The oil crisis has cut Seadrill's value by USD 3.80 billion
The market value of John Fredriksen's crown jewel Seadrill has decreased dramatically in the last three months, by around USD 3.80 billion, which means that the company's value has been cut in half. In an usual move, the company is not paying dividends to shareholders.
BY KATRINE GRØNVALD RAUN
The oil price, and not least the oil companies' adjustment efforts, are creating uncertainty among suppliers - and this uncertainty is very visible at drilling company Seadrill, the key unit in Norwegian-Cypriot shipping magnate John Fredriksen's empire.
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