Frontline, Euronav tweak terms in tanker tie-up plans
Frontline has struck a deal with Euronav for a potential merger, in an all share offer that would value each Euronav share at around $12.09.
John Fredriksen
International Seaways sells Qatari FSOs
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
Seadrill announces clean sweep with new board
Seadrill is bringing in an entirely new board of directors, removing its existing slate, and picking a former Noble Corp. executive as chair.
Seadrill proposes $4.8billion debt write-off – report
Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen.
Billionaire Fredriksen quits as chairman of struggling Seadrill
Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., the offshore-rig company he founded more than a decade ago and which is struggling with high debt amid a slow market recovery.
Billionaire Fredriksen’s latest venture admitted to Oslo Stock Exchange
The Oslo Stock Exchange will admit the shares of a new offshore drilling contractor set up by billionaire John Fredriksen.