Search results for: Borr Drilling

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  • 6 November 2019
    Business & Finance

    The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.

  • 31 July 2017
    Business & Finance

    Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company. The company said last Friday that it chose Simon Johnson as the new CEO. Johnson most recently served as a senior vice president of marketing & contracts at another offshore drilling company, Noble Corporation. Borr added […]

  • 1 May 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.

  • 27 February 2018
    Exploration & Production

    Norway’s Borr Drilling has officially launched its tender offer to buy all outstanding Paragon Offshore shares. The tender offer announcement released on Monday follows last week’s news that Borr Drilling had signed a binding tender deal to offer to purchase Paragon Offshore, in a move to consolidate the jack-up drilling market. The offer of $42.28 […]

  • 21 June 2018
    Equipment

    Workers’ union Nautilus together with Paragon Offshore employees in The Netherlands will on Monday stage a protest hoping to prevent a dismissal of more than 70 workers.

  • 22 November 2017
    Business & Finance, Exploration & Production

    Borr Drilling is seeing signs of healthy tendering activity in the jack-up rig market and is optimistic about a further increase in utilization levels going into 2018.

  • 5 January 2018
    Exploration & Production

    Offshore driller Borr Drilling has taken delivery of the jack-up rig Saga, built by Keppel in Singapore.

  • 29 May 2019
    Exploration & Production

    In some regions, such as the North Sea, Middle East and West Africa, competitive utilisation for modern units is well above 90%,

  • 31 May 2018
    Exploration & Production

    Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” after several recent acquisitions, is now in talks to find work for some of its drilling units.

  • 6 October 2017
    Business & Finance, Exploration & Production

    Offshore driller Borr Drilling has teamed up with Schlumberger, world’s largest oilfield services company, to offer integrated, performance-based drilling contracts in the offshore jack-up market. Borr said it would offer the service by leveraging the Schlumberger global foot print, infrastructure and technical expertise and Borr Drilling’s jack-up fleet. The driller said the combination of the Borr […]

  • 15 March 2019
    Exploration & Production

    Jack-up rig contractor Borr Drilling has secured offshore drilling contracts with oil company Pemex, which will see two new build jack-ups deployed in Mexico.

  • 8 October 2019
    Business & Finance

    Former CEO of Schlumberger Paal Kibsgaard has been formally appointed as the new chairman of the offshore drilling contractor Borr Drilling.

  • 3 October 2018
    Exploration & Production

    Offshore drilling company Borr Drilling has begun the activation of four jack-up rigs despite not having secured contracts for them.

  • 2 July 2018

    More more than 70 employees might be dismissed, the union says

  • 21 May 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks

    Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.

  • 30 April 2018
    Exploration & Production

    Offshore driller Borr Drilling has sold 14 old jack-up rigs en bloc to a non-drilling company as part of its rationalization program following Paragon Offshore takeover.

  • 23 April 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.

  • 1 June 2017
    Exploration & Production

    Following the sale of Transocean’s entire fleet of jack-up rigs to Borr Drilling, including those under construction at Keppel’s yard, the rig builder and the new owner have set the dates for the delivery of these rigs.  To remind, the sale, announced in March, included Transocean’s 10 high-specification jack-ups and five jack-ups under construction at Keppel […]

  • 4 June 2018
    Exploration & Production

    Borr Drilling has found work for one of its many jack-up drilling rigs – the Norve.

  • 28 March 2017

    Schlumberger, the world’s largest oilfield services provider has bought a stake in Norway’s Borr Drilling, a recently established offshore drilling company. This was revealed by Schlumberger’s CEO Paal Kibsgaard at a conference in New Orleans on Monday. He said the company had set up a special venture fund for project investments “to demonstrate our openness to […]

  • 28 February 2020
    Business & Finance, Exploration & Production

    Borr Drilling believes that the growth in the shallow-water drilling is set to continue in 2020. The average length of a jack-up contract has increased, supported by strong tendering activity, where Borr sees a demand for more than 40 modern jack-up rigs in various tenders across the world.

  • 12 July 2019
    Business & Finance

    Borr Drilling, an offshore drilling company that operates 27 rigs, has filed a registration statement with the SEC in an attempt to raise up to $50 million in an initial public offering.