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Court orders Seadrill to pay $55M to SFL for contract breach over rig redelivery

Market News
13 Oct 2026
GlobeNewsWire
View Source
Bullish
Court orders Seadrill to pay $55M to SFL for contract breach over rig redelivery

Borgarting Court of Appeal ruled that Seadrill breached its contract when returning the drilling rig Hercules to SFL in December 2022. The court ordered Seadrill to pay approximately NOK 525 million (about $55 million) to SFL's subsidiary, including compensation, interest, and legal costs. This judgment upholds a previous ruling and increases the amount due because of accrued interest. Either party may appeal to Norway's Supreme Court within a month, but such appeals are rare and require special permission.

The Seadrill legal case ruling is presented here with Industrials sector market data from Pluang as context. Of 113 Industrials stocks priced on Pluang, 54 rose and 59 fell today. CNH Industrial N.V. shares traded at USD 12.04 with a 3.35% increase, while EHang Holdings Ltd shares fell 3.27% to USD 3.84, as of Oct 14, 2026 03:12 WIB.

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