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Borr Drilling to expand rig fleet with USD 232.5 million acquisition

Tor Olav Trøim's Borr Drilling has announced the purchase of Paragon Offshore for USD 232.5 million. The acquisition includes 32 rigs, most of which are stacked.

Photo: Colourbox

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Price on Taiwanese offshore wind more than halved

A Canadian utility walked away the winner in Taiwan's first price competition, which slashed almost two-thirds of the price relative to just two months ago. A handful of developers have gone home empty handed.

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