You are here

Rig operator Seadrill eyes assets amid downturn

Oslo

BILLIONAIRE John Fredriksen has sailed through troubled waters before. This time, he plans to make the most of a brutal downturn in offshore drilling amid a slump in oil prices and a glut of new rigs.

Seadrill Ltd said last month that the rig company 24 per cent owned by Mr...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes