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.
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Borr Drilling has hired Magnus Vaaler as its new chief financial officer, replacing Christoph Bausch with immediate effect.
The Chinese coast guard has been harassing a drilling rig contracted to Thailand’s PTTEP in Malaysian waters off Sarawak as the company attempts to appraise its biggest ever gas discovery.
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.
Borr Drilling has announced the sale of its third rig in a month as the firm seeks to consolidate its fleet size.
BW Energy has acquired two jack-up rigs and hatched a new plan for the development of the Hibiscus/Ruche field, offshore Gabon.
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
Borr Drilling has received a written notice from the New York Stock Exchange (NYSE) after it was found not to be in compliance with continued listing standards.
Borr Drilling has appointed Patrick Schorn as its new chief executive officer, succeeding Svend Anton Maier who will remain with the company as a special adviser.
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
An Aberdeen MSP has written to a clutch of North Sea firms calling on them to reconsider their decision to terminate hundreds of staff rather than use a UK Government-backed furlough scheme.
The UK Government has extended the cut-off date for workers to be eligible for its coronavirus jobs retention scheme, expected to benefit 200,000 people.
An offshore drilling firm has been urged to reconsider its plans to make 230 North Sea employees redundant.
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
As prices have plunged, interest in short selling of oil companies has increased.
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
Oslo-listed Borr Drilling has announced that it will be looking to add jobs once it moves into new office space, as work shifts from Dubai to Aberdeen.
Oslo-listed firm Borr Drilling has announced the sale of three jack-up rigs as it reports a widening of its losses in the first quarter of 2019.
Oslo-listed firm Borr Drilling today announced the purchase of a new jack-up drilling rig which it hopes can "generate positive income".
Tor Olav Troim, who took advantage of a brutal downturn to build Borr Drilling Ltd. from scratch into a $2.3 billion company, warned investors not to grow too enamored with the offshore drilling industry.
Dutch union Nautilus International confirmed today that Borr Drilling had announced its intention to reinstate 15 offshore and around three onshore staff, after widespread strikes by workers.