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Drilling company Valaris takes huge impairment in first quarter

A massive impairment on two rigs results in a large loss for drilling company Valaris in the first quarter. CEO Tom Burke sees increasing activity, however, and the company has reactivated rigs.

Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com

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Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

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