MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 29.Jul.2026, Words: 219) — Borr Drilling Limited announced BC Ventures Limited, a 50/50 joint venture between the company and its long-term well construction partner in Mexico, completed the previously announced acquisition of 5 premium jack-up rigs from Fontis Finance Ltd. for […]
Tag: Borr Drilling Limited
Borr Drilling updates on delayed start-up of Odin
MONTERREY, MEXICO (By Isaac Silvestre, Energy Analytics Institute, 20.May.2026, Words: 130) — Borr Drilling Limited said the expected start-up at the Odin will likely happen in the second quarter 2026. This, after Odin completed its mobilization from Mexico to the US Gulf where operations were expected to start in Feb. 2026.Â
Borr Drilling reveals new commitments for jack-up rigs across Mexico, Vietnam, and Gabon
MONTERREY, MEXICO (By Isaac Silvestre, Energy Analytics Institute, 1.Apr.2026, Words: 203) — Borr Drilling Limited announced new contract commitments for 4 of its premium jack-up rigs. AFRICA
Paratus announces divestment of its jack-up businessÂ
HAMILTON, BERMUDA (By Paratus, 23.Mar.2026, Words: 820) — Paratus Energy Services Ltd., together with its indirect subsidiary Fontis Finance Ltd., has entered into agreements with Borr Drilling Limited and Proyectos Globales de EnergĂa y Servicios CME, S.A. de C.V to sell Fontis’ drilling operations and jack-up fleet. The transaction is structured […]
Borr Drilling acquires 5 premium jack-up rigs through new JV
MONTERREY, MEXICO (By Isaac Silvestre, Energy Analytics Institute, 23.Mar.2026, Words: 300) — Borr Drilling Limited entered into definitive agreements to acquire 5 premium jack-up rigs from Fontis Finance Ltd. for a purchase price of $287mn. The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint venture between […]
Borr Drilling announces 3Q:25 results, updates on contract extensions in Mexico
HAMILTON, BERMUDA (By Borr Drilling, 5.Nov.2025, Words: 550) — Borr Drilling Limited announced unaudited results for the nine months ended 30 Sep. 2025. RELATED: Borr Drilling says Odin rig received a notice of a 30-day temporary suspension from Pemex Highlights — total operating revenues of $277.1mn, an increase of $9.4mn […]
EAI brief: Borr Drilling prices public offering of 50 million common shares
HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Jul.2025, Words: 213) — Borr Drilling Limited priced its previously announced offering of 50 million common shares at a price of $2.05 per share. Total gross proceeds from the offering were $102.5mn. The company plans to use said proceeds for general corporate […]
Borr Drilling says Odin rig received a notice of a 30-day temporary suspension from Pemex
MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 2.Jul.2025, Words: 433) — Borr Drilling Limited received notice from state-owned Pemex to temporarily suspend the Odin rig. This, amid new contract commitments for 4 of its premium jack-up rigs, bringing the total number of contracted rigs to 23 out of […]
Borr eyes ramp-up in activity, collects $120mn in outstanding receivables from Mexico
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 21.May.2025, Words: 302) — Borr Drilling Limited averaged 16 active rigs out of its 24-rig fleet during the first-quarter 2025 (1Q:25). And, despite the lower activity level, operational performance remained robust, with technical utilization at 99.2% and economic utilization at 97.9% for […]
Borr Drilling receives request for 3 rigs in Mexico, reveals 3 new contracts
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 8.Apr.2025) — Borr Drilling Limited received a re-mobilization request for 3 rigs in Mexico. The company also secured new awards for 3 of its premium jack-up rigs. In Mexico, Borr received a re-mobilization request from its customer for the “Galar”, “Grid” and […]
Borr Drilling Reveals 3Q:24 Results
(Borr Drilling, 6.Nov.2024) — Borr Drilling Limited announced unaudited results for the three and nine months ended 30 Sep. 2024. Highlights CEO, Patrick Schorn commented: “The operational performance in the third quarter was solid, with a technical utilization rate of 98.7% and an economic utilization rate of 96.9%. As expected, […]
