ASRY completed rig repair and upgrade works for ADES Holding in 2025, preparing ADM-501/ADM-504 for Nigeria and completing ADM-503/ADM-511 for Thailand and Brazil.
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.
Lianson Fleet Group and PV Drilling have agreed to review joint activities in Malaysia’s offshore drilling sector. Their planned partnership includes rig ownership, chartering and service support, with an initial target of two jack-up units. A shareholders’ agreement is expected in early 2026.
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.
Valaris reports multiple contract extensions in the UK North Sea, including a 194-day extension for the VALARIS 121 from Shell and a 150-day extension with Ithaca Energy.
Pharos Energy has launched a six-well offshore drilling campaign in Vietnam aimed at boosting production capacity from 2026.
