Seadrill lands comprehensive restructuring deal

John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5 billion.

Dof secures two contracts in Brazil

Offshore ship operator Dof has secured fresh work for two of its vessels. One contract is with Petrobras and the other with Equinor, according to an update.

Aker companies improve results in second quarter

Aker Solutions announces its second-quarter results on Thursday, showing advancement for the company after being hit hard by the pandemic and oil price slump. Aker BP doubles operating income and predicts a strong future.

IEA warns of much tighter oil market unless OPEC+ boosts supply

With negotiations at a deadlock and oil inventories falling below average levels in 2015-2019, the current output level is falling short of the IEA's second-quarter consumption projections, and the 400,000 barrels-a-day hike under consideration will do little to bridge the gap between supply and demand.

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