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.

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