sea extended by one year from November 2019 to November 2020-VALARIS JU-144 (EXL II) awarded a 12-well contract with Eni offshore Mexico that is expected to commence in April 2020, with an estimated duration of two years-VALARIS JU-122 contract extended due to the exercise of a one-well priced option with Shell in the North Sea, with an estimated duration of 150 days from November 2020 to April 2021-VALARIS JU-117 (Ralph Coffman) contract extended due to the exercise of a two-well priced option with an undisclosed operator offshore Trinidad, with an estimated duration of 60 days from February 2020 to April 2020-VALARIS JU-115 contract extended due to the exercise of a four-month priced option with Mubadala Petroleum offshore Thailand from March 2020 to July 2020-VALARIS JU-87 awarded a 21-well contract with Exxon in the U.S. Gulf of Mexico that is expected to commence in November 2019, with an estimated duration of 295 days Source: Company Press Releaselast_img read more

High-powered men’s water polo prepares for two games

first_imgThe No. 3 men’s water polo team will have an opportunity for revenge against the No. 2 Cal Bears (15-2) on Saturday following a nonconference matchup with the Claremont-Mudd-Scripps Stags (10-12) on Thursday night.Emily Smith | Daily TrojanThursday night lights · Junior driver Matteo Morelli and the No. 3 men’s water polo team host two games this weekend, starting with Claremont on Thursday at 5 p.m. They play No. 2 Cal at 6:30 p.m. on Saturday.Coming off a big 13-8 win over No. 6 Long Beach State this weekend, USC (16-1) has rattled off eight straight wins, seven of them thanks to double-digit scoring.Against the 49ers, the Trojans were outscored early 3-2, but were able to bounce back and obtain an 11-6 lead going into the final frame despite a raucous Long Beach State crowd.“It was a really tough game in the beginning,” junior driver Matteo Morelli said. “As the game went on, we scored a couple goals, and the momentum went our way. That is a tough pool to play in. It’s a good crowd.”USC got out of Long Beach with a 13-8 victory. Nine different Trojans scored goals, including four who had two goals.With the momentum gained from their latest top-10 win, the Men of Troy have a chance to make a legitimate claim for the nation’s No. 2 spot versus Claremont and Cal.At 10-12, Claremont has experienced adversity against talented teams this year, sporting a 2-12 record against teams in the top-25.With just 19 players to mix in and out of the pool, the Stag’s lack of roster depth has troubled them, especially late in games.In terms of USC’s game plan for Claremont, the Trojans are playing with the same attitude as every other contest this season.“We just need to be ready to win the game,” senior driver Nick Bell said. “We go into every game like it’s the championship game; we can’t think about anything else. Cal’s coming up, and it will be a fun game.”After their meeting with Claremont on Thursday, USC will play host to Cal, the same team that gave USC its first and only loss in September at Cal’s invitational tournament earlier this month.Ten games later, the Trojans are preparing for a similar offensive assault that downed them earlier in the season.In a close 10-8 loss, the Trojans mounted a furious five-goal comeback after being down 6-2 at halftime. By the end of four periods, the Bears and their six different scorers proved to be too much for the USC defense.“I was a little disappointed we weren’t able to pull off first place, but it’s difficult playing away games, and playing Cal at Cal is difficult with their home crowd,” junior driver Grant Stein said. “To get back up, we try and motivate each other with support to lift each other’s spirits in that huddle.”Cal’s Johnny Hooper, the former MPSF Newcomer of the Year and current leading goal scorer, has fired in 50 total goals in 2016, including three goals against USC.Along with Hopper’s 50, Safak Simsek (20) and Odysseas Masmanidis (17) can each provide scoring support should the Trojans bottle Hopper up.If the Men of Troy survive Saturday’s contest, a No. 2 spot in the national rankings is imminent. But before they take on Cal, the Trojans need to take care of business against the Stags. Thursday’s game is at 5 p.m., and Saturday’s contest begins at 6:30 p.m.last_img read more