BORR is up 150% since my last article but remains undervalued in view of the secular bull market in offshore drilling and services. The demand for BORR's modern jack-up rigs keeps growing while rig ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

THE WOODLANDS, Texas, Sept. 7, 2023 /PRNewswire/ -- Arena Energy, LLC ("Arena"), a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, and White Fleet Drilling, ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 ...

5 days Crude Oil, Distillates Inventories See Minor Build as Prices Sink 5 days Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook ADNOC Drilling has been awarded a $1.15 billion, 15-year ...

KENAI, Alaska (AP) — The Endeavour has finally left Homer. The 400-foot-tall jack-up rig, one of the largest such rigs in the world, arrived from Singapore in August. The plan was for the $100 million ...

Valaris Ltd. VAL, an offshore drilling contractor, has stated that its jack-up rig, Valaris 144, has reached Angola to begin its new drilling assignment. The rig had completed its project in Corpus ...

Borr Drilling (NYSE:BORR) +2.8% pre-market Monday after revealing new contract commitments totaling 495 days and $82.2M in contract revenue for three jack-up rigs. The company said it secured a ...