Seadrill lost close to USD 200 million in fourth quarter

John Fredriksen's drilling company Seadrill finished 2019 with a new deficit, pushing its combined loss for the year to USD 1.2 billion. CEO expects improvements in 2020, even though "the pace of the recovery has slowed" at the start of the year.

by SØREN PICO

Drilling company Seadrill exits 2019 with a new major deficit, after a fourth quarter that also brought a loss.

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Seadrill lost close to USD 200 million in fourth quarter

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Three companies better positioned if drilling market dives again

Seadrill's share surges after new contracts

Hedge fund Odey loads up on Seadrill as Fredriksen partners bail

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs