BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 17.Apr.2026, Words: 129) — The board of directors of Bermuda-based Paratus Energy Services Ltd. is reviewing the company’s organizational and corporate structures. This, especially in light of Paratus’s recently announced sale of Fontis‘ drilling operations and jack-up fleet.
Tag: Paratus Energy Services Ltd
Paratus CEO Robert Jensen resigns, board appoints Haxhimehmedi
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 17.Apr.2026, Words: 172) — The board of directors of Paratus Energy Services Ltd. accepted the resignation of Robert Jensen from his role as chief executive officer (CEO). Jensen will also be stepping down as a member of the Paratus board of directors […]
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 […]
PRESS DIGEST 2 MAR. 2026: Norwegian pensions, Iran retaliates, SouthCom head in Ecuador
HOUSTON, TEXAS (By editors with Energy Analytics Institute, 2.Mar.2026, Words: 602) — The following briefs are the top stories from the top media outlets on 2 Mar. 2026 across the Latin America and Caribbean (LAC) region and beyond, as compiled by editors from Energy Analytics Institute (EAI). EAI has not verified […]
Paratus Energy updates on operations in Mexico and with Brazil’s Petrobras
HAMILTON, BERMUDA (By Paratus, 2.Mar.2026, Words: 1,055) — Paratus Energy Services Ltd. reported operational and financial results for the fourth quarter and full-year 2025, highlighted by $115mn (FY 2025: $452mn) in combined segment revenues and $69mn (FY 2025: $261mn) in adjusted EBITDA. The company and its consolidated subsidiaries and ownership in […]
Paratus Energy announces receipt of $58mn payment in MexicoÂ
MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 20.Oct.2025, Words: 232) — Paratus Energy Services Ltd, through its wholly owned subsidiary Fontis Holdings Ltd. received payment of $58mn — an amount that includes Mexican standard value added tax (VAT) rate of 16% — towards overdue invoices from its client […]
Paratus Energy announces cash tender for up to $17.6mn senior secured notes due 2026
HAMILTON, BERMUDA (By Paratus, 15.Oct.2025, Words: 435) — Paratus Energy Services Ltd., in a deal related to its successful sale of shares in Archer Limited by Paratus JU Newco Bermuda Limited, a company wholly owned by Paratus, which raised gross proceeds of $49mn, commenced an offer to purchase for cash up to […]
Paratus reports 2Q:25 results, updates on overdue receivables in Mexico
HAMILTON, BERMUDA (By Paratus, 26.Aug.2025, Words: 1,065) — Paratus Energy Services Ltd. reported operational and financial results for the second quarter of 2025, highlighted by $107mn in combined segment revenues and $57mn in adjusted EBITDA. The company and its consolidated subsidiaries and ownership in joint ventures ended the quarter with $93mn in cash and a net debt […]
Paratus Energy Services eyes launch of offer to buy back own shares
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025, Words: 258) — Paratus Energy Services Ltd. launched an offer to buy back its own shares for an amount in NOK equivalent to $20mn. Parts has engaged ABG Sundal Collier ASA to assist with the offer, the Bermuda-based company announced 28 Feb. […]
Paratus Successfully Uplists to Euronext Oslo Børs
(Energy Analytics Institute, 13.Nov.2024) — Paratus Energy Services Ltd.‘s shares have been transferred from Euronext Growth Oslo and admitted to trading on Oslo Børs under the same ticker as on the Euronext Growth Oslo, “PLSV”. The action is effective on 13 Nov. 2024, Parts announced 13 Nov. 2024 in an […]
Paratus Energy Services Ltd Announces 4Q:22 Trading UpdateÂ
(Paratus Energy, 21.Mar.2023) — Paratus Energy Services Ltd. announced a trading update for the fourth quarter 2022 and updates on Paratus, its subsidiaries and associated companies. 1. Key Financial Highlights 1.1 Paratus In the fourth quarter ending 31 December 2022, Paratus generated $52mn in revenue and $24mn in EBITDA[1]. In the third quarter ending 30 September 2022, Paratus […]