Seadrill sees need for further consolidation in offshore market

Over the past few months, Seadrill has secured new financing and a number of contracts for the company's drilling rigs. However, there is still a need for additional rationalization and consolidation in the offshore industry.

Fartøjet West Tellus, som Seadrill har vundet en Shell-ordre til. | Photo: PR/Seadrill

After enduring a few tough years, the offshore industry can discern a glimmer of light at the end of the tunnel, but there is still a need for consolidation and restructuring in the sector.

This is the view advanced by rig company Seadrill in a third quarter market update.

Read the whole article

Get 14 days free access.

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 EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Further reading

Related articles

Latest News

See all jobs