Fredriksen Group
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Offshore
Rival drillers surround Seadrill assets as it looks to exit bankruptcy
Offshore drillers Noble Corporation and a Transocean-led consortium are reportedly bidding to snap up assets from their restructuring rival Seadrill.…
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Offshore
Aquadrill awarded drillship contract by Equinor
Aquadrill, formerly Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has secured a one-well contract with Equinor for the…
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Offshore
Seadrill sells jackup rig to PT Duta Marine
John Fredriksen’s offshore drilling firm Seadrill has agreed to sell its 2008-built jackup rig to Indonesia’s PT Duta Marine. The…
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Offshore
Glen Ole Rødland resigns as chairman of Seadrill
Offshore drilling contractor Seadrill said Monday that Glen Ole Rødland will be stepping down as chairman with immediate effect. Rødland…
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Offshore
Seadrill Partners emerges from chapter 11
Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has emerged from chapter 11 after completing its reorganisation plan. The…
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Tankers
Frontline pays $566m for six HHI resale VLCCs
John Fredriksen’s Frontline has acquired six Central Mare VLCC tankers, currently under construction at Hyundai Heavy Industries (HHI). The company…
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Gas
Flex LNG seals three-year time charter
John Fredriksen’s Flex LNG has secured a three-year time charter for 2019-built 173,400 cbm LNG carrier . The charter, with…
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Maritime CEO
Flex LNG: Flexible by nature
Norwegian LNG shipping specialist Flex LNG is eyeing a new round of expansion, taking advantage of the promising outlook of…
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Offshore
Seadrill seals drillship contract with Equinor in Brazil
John Fredriksen’s Seadrill has secured a contract with Equinor for the utilisation of the 2014-built West Saturn drillship on the…
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Gas
Avance Gas adds two VLGCs at DSME
Norwegian VLGC pure-play owner Avance Gas has increased its newbuilding program at South Korea’s DSME from four to six 91,000…
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Gas
Flex LNG charters four LNG carriers to Cheniere
John Fredriksen’s Flex LNG has entered into agreements to charter four LNG carriers to Cheniere Marketing International, with an option…
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Finance and Insurance
Seadrill eyes $4.8bn debt write-off
John Fredriksen’s offshore drilling firm Seadrill has put forward a plan to write-off just over $4.8bn of debt, according to…
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Dry Cargo
Golden Ocean buys 18 bulkers from Fredriksen
John Fredriksen’s listed dry bulk arm Golden Ocean Group has entered into a deal with Fredriksen’s family company Hemen Holding…
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Offshore
Seadrill files for chapter 11
Less than three years after it emerged from a restructuring under chapter 11, John Fredriksen’s offshore drilling company Seadrill has…
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Offshore
Chapter 11 filing for Asia Offshore Drilling
Chapter 11 cases have been filed in the Southern District of Texas for Seadrill’s wholly-owned subsidiaries under the Asia Offshore…
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Offshore
Seadrill’s forbearance agreements with creditors expire
Forbearance agreements inked between creditors and John Fredriksen’s Seadrill expired yesterday, leaving the drilling firm exposed to legal battles if…
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Offshore
Seadrill Partners files for chapter 11
Seadrill Partners, the limited liability company formed by John Fredriksen’s Seadrill Limited has filed for chapter 11 after negotiations with…
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Tankers
Robert Macleod steps down as CEO at Frontline
Robert Hvide Macleod, one of the best known names in the tanker business, is stepping down as CEO at John…
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Offshore
CFO promoted at Seadrill
John Fredriksen-controlled Seadrill has promoted from within for its new CEO. The company’s CFO, Stuart Jackson, replaces Anton Dibowitz from…
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Gas
John Fredriksen increases stake in Avance Gas
John Fredriksen continues to increase his stake in pure-play VLGC shipowner Avance Gas with the acquisition of a substantial number…
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