Crisis-stricken rig company Seadrill expects to complete its rescue plan, which restructures debt totaling billions of dollars and which caps an almost year-long fight to survive, about a month from now.
Since September last year Seadrill has been fighting to secure continued operations after the downturn in the oil sector pushed the drilling company to the verge of bankruptcy. But the problems now look set to be resolved for Seadrill and founder John Fredriksen.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.