$BORR

Borr Drilling (BORR) announced new commitments for three jack-up rigs. Norve secured a binding award for three wells in West Africa, starting mid-December 2026 for 245 days. Shell Nigeria exercised Natt's one-well option, extending work into early August 2027. Joro's UK accommodation contract starts mid-October 2026 for 60 days. All contracts include priced options.

Borr Drilling (NYSE: BORR) announced new contracts for three jack-up rigs. The Norve received a binding award for three wells in West Africa, starting mid-December 2026. Shell Nigeria exercised an option on the Natt, extending its contract into August 2027. The Joro secured a UK contract starting mid-October 2026. These commitments extend rig utilization into 2027.

Morand De Oliveira Bruno (Chief Executive Officer) purchased 45,500 shares of Borr Drilling Ltd (BORR) at $4.40 ($0.20M total) on 2026-09-18.

Troim Tor Olav purchased 150,000 indirectly-held shares of Borr Drilling Ltd (BORR) at $4.38 ($0.66M total) on 2026-09-17.

Borr Drilling Director Tor Olav Troim indirectly purchased 1,000,000 shares at $4.30 each on Sept. 16, 2026, according to an SEC filing. The stock closed at $4.23 that day. The company, an offshore shallow-water drilling contractor, has a $1.3B market cap and reported a 33% total return over the past year. Borr expects $1.054B in revenue for 2026, with a net loss of around $50M. The company recently expanded its fleet and made strategic divestments in Mexico.

Troim Tor Olav purchased 1,000,000 indirectly-held shares of Borr Drilling Ltd (BORR) at $4.30 ($4.30M total) on 2026-09-16.

Borr Drilling sold its 51% stake in two Mexican joint ventures, retaining ownership of three jack-up rigs and continuing contracts with Pemex. The sale is expected to close in September. Separately, Borr's Odin rig began earning revenue, Idun secured a Vietnam contract, and Eni extended Bestla's contract.

Borr Drilling reported new contracts for its Odin, Idun, and Bestla rigs, improving its forward coverage. The company expects revenue of $1.4B and earnings of $223.6M by 2029, assuming 10.8% yearly revenue growth. Analysts have mixed views, with some predicting a 9% upside and others a lower price target. Borr Drilling is still loss-making and faces risks from high leverage and shorter contracts.

Borr Drilling and Saipem have completed divestments in their drilling businesses. Borr transferred its 51% stake in Mexican joint ventures to its local partner, retaining ownership of three rigs and economic exposure through charter agreements. Saipem sold its Saudi Arabian drilling unit to ADES, securing a bareboat charter for one rig. Both companies aim to maintain access to drilling capacity while focusing on core businesses.

Borr Drilling (BORR) announced operational updates: the Odin rig began earning revenues in Texas, the Idun secured a 130-day contract in Vietnam, and ENI extended the Bestla's contract to 2027. The company expects to assume operational management of the Bestla in Q4 2026.