EnergyWatch

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.

Photo: Richard Drew/AP/POLFOTO/arkiv

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs