Borr Drilling Upgrades Oslo Listing to Main Euronext Oslo Børs Market
Borr Drilling announced its shares have been approved for transfer from Euronext Growth Oslo to the main Euronext Oslo Børs market, effective May 21, 2026. This move is expected to increase market visibility, broaden its investor base, and support future financial activities, while the company maintains its primary listing on the NYSE. The offshore drilling contractor, specializing in shallow-water services, also noted a recent analyst rating of Buy with a $6.80 price target on its stock.
MAR 24·Stocktwits▲
Borr Drilling Stock Edges Up After Acquisition Of 5 Jack-Up Rigs In Mexico For $287M
Borr Drilling announced the acquisition of five premium jack-up rigs in Mexico from Fontis Finance Ltd. for $287 million, with the deal expected to close in Q3 2026. The acquisition will be financed through a $237 million non-recourse seller's credit and cash contributions from Borr Drilling and its local partner. The company's CEO, Bruno Morand, stated that the rigs were acquired at an attractive valuation and are strategically important given the expected increase in demand for jack-up rigs.
MAR 12·StocksToTrade▼
Borr Drilling’s Stock Drops Amid Middle-East Regional Tensions
Borr Drilling Limited's stock dropped by over 7% following the announcement of potential offshore drilling setbacks due to escalating Middle-East regional tensions. The company temporarily closed four drilling rigs in the Arabian Gulf, including the Arabia III jack-up rig, leading to reduced manpower and increased market uncertainty. Negative profit margins and a high debt-to-equity ratio further exacerbate the challenges, highlighting the critical need for Borr Drilling to stabilize operations and reassess risk management strategies.
