Ailing driller Seadrill, controlled by John Fredriksen, presented a rescue plan Tuesday that will see the drilling company receive USD 1.06 billion in fresh capital while also postponing payment of debt totaling USD 5.7 billion for five years.
The plan is supported by 97 percent of the company's three banks, close to 40 percent of bondholders, and a group of investors headed by the majority shareholder, John Fredriksen's Hemen Holding.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Nordex books deficit of EUR 133m in Q2
The German wind turbine maker follows rivals noting another big interim loss, with revenue also having taken a hit. That, though, is exactly as expected, says CEO.
Ørsted CEO on major sale of new shares: "It can come as opportunities arise"
Recent months have seen several countries launch big plans for offshore wind, and there’s enormous potential, says Ørsted’s CEO. The option of a 20% capital raise provides the utility’s chief with a trump card to play should growth opportunities arise.
Analyst projects Nord Stream 1 doubling export volume this winter
The natural gas pipeline has been transmitting at roughly 20% capacity in recent weeks, but a gas markets analyst says exports could be doubled this winter.
EnBW divests half of its solar portfolio
The German power company has sold slightly less than 50% of its interest in 16 solar farms.
Ørsted CEO says confidence not shaken by malfunction boom in Danish offshore wind
Recent years have seen crashing rotor blades, cracked foundations, and burning nacelles on a handful of turbines in the birthplace of offshore wind. Problems notwithstanding, the Danish utility’s CEO is convinced that such issues will not undermine confidence in technology.
Treasury Specialist 
The Climate Council is looking for a student assistant with an interest in the climate area, good understanding of numbers and analytical sense 
Contract manager for facility and green areas 
Heat pump Consultant and Coordinator 
GMP Compliance Consultant to Eltronic in Ballerup 
Senior Project Manager for the offshore wind industry 
Senior Reservoir Engineer 
Green Power Denmark is looking for a financial consultant to work for the green transition and good framework conditions for Denmark's green energy sector 
Senior Transaction Manager, M&A and Project Financing 
HV Specialist for newly created position 
Senior Project Manager 
Technically skilled Project Manager for a new function in eMobility Delivery in Norlys Energi 
Director of the European Joint Undertaking for ITER and the Development of Fusion Energy 
Tender consultant for strategic purchasing 
A lawyer (chief consultant) is wanted for People & Culture 
Finance controller / project manager for Evida's operation and maintenance department