Borr Drilling has signed contracts for two of its jack-up rigs, in the Middle East and Southeast Asia.
Neptune Energy has been pushed to review its offshore procedures after a release of toxic gas during drilling operations earlier this year.
Sembcorp Marine today confirmed it will extend the time for repayment terms for Borr Drilling from 2023 to 2025 for the nine jack up rigs that the Singapore yard delivered to the driller between 2017 to 2019 after a final agreement was signed.
BW Energy’s new offshore production facility has set sail for Gabon, on a heavy lift vessel. It is due to arrive by the end of September.
Offshore rig contractor Borr Drilling is planning to make a public offering of $250 million of its common shares available in the US.
Following success, Vaalco Energy has elected to keep its Borr Drilling rig for another two wells offshore Gabon.
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
Borr Drilling has been awarded new contracts and extensions for five of its jack-up drilling rigs spanning Southeast Asia and the Middle East.
Seadrill has named Simon Johnson, the former head of rival firm Borr Drilling, as its new CEO.
The market for shallow water offshore drilling is on the up sparked by higher oil and gas prices and tight supply.
Borr Drilling has reached agreements with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025.
Borr Drilling has signed a contract for its Norve jack-up to work in Gabon, for BW Energy.
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
Aquaterra Energy has won a $4.4 million contract to participate in the conversion of the Hibiscus Alpha jack-up rig, which will be located offshore Gabon.
Borr Drilling said it is seeing “stronger customer demand” for its rigs, with greater discussions and tending.
Lamprell has won a rig conversion contract from BW Energy for a project offshore Gabon.
A consortium of energy firms has announced plans to develop an innovative concept for North Sea green hydrogen production.
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Norwegian offshore drilling company Borr Drilling has received a letter of award covering a 105-day contract for its Gunnlod jack-up working for an undisclosed operator in Malaysia.
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
Chinese firm CNOOC is preparing to drill the second of two appraisal wells on its Glengorm field in the UK North Sea.
The Glengorm gas discovery, hailed as the biggest in the UK North Sea for more than a decade, could still turn out to be a major find despite suffering a setback, an analyst has said.
Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.