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Jack-up Rig

ModuSpec Expands Rig Intake Work in Europe and Africa

ModuSpec has secured about £450,000 in shipyard-based rig intake and inspection projects covering two drillships and two jack-up rigs, with work spanning Las Palmas, Croatia and Pointe-Noire ahead of offshore drilling campaigns in Europe and Africa.

Borr Drilling Sees More Rigs Return to Work

Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.

Borr Drilling Wins Four Jack-Up Contracts

Borr Drilling has secured new contract commitments for four premium jack-up rigs in Gabon, Mexico, Germany, and Vietnam, covering fresh awards and extensions for Prospector 5, Ran, Joro, and Thor.

BW Energy Signs Rig Sale-Leaseback Deal

BW Energy has agreed a sale-and-leaseback deal for the Jasmine Alpha jack-up rig, securing $80 million in cash while retaining access to the unit under a new lease arrangement.

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