08/08/2013at 15:43

Sevan Drilling struggling against John Fredriksen takeover

The senior executives of Sevan Drilling have no intentions of selling their shares to Norwegian Seadrill, as they feel that the offer from Fredriksen's drilling company is too low.

BY KASPER BRØNDGAARD ANDERSEN, ENERGIWATCH

Norwegian oil billionaire John Fredriksen won't be able to snatch up total ownership of its small competitor Sevan Drilling without a fight.

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