Ex-Ensco CEO Joins Borr Drilling as Director
Offshore drilling rig firm Borr Drilling has appointed Daniel Rabun, former CEO of Ensco, as a company director to fill existing vacancy with effect April 25, 2023.Rabun served as Chairman of the Board, President and Chief Executive Officer of Ensco plc, an offshore drilling services company from 2007until his retirement in May 2015.Before joining Ensco, Rabun was a partner with the international law firm of Baker & McKenzie LLP, where he provided legal advice to oil and gas companies.Rabun has served on the Board of Directors and as a member of the Audit Committee and Governance and Nomination
Borr Drilling Cuts Jobs in Texas
Offshore rig operator Borr Drilling cut 66 jobs in Texas at the end of March, according to a state regulatory notice, as the company prepared to close on its purchase of Paragon Offshore.The filing with the Texas Workforce Commission did not provide a reason for the layoffs.A Borr representative was not immediately available for comment.Borr, based in Oslo, Norway, offered to buy rival Paragon Offshore for $232.5 million in February and Paragon shareholders approved the deal on March 27. Borr's chief executive officer left the company last month, citing the acquisition of Paragon.Reporting by Liz