Profits drop for Seadrill

Seadrill saw its profits drop sharply in the first quarter as dayrate reductions on several rigs cut revenue, despite high utilisation for the drilling giant’s operating fleet.

Profits hit: for John Fredriksen's Seadrill
Profits hit: for John Fredriksen's Seadrill
Published 26 May 2016, 07:36Updated 25 October 2016, 15:31
Europe