Borr Drilling Ltd. today announced contract extensions for three of its premium jack-up rigs and provided an update on collections in Mexico. The rigs Galar and Gersemi have each been awarded two-year firm contract extensions that will commence in direct continuation of their existing contracts in Mexico. The extensions also include two one-year unpriced options and improved commercial and payment terms. In addition, the [...]
Borr Drilling Ltd. announces that it has terminated two of its drilling contracts following the recent implementation of international sanctions affecting a counterparty. The terminations relate to the contracts for the rigs Odin and Hild in Mexico that had firm commitments until November 2025 and March 2026, respectively. The Company remains fully committed to adhering to all relevant international laws and sanctions [...]
Borr Drilling Ltd. plans to release its financial results for the third quarter of 2025 after the close of the New York Stock Exchange on Wednesday, 5 November 2025. A conference call and webcast are scheduled for 10:00 AM New York time on Thursday, 6 November 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be [...]
HAMILTON, Bermuda, Sept. 10, 2025 /PRNewswire/ -- Borr Drilling Ltd.'s CEO, Bruno Morand, will present at the Pareto Securities' 32nd annual Energy Conference, today, September 10, 2025 in Oslo, Norway. A copy of the presentation is available on the Company's website at www.borrdrilling.com and enclosed to this release. CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was [...]
HAMILTON, Bermuda, Aug. 27, 2025 /PRNewswire/ -- Borr Drilling Ltd. is pleased to announce new contract commitments for two of its premium jack-up rigs and an additional fleet update. In the North Sea, the Prospector 1 has received separate binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled to [...]
HAMILTON, Bermuda, Aug. 14, 2025 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Ltd.'s second quarter 2025 results to be held on the webcast/conference call at 9:00 AM New York time on August 14, 2025. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/g4x5gjyu b) Conference [...]
HAMILTON, Bermuda, Aug. 13, 2025 /PRNewswire/ -- Borr Drilling Ltd. announces unaudited results for the six months ended June 30, 2025. Highlights Total operating revenues of $267.7 million, an increase of $51.1 million or 24% compared to the first quarter of 2025 Net income of $35.1 million, an increase of $52.0 million compared to the net loss in the first quarter of 2025 Adjusted EBITDA of $133.2 million, an increase [...]
HAMILTON, Bermuda, Aug. 7, 2025 /PRNewswire/ -- Borr Drilling Ltd. announced today the second and final settlement of its previously announced public offering of 50 million common shares at a price of $2.05 per share for total gross proceeds of $102.5 million. The total number of shares issued in the offering was 50 million, of which 30 million shares were issued on July 7, 2025, and 20 million shares were issued on [...]
HAMILTON, Bermuda, Aug. 6, 2025 /PRNewswire/ -- Borr Drilling Ltd. announces the results of 2025 Special General Meeting , held on August 6, 2025 at 11:00 am at the Company's registered office located at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. At the SGM, the following resolutions were approved by shareholders: To set the maximum number of Directors of the Company to be not more [...]
Borr Drilling Ltd. plans to release its financial results for the second quarter 2025 after the close of the New York Stock Exchange on Wednesday 13 August, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time on Thursday 14 August, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from [...]
Borr Drilling Ltd. advises that the Company will convene and hold a Special General Meeting of Shareholders on Wednesday, August 6th, 2025 at the Registered Office of the Company, 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The Board of Directors has fixed 5:00 p.m. Bermuda time on July 14th, 2025, as the record date for determination of the shareholders entitled to receive notice of [...]
Borr Drilling Ltd. announced today the first settlement of its previously announced public offering of 50 million common shares at a price of $2.05 per share for total gross proceeds of $102.5 million. The first settlement was completed for 30 million common shares. The second settlement for the remainder of the shares offered is expected on August 7, 2025, subject to the condition that shareholders of the Company approve [...]
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