ShippingWatch

Fredriksen's Seadrill hit by new rigs

Norwegian Seadrill's revenue grew, but the company's operating profit in the 3rd quarter suffers from the recent launch of new, expensive drilling rigs. 

Photo: Øyvind Hagen/Statoil

John Fredriksen's Seadrill saw its revenues increase from the 2nd quarter of the year, from USD 1.26 billion to USD 1.28 billion in the 3rd quarter, according to the company's latest interim report.

Unlike the revenues, Seadrill's profits are moving in the opposite direction, as the company made USD 471 million, compared to USD 507 million the 2nd quarter 2013.

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

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs