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Refinancing keeps Fredriksen's Archer in the black

Oil company Archer, one of John Fredriksen's strained energy businesses, delivered a significantly stronger result for the second quarter this year, though this was attributable to a refinancing completed in the spring.

Hundreds of jobs at risk at Odfjell Drilling

Odfjell Drilling could be facing hundreds of layoffs after losing Statoil contracts, according to Norwegian media sources. All the while, John Fredriksen's Archer is gearing up for new recruitments.

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