Equinor ASA (EQNR) , a Norwegian energy giant, awarded a substantial drilling contract worth $498 million to Valaris Limited (VAL) , marking a significant move for the Brazilian oil and gas sector. The contract, awarded through Equinor Energy do Brasil Ltda., a subsidiary of Equinor, pertains to operations offshore Brazil under Project Raia. This move is part of the development of the Raia field, with operations expected to commence in 2026. The announcement highlights Equinor's strategic investment in Braz ...