Analyst: remarkable development at Borr Drilling
"It is remarkable what Tor Olav Trøim has achieved in such a short amount of time," writes analyst firm Rystad Energy about the news of Borr Drilling's acquisition of Paragon Offshore. Another analyst describes the acquisition as unexpected.
BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH
Borr Drilling took a big step up in the hierarchy of rig companies with its announcement last week that it will buy the remaining shares in Paragon Offshore.
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