Seadrill shares rally on sale of SapKen stake


PETALING JAYA: Seadrill Ltd, which is listed on the New York Stock Exchange (NYSE) and the Oslo Stock Exhange (OSE) in Norway, increased strongly after the sale of its stake in SapuraKencana Petroleum Bhd (SapKen).

Seadrill rallied almost 10% on the NYSE to US$4.45, while it rose by 13.2% to 36.50 Norwegian krone on the OSE, following improved sentiments after the sale of its stake that would help beef up its finances.

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Business , Seadrill , NYSE , OSE , asset sale , oil

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