Tag Archives: Tor Olav Troim

As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet. On Monday, Borr Drilling put out a press release confirming the reports. The company says it has signed an LOI with Transocean for the purchase of 15 jackups. Transocean has not released …

Reports out late-last week suggested two significant offshore drilling M&A deals were in the making. One of the deals was confirmed Monday morning. The two deals are spearheaded separately by former partners John Fredriksen and Tor Olov Troim. Fredriksen’s deal is deepwater, Troim’s is a shallow water play. John Fredriksen …