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 Ltd (BORR) delivers modern offshore drilling solutions through its fleet of high-specification jack-up rigs. This news hub provides investors and industry professionals with timely updates on operational milestones, contract awards, and strategic developments shaping the company’s position in the global energy sector.
Access consolidated coverage of earnings reports, rig deployments, and safety achievements. Our repository ensures you stay informed about BORR’s progress in securing long-term drilling commitments and managing its premium asset portfolio across key offshore regions.
Discover updates on fleet expansions, partnership agreements, and operational efficiency initiatives. All content is curated to help stakeholders track the company’s performance in competitive markets while maintaining compliance with industry regulations.
Bookmark this page for streamlined access to Borr Drilling’s latest press releases and market-moving announcements. Check regularly for authoritative reporting on operational excellence in challenging offshore environments.
Borr Drilling Limited (NYSE: BORR) announced the appointment of Daniel Rabun as a Director, effective April 25, 2023. Mr. Rabun brings significant experience to the Company, having served as the Chairman, President, and CEO of Ensco plc from 2007 to 2015. He previously worked as a partner at Baker & McKenzie LLP, advising oil and gas firms. His board experience includes roles at Golar LNG Ltd, where he served from 2015 to 2017, and at APA Corporation since May 2015. Currently, he holds the position of Chairman of the Board at ChampionX Corporation. Rabun holds a Bachelor’s in Accounting from the University of Houston and a Juris Doctorate from Southern Methodist University.
Borr Drilling Limited (NYSE: BORR) has announced a significant contract award for its premium jack-up rig "Hild" from an undisclosed customer for operations in Latin America. The contract, valued at US$123 million, includes mobilization and demobilization fees, and spans a term of 725 days, set to commence in Q3 2023. Following this award, all 22 of the Company's delivered rigs are now contracted or committed, indicating strong market demand with no rig availability until late Q3 2023. The Company remains optimistic about future contracting opportunities as the market improves.
Borr Drilling Limited (NYSE: BORR) announced the completion of its Special General Meeting on February 23, 2023, and the successful placement of $250 million in Convertible Bonds. The Company has entered into a share lending agreement (SLA) to facilitate hedging activities for investors, making 15 million shares available, with an additional 10 million shares to follow. Following the meeting, Borr Drilling's issued share capital increased by $1 million to $25,426,359.80, resulting in a total of 254,263,598 shares. The new shares will be placed under a separate ISIN and are currently treasury shares, not yet admitted to trading.
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