Seatrium has successfully delivered a newbuild jackup rig, Var, to Borr Drilling, nearly one year ahead of schedule. It is the final newbuild rig in a series of five B Class jackup rigs that ...

New York-listed Borr owns three of the suspended rigs, and said in its quarterly earnings call the total of 12 suspended jack-ups represents 45% of the Pemex contracted fleet. Borr said the ...

Management emphasized mitigation strategies, including reduced CapEx, increased backlog visibility, and marketing idle rigs in multiple regions. Borr Drilling Limited delivered strong Q4 ...