Seadrill (OSE: SDRL), a Norwegian-Bermuda offshore drilling company, is going to sell its yet-to-be-built drillship to Ship Finance.
The deal is worth of $850 million and presupposes that Seadrill can lease it back for 15 years.
The company agreed to conduct the deal in order to restructure debt, taken on to build new rigs during a boom in the oil services industry.
The deal provides Seadrill with the opportunity to repurchase the ultra-deepwater West Polaris drillship, which is under construction in South Korea during the charter and the ship will continue to be listed as its asset.
The company has operations in Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand and the United Kingdom. The company operates Semi-submersibles, Jack ups, Tender rigs, Semi Tenders and Drillships. The company is domiciled in Bermuda and is listed on Oslo Stock Exchange. Operational headquarter is situated in Stavanger, Norway. Other major company locations are found in Singapore, Houston and Aberdeen. John Fredriksen has a major ownership in the company.
So Donald Trump referred to "shithole" countries in a meeting on immigration. Or did he? In denying the allegations, claiming that was "not the language used", while others state that was the language used, either he, or they, are lying. The bottom line is, what to make out of the "shithole incident"?