Borr to activate four more

OCTOBER 4, 2018 — In another sign of increasing optimism in the offshore drilling market, Tor Olav Troim’s Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups.

Borr Drilling set to acquire Paragon Offshore

FEBRUARY 22, 2018 — Consolidation in the jack-up market continues. Tor Olav Troim’s Borr Drilling Limited is set to acquire Houston-headquartered Paragon Offshore. Borr has received commitments from holders of 67.9% of

Jackup rig values rise on oil recovery

JANUARY 26, 2018 —Rising oil prices have increased interest in secondhand for jack-up rigs, pushing asset values up 36 percent from a year ago, according to data compiled by VesselsValue. VV’s Fixed