Seadrill mired in red ink

Seadrill slumped to a heavy loss in the third quarter as it recorded an impairment on investments in affiliates along with a further revenue drop after seeing lower dayrates and six more rigs sidelined.

Further loss: Seadrill backer John Fredriksen
Further loss: Seadrill backer John Fredriksen
Published 22 November 2016, 08:51Updated 22 November 2016, 14:47
Western Europe