Seadrill has gained legal ratification of a major refinancing plan after releasing its results from last year that revealed the full extent of the London-based rig giant’s financial woes, writes Steve Marshall.
The New York and Oslo-listed company, backed by billionaire investor John Fredriksen, racked up a $3.1 billion net loss in 2017 on the back of heavy impairments on newbuilds and other investments, according to its annual report.
