Borr Drilling (BORR) - Among the Energy Stocks that Gained This Week

The share price of Borr Drilling Limited (NYSE:BORR) surged by 19.83% between February 2 and February 9, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Borr Drilling Limited (NYSE:BORR) is an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

Borr Drilling Limited (NYSE:BORR) announced on January 28 that it has completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. The deal, which was first announced in December, expands Borr’s jackup fleet to 29 rigs and further enhances its exposure to near-term offshore drilling opportunities across key global basins.

Bruno Morand, CEO of Borr Drilling Limited (NYSE:BORR), stated:

“We are pleased to have expanded our premium fleet at an opportune point in this market cycle. These five jack-up rigs are highly compatible with our existing portfolio and provide well-suited capacity for near-term opportunities. The Borr Drilling platform—built on operational excellence, customer centricity, and our premium jack-up rig fleet—remains our defining competitive advantage, and we believe this expansion will deepen customer relationships and drive attractive long-term value for shareholders.”

Following recent gains, Borr Drilling Limited’s (NYSE:BORR) share price has surged more than 40% since the beginning of 2025.

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Disclosure: None.