Times are tough for the entire offshore supply chain, and this applies to the John Fredriksen-owned drilling unit Seadrill, which is hit hard on both its business and its share price. The low oil price - which on Tuesday slid below USD 40 per barrel of Brent, and continues to hover at just USD 40.85 - has allegedly made Seadrill's share drop from around USD 5.97 to USD 4.24.
This represents an all-time low for the company's share.
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