Sector Update: Energy Stocks Edge Higher Premarket Tuesday

09:17 AM EST, 01/06/2026 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%. The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 4.1% lower. Front-month US West Texas Intermediate crude oil was up 0.7% at $58.74 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $62.26 per barrel, and na…

Sector Update: Energy

08:58 AM EST, 01/06/2026 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%. The United States Oil Fund (USO) was up 0.8% and the United States Natural Gas Fund (UNG) was 3.7% lower. Front-month US West Texas Intermediate crude oil was up 0.7% at $58.74 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $62.23 per barrel, and na…

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday Amid Geopolitical Uncertainties

08:35 AM EST, 01/06/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.2% in Tuesday's premarket activity, as investors continue to assess the uncertain geopolitical situation. US stock futures were mixed, with S&P 500 Index futures up 0.04%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures gaining 0.2% before the start of regular trading. The pu…

Borr Drilling Bags Two Jack-up Rigs Contracts in US, Mexico

04:57 AM EST, 01/06/2026 (MT Newswires) -- Jackup drilling contractor Borr Drilling (BORR.OL) said Tuesday it secured new contracts for two jack-up rigs in Mexico and the US. The company's Ran rig extended its contract with Eni (ENI.MI) by one well in Mexico. The expected duration of the well is 75 days, with an option to extend the contract for an additional 240 days. In the US, Borr Drilling's Odin rig obtained a contract for two wells plus an optional well with an unnamed …

Borr Drilling Details New Contract Commitments for 2 Jack-Up Rigs

04:10 AM EST, 01/06/2026 (MT Newswires) -- Borr Drilling (BORR) said Tuesday it has received new contract commitments for two of its premium jack-up rigs. The Ran rig received a one-well contract extension with Eni (E) in Mexico. The well is expected to last about 75 days, keeping the rig on firm contract until March. The remaining options under the contract allow for 240 days of extension beyond the end of the new term. The company said the Odin rig won a contract for two we…

Borr Drilling Ltd. Announces Availability of Disclosure on Director-Related Trade

(AWP Alliance News) - Borr Drilling Ltd. has published a mandatory disclosure regarding a trade by Granular Capital Ltd., a Person Closely Associated (PCA) with Director Thiago Mordehachvili. The disclosure is available on the Oslo Bors NewsWeb site: https://newsweb.oslobors.no/message/662763. https://www.publicnow.com/view/3CD8738ADA7D4E09CBCBA6566AE4FDA34E0532B1/117424 Disclaimer: This news brief was created using generative artificial intelligence. Borr Drilling Ltd. publi…

Borr Drilling Reports Pricing of Additional Senior Notes Offering

03:12 PM EST, 12/09/2025 (MT Newswires) -- Borr Drilling (BORR) said Tuesday some of its subsidiaries, including Borr IHC, have priced some $165 million offering of additional 10.375% senior secured notes due 2030. The additional notes will have the same terms and conditions as the existing 2030 notes, the company said. The settlement of the notes is expected Dec. 19. Borr said it plans to use the proceeds to help fund the acquisition of five premium jack-up rigs and for gene…

Borr Drilling Prices USD 165 Million in Additional Senior Secured Notes

(AWP Alliance News) - Borr Drilling Limited has announced the pricing of an offering of additional 10.375% senior secured notes due 2030 through its wholly owned subsidiary, Borr IHC Limited, and certain other subsidiaries. The gross proceeds from this issuance are approximately USD 165 million. The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030. For more details, view the original content at https://www.prnewswire.com/n…

Borr Drilling Prices $84 million Public Stock Offering

10:22 AM EST, 12/09/2025 (MT Newswires) -- Borr Drilling (BORR) said Tuesday it has priced its previously announced public offering of 21 million common shares at $4 per share, for total gross proceeds of $84 million. The company said it intends to use offering proceeds towards the purchase of five premium jack-up rigs, debt servicing and capital expenditures, among others. Additionally, the company said it expects its shares to begin trading on the Euronext Growth Oslo on De…

Vaalco Energy Kicks Off Drilling Program at Offshore Project in Gabon

06:22 AM EST, 12/09/2025 (MT Newswires) -- Vaalco Energy (EGY.L) said Tuesday it started the phase three drilling program at its offshore project in Gabon. The London-listed oil and gas company spudded the ET-15 infill well on the Etame platform using a drilling rig provided by an affiliate of Borr Drilling (BORR.OL). After the drilling, Vaalco expects to move the rig to the SEENT and Ebouri platforms to drill several wells.

Borr Drilling to Acquire Five Premium Jack-Up Rigs for $360 Million

06:03 PM EST, 12/08/2025 (MT Newswires) -- Borr Drilling (BORR) said late Monday it has agreed to acquire five premium jack-up rigs from Noble Corporation (NE) in a deal valued at $360 million, increasing its fleet to 29 from 24 rigs. Two of the rigs will be leased back to Noble under bareboat agreements for 12 months, allowing the seller to complete the ongoing drilling contracts. The rigs are projected to generate total earnings of $29 million before debt service, it added.…

Borr Drilling to Acquire Five Premium Jack-Up Rigs from Noble for USD 360 Million

(AWP Alliance News) - Borr Drilling has reached an agreement to acquire five premium jack-up rigs from Noble Corporation for a total purchase price of USD 360 million. The acquisition comprises three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, increasing Borr Drilling's fleet size from 24 to 29 rigs and further strengthening its position as the owner of the youngest premium jack-up fleet globally. Two of the rigs will be chartered back to Noble C…

Borr Drilling Ltd. unveils investor presentation highlighting fleet expansion and strong financial performance

(AWP Alliance News) - Borr Drilling Ltd., the largest pure-play modern jack-up contractor, has released an investor presentation highlighting its current operational and financial performance. The company operates a fleet of 24 modern premium jack-up rigs, with an average fleet age of 8.1 years and 23 rigs currently active across multiple international markets, including the North Sea, Mexico, USA, Africa, the Middle East, Asia, and South America. For the last twelve months e…

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