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.
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.