ShippingWatch

Seadrill impairs for USD 1.8 billion

The third quarter interim report shows a massive deficit for John Fredriksen's drilling giant Seadrill. Large-scale impairments completely overshadow the company's revenue.

Photo: Seadrill

Offshore drilling rig company Seadrill suffered a deficit of USD 1.9 billion and had a revenue of USD 985 million for the third quarter. The result is primarily caused by impairments totaling USD 1.8 billion, according to the company's third quarter interim report.

CEO Per Wulff says of the result:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Further reading

Related articles

Latest news

See all jobs