Offshore

Seadrill sees operating profit slide in first quarter

The operating profit at John Fredriksen's Seadrill declined 26 percent in the first quarter of 2016 compared to the same period last year. However, the company notes significant progress against the last months of 2015.
BY NIKLAS KRIGSLUND AND DANIEL LOGAN BERG-MUNCH

Drilling company Seadrill booked a reduced operating profit in the first three months of the year.

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