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Fredriksen Could Lend Seadrill $1.2 Billion to Restructure Debt, Sources Say

By Mikael Holter and Luca Casiraghi (Bloomberg) — Seadrill Ltd.’s billionaire chairman and largest shareholder, John Fredriksen, is willing to lend the rig company as much as $1.2 billion as part of a potential deal with banks and bondholders to restructure the biggest debt load in the offshore-drilling industry, two people familiar with the matter said. […] The post Fredriksen Could Lend Seadrill $1.
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Billionaire John Fredriksen Calls End to Salmon Rally as Seadrill Struggles

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Seadrill Deepens Cost Cuts to Ride Out CEO’s Worst Rig Slump

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Seadrill Turns to Loss on $1.8 Billion Writedown

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By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, reported its first quarterly loss since 2011 as a collapse in oil prices reduced demand for its rigs. The net loss of $1.8...

Fredriksen’s Seadrill Says Rig Market Has Bottomed

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