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Directors returned to Golar board

Seven directors of Bermudian-based Golar LNG Limited were re-elected at the company’s annual general meeting today. Resolutions were passed to re-elect Tor Olav Trøim, Daniel Rabun, Thorleif Egeli, Ca.

Borr deepens loss, prepares for upside

Borr Drilling Limited, the oilfield services company based in Bermuda, has reported a net loss of $165.3 million in the second quarter. That is an increase in loss of $114 million compared to the firs.

Drilling company gets new contract

Borr Drilling Limited, the Bermudian-based oilfield services company, has received a binding letter of intent for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Afr.

Valaris hires Chris Weber as CFO

Chris Weber has commenced his role as senior vice president and chief financial officer at Valaris Limited, the Bermudian-based offshore drilling services company. Mr Weber, who was appointed in May, .

Deadlock gives Iraq record run without government, hampering reforms

By John Davison BAGHDAD (Reuters) - Iraq marked its longest post-election deadlock on Wednesday as infighting among Shi ite and Kurdish groups in particular prevents the formation of a government, hampering reforms needed as the country struggles to recover from decades of conflict. More than nine months since an October election, lawmakers tasked with choosing a president and prime minister looked no closer to an agreement, bringing the country to a record 290 days without a head of state or cabinet. The last longest deadlock was in 2010, when after 289 days Prime Minister Nouri al-Maliki got a second term. The outgoing government of Prime Minister Mustafa al-Kadhimi continues to run the country. If parties cannot agree on a new government, Kadhimi might stay on as caretaker until new elections can be held. The paralysis has left Iraq without a budget for 2022, holding up spending on much-needed infrastructure projects and economic reform. Iraqis say the situation is exacerbating a la

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