EnergyWatch

Norway's Borr Drilling in giant order for 15 drilling rigs

Somewhat newly-established company Borr Drilling in Norway is looking to buy 15 rigs from US-Swiss rig major Transocean for USD 1.35 billion.

Photo: Transocean

Norwegian rig company Borr Drilling, established by two former senior executives in Norwegian shipping, Tor Olav Trøim and Fredrik Halvorsen, plans to buy 15 advanced drilling rigs. The transaction involves so-called jack-ups while the seller is US-Swiss rig behemoth Transocean, informs Borr Drilling, which is listed on the small OTS Exchange in Oslo, in a filing on Monday.

Transocean continues decline in third quarter 

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs