Borr Drilling has priced an additional $165 million of 10.375% senior secured notes due 2030 to help fund the acquisition of five premium jack-up rigs and for general corporate purposes.
Noble Corporation plc will sell six jackup rigs for about $424 million, with five units going to Borr Drilling Limited and one to Ocean Oilfield Drilling, leaving Noble focused on deepwater and ultra-harsh jackups.
Vaalco Energy has once again delayed its multi-well drilling campaign offshore Gabon, now set to begin in the fourth quarter as the company reports lower third-quarter earnings due to maintenance and weaker oil prices.
Borr Drilling reported higher Q3 2025 revenue and new contracts in Mexico, the Gulf of America, and Angola, with strong rig utilization across its fleet.
Borr Drilling extends contracts for three jack-up rigs with Pemex worth $213 million, including new terms and options through 2026.
