With the above developments, six rigs that were idle for part or the whole of 1Q25 are set to resume operations, laying the foundation for a significant improvement in utilisation, revenue and EBITDA ...

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Borr Drilling (NYSE:BORR) +9.3% pre-market Tuesday after announcing new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs.

Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, marking significant fleet updates. In South East Asia, the Thor rig received a binding letter of award ...

Shallow-water drilling contractor Borr Drilling has received good news in Mexico where three of its jack-up rigs had been suspended, while also reporting new contracts for three other jack-ups in ...

Malinao in Albay. Through PGPC’s drilling rig, Pioneer 1, exploration activities are now in full swing as part of efforts to develop a geothermal steam field at Mt. Malinao. The project is ...

Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.

Lime Petroleum signed a contract with Borr Gerd Limited for the Gerd jackup rig, which will be used for a 120-day drilling campaign in Benin. The Sèmè Field in Benin is operated by Akrake, which holds ...

Rex International’s 80.14% subsidiary, Lime Petroleum Holdings, has signed a contract with Borr Gerd for a modern-built jack-up rig, which will be used for a 120-day drilling campaign in Benin, a ...

Wells were developed throughout Grand Lake and oil extracted by a number of means, including derricks supported by wooden ... "These floating drill rigs were the precursor to offshore drilling ...

Iltani Resources (ASX:ILT) in early April expects a second drill rig to arrive on site at the Orient Silver-Lead-Zinc-Indium Project in Queensland, after completing the first five holes of an infill ...

The number of active rigs drilling for oil and gas in the U.S. fell by 1 to 592, their first decline in three weeks, Baker Hughes said Friday in its latest report. The decline reduces the total ...