1 min read

Transocean to acquire Valaris in $5.8b all-stock deal

Oilfield services firm Transocean said on Monday it would acquire peer Valaris in an all-stock deal valued at $5.8 billion, expanding its exposure across deepwater, harsh-environment and shallow-water basins worldwide. Transocean’s shares were marginally down, while Valaris’ shares were up 24.3 per cent at $77.64 in morning trade. Oilfield service providers have followed energy producers […]

3 mins read

Massive Indian-Hosted International Fleet Review Will Be a Diplomatic Test

The Indian Navy is about to host a large international exercise at its base in Visakhapatnam. Besides boasting the best natural harbor on India’s East Coast, Visakhapatnam hosts the headquarters of the Indian Navy’s Eastern Command, and is regarded as India’s shipbuilding capital. The interlinked series of exercises commences on Thursday, February 18 with an […]