Borr Drilling Announces Certain Preliminary 3Q:24 Results, Mexican Impacts
(Borr Drilling, 25.Oct.2024) — Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 Sep. 2024. For the three months ended 30 Sep. 2024, the company expects: (i) total operating revenues of approximately $242mn, (ii) operating income of approximately $84mn, and (iii) Adjusted EBITDA of approximately $116mn. […]
Borr Announces Certain 2Q:24 Preliminary Results
(Borr, 9.Aug.2024) — Borr Drilling Limited announced certain preliminary unaudited results for the quarter ended 30 June 2024. The company expects for the three months ended 30 June 2024: (i) total operating revenues of approximately $272mn, an increase of $38mn or 16% compared to the first quarter of 2024, (ii) operating income of approximately $104mn, an […]
Borr Drilling Reveals New Contract, Extensions
(Borr, 13.Feb.2023) — Borr Drilling Limited (NYSE: BORR) (OSE: BORR) has been awarded a new contract and two extensions for its premium jack-up drilling rigs “Ran”, “Gerd” and “Natt”. These awards increase the company’s firm backlog by approximately 625 days, excluding unexercised optional periods. The premium jack-up drilling rig “Ran” has […]
Borr Drilling reveals new 3-year contracts for drilling rigs in Mexico
(Editors at Energy Analytics Institute, 20.Oct.2022) — Borr Drilling Limited announced its joint venture (JV) company in Mexico Perfomex entered into new contracts for the company’s 5 premium jack-up rigs “Galar”, “Gersemi”, “Grid”, “Njord” and “Odin” with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V., providers of integrated well services to state-owned Pemex. The contracts are effective from […]
Borr Drilling on New Contracts and Extensions for Jack-up Drilling Rigs
(Borr Drilling, 4.Apr.2022) — Borr Drilling Limited (NYSE and OSE: “BORR”) has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company’s backlog by approximately 2,530 days, excluding optional periods. The premium jack-up drilling rig “Gunnlod” has secured a contract with […]
Borr Drilling Reveals Prelim 4Q:21 Results
(Borr Drilling, 16.Feb.2022) — Borr Drilling Limited announces preliminary unaudited results for the three and twelve months ended 31 December 2021. Highlights Fourth Quarter of 2021  Total operating revenues of $69.1mn, a decrease of $3.9mn (5%) compared to the third quarter of 2021 Net loss of $46.1mn, an increase of $13.5mn compared to the loss in the […]
LatAm Briefs: Payara Progressing, Inpex Divestment In Venezuela
(Energy Analytics Institute, 2.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: ExxonMobil progressing its Payara project in Guyana for start-up in 2024 and Japan’s Inpex divesting assets in Venezuela, and much more. Argentina — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) named […]
Borr Drilling Reports Preliminary 2Q:21 Results
(Borr Drilling, 31.Aug.2021) — Borr Drilling Limited announces preliminary unaudited results for the three and six months ended 30 June 2021. Highlights second quarter of 2021 Total operating revenues of $54.8mn, an increase of 13% compared to the first quarter of 2021           Net loss of $59.9mn, an increase of $5.5mn compared […]
![Borr Drilling’s Fleet Status Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/02/Screenshot_2021-02-26-a7966265c6e9db45-pdf.png)
Borr Drilling’s Fleet Status Report [PDF Download]
(Energy Analytics Institute, 26.Feb.2021) — Borr Drilling Limited provided a fleet status report through 26 February 2021. The update can be found here. ____________________ By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.
Borr Drilling Reveals Preliminary 4Q:20 Results
(Borr Drilling, 26.Feb.2021) — Borr Drilling Limited announces unaudited results for the three and twelve months ended December 31, 2020. Highlights in the Fourth Quarter of 2020 Total operating revenues of $60.2mn, net loss of $46.7mn and Adjusted EBITDA of $6.6mn for the fourth quarter of 2020.On 5 October 2020, […]