Welcome to our dedicated page for BORR DRILLING news (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on BORR DRILLING stock.
Borr Drilling Limited (NYSE: BORR) is an offshore shallow-water drilling contractor focused on premium jack-up rigs for oil and gas exploration and production customers. This news page aggregates company press releases and market updates so readers can follow how Borr Drilling’s contracting activity, fleet developments and financing decisions evolve over time.
Recent news highlights include contract extensions and new commitments for several of Borr Drilling’s premium jack-up rigs, such as Galar, Gersemi, Njord, Odin and Grid. Updates have covered multi-year extensions in Mexico, new work in the Gulf of America and Angola, and the impact of international sanctions on certain contracts. These announcements illustrate how the company manages utilization across its fleet and responds to changes in customer demand and regulatory conditions.
Investors can also track capital markets activity through Borr Drilling’s news. The company has announced public offerings of common shares and additional senior secured notes, with stated plans to use proceeds for the acquisition of five premium jack-up rigs from Noble Corporation and for general corporate purposes. News releases further describe steps toward dual listing on Euronext Growth Oslo and the Oslo Stock Exchange alongside its New York Stock Exchange listing.
In addition, quarterly results releases and fleet status reports provide insight into operating revenues, net income, Adjusted EBITDA, contract coverage and utilization across the premium jack-up fleet. Together, these items give context on Borr Drilling’s operational performance, contracting pipeline and financial position. Readers interested in BORR news can use this page to monitor contract awards, extensions, terminations, financing transactions and listing updates that shape the company’s outlook.
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced the release of its Q2 2024 financial results on August 14, 2024, after the New York Stock Exchange closes. The company will host a conference call and webcast on August 15, 2024, at 15:00 CEST (9:00 AM New York Time) to discuss the results. Participants are encouraged to join 10 minutes before the call starts. The earnings report and presentation will be available on the company's website. To access the webcast, participants can use the provided link, while for the conference call, registration is required through another link. A replay of the call will be available after the event.
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced new contract commitments for three premium jack-up rigs, totaling 1,779 days and $332 million in contract revenue. The 'Arabia I' secured a 4-year contract in Brazil with Petrobras, starting Q1 2025. The 'Gunnlod' received a Letter of Award for seven wells in Malaysia, expected to start in November 2024. The 'Norve' secured a 109-day extension in Gabon until February 2025.
Additionally, the 'Gerd' will execute a previously announced 180-day commitment in Congo for ENI, starting October 2024. Year-to-date, Borr Drilling has secured 13 new contracts worth $644 million, with an average day rate of $185,000. The new Brazil contract for 'Arabia I' represents a 60% day-rate increase over its previous contract.
Borr Drilling (NYSE: BORR, OSE: BORR) has announced that its 2024 Annual General Meeting (AGM) will be held on August 14, 2024. The record date for voting eligibility is set for June 7, 2024. Detailed notices, agendas, and associated materials will be distributed prior to the meeting. This information is in accordance with section 5-12 of the Norwegian Securities Trading Act.
For further inquiries, contact Magnus Vaaler, CFO, at +44 1224 289208. The press release is available at Cision and PR Newswire websites.
Borr Drilling (NYSE: BORR, OSE: BORR) announced a cash distribution of US$0.10 per share for Q1 2024. The Board approved this on May 22, 2024.
Key dates are: last day including right on OSE is May 30, 2024, and on NYSE is May 31, 2024. Ex-dividend dates are May 31, 2024 (OSE) and June 3, 2024 (NYSE). Record date for both exchanges is June 3, 2024. Payment date is expected around June 17, 2024, with distributions to Euronext VPS shareholders around June 20, 2024.
This announcement follows the implementation of the Central Securities Depository Regulation in Norway, impacting settlement bases of NYSE (T+1) and OSE (T+2).
Borr Drilling (NYSE and OSE: BORR) will release its financial results for Q1 2024 on May 23, 2024. The company has scheduled a conference call and webcast for 15:00 CEST (9:00 AM New York Time) on the same day. Participants are encouraged to dial in 10 minutes before the call starts. The earnings report and presentation will be accessible on the company's Investor Relations section at www.borrdrilling.com.
To access the webcast, participants can click on the provided link. For the conference call, registration is required through another link, after which participants will receive dial-in details. A replay of the call will be available after its completion through a specified streaming link. For further inquiries, Magnus Vaaler, CFO, can be contacted directly.
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