Fredriksen Steps Down as Seadrill's Board Chairman – gCaptain
By Mikael Holter (Bloomberg) — Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., raising the question of whether he could become less supportive of an offshore-rig company struggling with high debt. Fredriksen was instrumental in pulling Seadrill through a massive restructuring by injecting fresh cash, but the company remains the most leveraged offshore …
Fredriksen Steps Down as Seadrill's Board Chairman – gCaptain
By Mikael Holter (Bloomberg) — Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., raising the question of whether he could become less supportive of an offshore-rig company struggling with high debt. Fredriksen was instrumental in pulling Seadrill through a massive restructuring by injecting fresh cash, but the company remains the most leveraged offshore …