As Paratus closes its jack-up shop, Borr Drilling’s Mexican JV welcoming five rigs

Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services, is offloading its drilling operations and jack-up fleet to Proyectos Globales de Energía y Servicios CME (CME) and BC Ventures, a newly established 50/50 joint venture between subsidiaries of Bermuda-based Borr Drilling and CME as its long-term well construction partner in Mexico. The post As …

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Iran vows to keep Hormuz Strait disrupted, denies talks with U.S.

Iran said Monday that the Strait of Hormuz will not return to pre-war conditions and energy markets will remain unsettled, according to Tasnim news agency citing an Iranian official. The official said no negotiations with the U.S. are currently under way, either directly or through intermediaries, according to reports from both Tasnim and Fars News …

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