ShippingWatch

Drilling company prepared to buy several rigs from Fredriksen's Seadrill

Dolphin Drilling is ready to buy up to eight drilling rigs from John Fredriksen's Seadrill, reports Finansavisen. The crisis-stricken rig company recently filed for Chapter 11 in the US.

Photo: PR/Seadrill

Rig operator Dolphin Drilling has announced its intention to buy several rigs from John Fredriksen's Seadrill, which recently filed for receivership in the US under the so-called Chapter 11.

Dolphin Drilling plans to buy up to eight rigs from Seadrill, reports Finansavisen Monday based on a summary from the first court hearing in Houston, Texas.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

Further reading

Related articles

Latest news

See all jobs