Why These Energy Stocks are Gaining This Week

7. Borr Drilling Limited (NYSE:BORR)

Share Price Gains Between June 26 – July 3: 15.3%

Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry.

Borr Drilling Limited (NYSE:BORR) shot up this week after it was announced that the company has secured a batch of deals for four of its jack-up rigs in the Middle East, Southeast Asia, and Mexico. The new contracts have a combined duration of approximately 1,300 days and an estimated contract revenue of over $129 million.

Borr Drilling Limited (NYSE:BORR) has now secured 13 new commitments so far in 2025, equating to 3,010 potential contract days and $366 million in potential contract revenues, including firm periods and priced options.