Seadrill snags former subsidiary in billion-dollar deal

Drilling contractor Seadrill has announced agreement to acquire former subsidiary Aquadrill with a price of close to USD 1bn.

Photo: Reuters File Photo/Reuters/Ritzau Scanpix

by IDHA TOFT VALEUR

John Fredriksen-owned drilling contractor Seadrill splurges on acquiring British Aquadrill, a former subsidiary.

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Seadrill snags former subsidiary in billion-dollar deal

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Drilling CEOs predict acquisitions and consolidation in the sector

Fredriksen richest in Norway – capital tax may be reason for wealthy individuals moving away

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Front page now

Multiple arrests as protestors block entrance to Maersk HQ

Maritime & Merchant notes fierce competition in loans for shipping

Liner companies pay soaring sums for charter deals

Maersk Supply Service aims to quadruple profits

Norwegian car carriers bag multi-year contracts

Packed container ships trigger surge in air freight demand

Record influx of container ships this year will not cause trouble until 2025

Shipbroker BRS appoints Gilbert Walter as chairman

Spot prices for container freight continue to rise

IMO's fossil fuel ban in the Arctic faces criticism

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Multiple arrests as protestors block entrance to Maersk HQ

Spot prices for container freight continue to rise

Maersk Supply Service aims to quadruple profits

Liner companies pay soaring sums for charter deals

Cosco and CMA CGM expect further pressure on major European ports

Jobs