These are some of Seadrill's major bondholders

Bondholders have again become the unknown ownership element that could ultimately block a restructuring – this time at Seadrill. But there are several parties among the unsecured bondholders who support the rescue plan. Now some investors have been named.

Photo: North Atlantic Drilling

Throughout the numerous restructurings in offshore and shipping over recent years, the power of bondholders has been a common factor, which has obstructed several of the processes that otherwise, on paper, looked promising.

Right now, John Fredriksen's Seadrill is going through this situation, namely in that there is general support for the proposed restructuring, but groups of bondholders are trying to gather enough votes to force a better deal through.

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