Borr adds two more contracts, nears 100% utilisation
Borr Drilling has signed contracts for two of its jack-up rigs, in the Middle East and Southeast Asia.
Borr Drilling
Neptune told to review procedures after toxic gas released during North Sea drilling
Neptune Energy has been pushed to review its offshore procedures after a release of toxic gas during drilling operations earlier this year.
Singapore’s Sembcorp Marine confirms payment deferral for Borr Drilling
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 facility sets sail for Gabon
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.
Borr Drilling to make $250m common shares up for grabs
Offshore rig contractor Borr Drilling is planning to make a public offering of $250 million of its common shares available in the US.
Vaalco adds two wells to drilling plans off Gabon
Following success, Vaalco Energy has elected to keep its Borr Drilling rig for another two wells offshore Gabon.
Borr Drilling sells three jackup rigs for $320m
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
Borr wins new jack-up work in Southeast Asia
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
Borr Drilling awarded contracts and extensions for five jack-ups
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 names former Borr boss Simon Johnson as new CEO
Seadrill has named Simon Johnson, the former head of rival firm Borr Drilling, as its new CEO.
Borr Drilling backs rig day rates to increase as market tightens
The market for shallow water offshore drilling is on the up sparked by higher oil and gas prices and tight supply.
Borr Drilling reaches agreement to defer $1.4bn in debt to 2025
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.
BW Energy contracts Borr for Gabon drilling
Borr Drilling has signed a contract for its Norve jack-up to work in Gabon, for BW Energy.
Vaalco kicks off Gabon drilling work with Borr rig
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
Aquaterra wins BW Energy rig work
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 predicting rig utilisation levels to ‘improve rapidly’
Borr Drilling said it is seeing “stronger customer demand” for its rigs, with greater discussions and tending.
Lamprell lines up jack-up conversion for BW Energy’s Gabon plans
Lamprell has won a rig conversion contract from BW Energy for a project offshore Gabon.
Consortium shares offshore green hydrogen jack-up rig production concept
A consortium of energy firms has announced plans to develop an innovative concept for North Sea green hydrogen production.
Borr signs West African contracts as optimism rises
Borr Drilling sees better times ahead, predicting all its rigs might be in work by the end of 2022.
Borr Drilling wins more work for Gunnlod rig in Malaysia
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.
Andrew Austin’s Kistos kicks of 2021 North Sea drilling campaign
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
Vaalco contracts Borr jack-up
Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
CNOOC limbering up for second Glengorm appraisal well
Chinese firm CNOOC is preparing to drill the second of two appraisal wells on its Glengorm field in the UK North Sea.
Hope for Glengorm discovery remains despite initial appraisal setback, analyst says
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 hands $21.4m deal to Borr for Dutch and UK North Sea jobs
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.