John Fredriksen’s Seadrill has seen a rig contract ripped up by Pemex just six months after agreeing an extension at a reduced rate.
Seadrill stressed it was reviewing its legal options after the Mexican oil company terminated a contract for the West Pegasus.
Harald Hornes Oye, an analyst at SEB, told TradeWinds the Pemex move was yet another data-point showing how hard oil companies are pushing to reduce costs.
“It
