Seadrill loses USD 158 million in the second quarter

John Fredriksen's drilling company Seadrill lost USD 158 million in the second quarter while half of the company's rigs have been laid up. Everything is being done in order to land a rescue plan in less a month, says CEO Anton Dibowitz.

BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH

Norwegian company Seadrill's financial problems have hit hard during the second quarter, where the drilling company delivered a net deficit of USD 158 million to investors against a USD 267 million profit in the second quarter of 2016.

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Seadrill sells rigs for USD 225 million
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Seadrill fights the clock to avoid receivership
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Seadrill buys time with postponement of major debt
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