Fredriksen Group
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Europe
Flex LNG appoints new CEO from within
John Fredriksen’s Flex LNG has appointed Øystein Kalleklev as chief executive officer, replacing Jonathan Cook who resigned in May. Kalleklev…
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Europe
Ship Finance International offloads three VLCCs and a jackup
John Fredriksen’s Ship Finance International (SFI) has agreed to sell 2007-built jackup rig Soehanah and three 2002-built VLCCs. The buyer…
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Europe
Seadrill awarded five-well drillship contract
Seadrill Partners has been awarded a five-well contract by Sabah Shell Petroleum utilising drillship off Malaysia. The contract, which includes…
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Europe
Seadrill awarded $273m in Tullow early termination dispute
Seadrill Partners has been successful in a case in the English High Court relating to the early termination of the…
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Europe
Seadrill emerges from Chapter 11
John Fredriksen’s Seadrill has emerged from chapter 11 after completing its reorganisation plan as confirmed by the US Bankruptcy Court…
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Europe
Frontline buys into scrubber manufacturer
John Fredriksen’s Frontline has agreed to acquire a 20% ownership interest in Indonesia-based scrubber manufacturer Feen Marine Scrubbers (FMSI). In…
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Europe
Northern Drilling semi-submersible lands Wintershall contract
John Fredriksen’s offshore investment vehicle Northern Drilling has won a drilling contract from Wintershall Norge for six wells at the…
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Europe
Ship Finance International swoops for four 14,000 teu boxships
John Fredriksen’s Ship Finance International is acquiring four 14,000 teu container vessels attached to long-term time-charters with an Asian container…
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Europe
Fredriksen opts for scrubbers on latest newcastlemax newbuilds
John Fredriksen’s Seatankers has ordered two newcastlemax bulkers at New Times Shipbuilding in China with Allied Shipbroking noting the 208,000…
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Europe
Fredriksen lifts stake in Avance Gas to near 20%
John Fredriksen forked out NOK64.1m ($8.05m) yesterday to acquire 3 million Advance Gas shares via Hemen Holding, lifting his stake…
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Europe
Seadrill’s restructuring gets overwhelming approval
John Fredriksen’s Seadrill has won approval from creditors and shareholders to push ahead with its Chapter 11 restructuring. “The voting…
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Europe
Fredriksen seeks solution for Seadrill newbuilds in Korea
Four ships that Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have nearly finished building for Seadrill could be…
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Europe
Seadrill drillship awarded more work by Repsol
Seadrill Partners has been awarded a one well contract with Repsol for 2008-built drillship West Capella in Aruba. The contract is…
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Europe
Seadrill finally reaches agreement with bondholders and creditors over restructuring
After more than 12 months of negotiations – the most complex in John Fredriksen’s life – the Norwegian tycoon has…
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Europe
Seatankers embroiled in court battle over ex-employee’s bonus pay
Norwegian newspaper Finansavisen is reporting John Fredriksen’s Seatankers Management is engaged in a legal battle over the scale of a…
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Europe
Fredriksen’s Northern Drilling to start trading on Oslo Axess from tomorrow
John Fredriksen’s Northern Drilling has got the nod from local financial authorities to proceed with a listing on the Oslo…
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Europe
Fredriksen faces backlash over Seadrill restructuring plan
John Fredriksen faces a significant creditor backlash over his restructuring plans for Seadrill. Last month Seadrill filed for chapter 11…
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Europe
Scorpio Bulkers back in buying mode, takes six Golden Ocean ultramaxes
Scorpio Bulkers is back in buying mode. After more than two years of scaling back its fleet and waiting on…
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Europe
Seadrill vows to fight on
John Fredriksen’s rig outfit Seadrill has said that the court overseeing the company’s chapter 11 restructuring proceedings has granted the…
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Europe
Shareholders the loser as Seadrill announces restructuring under chapter 11
John Fredriksen’s Seadrill has reached a restructuring agreement with its bank lenders, 40% of its bondholders and a consortium of…
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