Sunday, February 8, 2026

Armed With $11 Billion, Thai Oil Giants Hunt for Investments

From Bloomberg The Asian energy companies sitting on the largest hoard of cash outside China are ready to put it to use. Thailand’s PTT Exploration & Production Pcl and its parent company have nearly $11 billion combined in cash and marketable securities, such as bonds and other short-term investments. The explorer is ready to spend from its portion on projects and exploration

Borr Drilling to Buy Transocean’s Jack-Up Fleet for $1.4 Billion

From gCaptain Newly established Borr Drilling has announced plans to scoop up Transocean’s entire fleet of high specification jack-up rigs in a deal worth nearly $1.4 billion. Borr Drilling revealed Monday that it has signed a Letter of Intent with Transocean for the acuisition of 15 jack-ups, comprising ten rigs in Transocean’s fleet and 5 newbuilds under construction at Keppel