Search results for: Borr

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  • 6 August 2019
    Business & Finance, Exploration & Production

    Borr Drilling has been awarded another drilling contract by Pemex. As a result, Borr will have three of its jack-up rigs operating offshore Mexico for Pemex and four in total in the country. 

  • 22 February 2018
    Exploration & Production

    With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engineered asset playing anymore. They’re a real drilling contractor.

  • 13 September 2017
    Business & Finance, Exploration & Production

    Offshore driller Borr Drilling has accepted a letter of intent from BW Energy Dussafu, a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s high-specification jack-up rig Norve will be utilized to drill and complete two subsea development wells, the driller informed on Wednesday. The program has an estimated duration of 140-160 days […]

  • 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.

  • 19 June 2018
    Exploration & Production

    Analysis by Rystad Energy shows that Borr Drilling would emerge with the largest and youngest jack-up fleet if rigs over 35 years were retired in the short term.

  • 3 July 2020
    Business & Finance, Business developments & projects, Regulation & policy, Rules & Regulation

    Offshore drilling contractor Borr Drilling has regained compliance with the New York Stock Exchange (NYSE) continued listing standard.

  • 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 […]

  • 6 November 2019
    Business & Finance

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

  • 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.

  • 17 February 2020
    Exploration & Production

    Offshore drilling contractor Borr Drilling has entered into a new financing arrangement for the newbuild jack-up rig Tivar.

  • 22 February 2018
    Business & Finance, Exploration & Production

    Borr Drilling has made a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore. 

  • 16 May 2018
    Exploration & Production

    Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet.

  • 9 October 2017
    Exploration & Production

    Offshore driller Borr Drilling Limited has signed a master agreement for the acquisition of nine premium jack-up rigs from Sembcorp Marine’s PPL Shipyard. Borr Drilling said last Friday that the acquisition would increase the company’s fleet to a total of 26 jack-up rigs once all rigs under construction at the shipyard have been delivered. The […]

  • 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.

  • 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.

  • 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%,

  • 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 […]

  • 24 March 2017
    Exploration & Production

    Trøim and Fredriksen go all in on rig purchases while droves of investors look to jump on for the ride. If the market continues its recovery, they’ll do well. By David Carter Shinn Since last week, there have been two offshore rig transactions involving 17 rigs. Some of the details are still not public, but […]

  • 25 July 2018
    Exploration & Production

    The UK offshore workers together with former Paragon Offshore employees represented by Nautilus union are going to protest on Thursday at Borr Drilling’s office on Thursday.

  • 29 July 2019
    Business & Finance

    Borr Drilling has launched the initial public offering in the United States in an attempt to raise around $50 million.

  • 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 […]

  • 2 July 2018

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