Seadrill hit with $55m bill in long-running rig dispute

Offshore rig owner Seadrill has been ordered to pay around NOK525m ($55m) to an SFL Corporation subsidiary after losing an appeal in a long-running dispute over the condition of the semisubmersible drilling rig Hercules when it was returned to its owner. Norway's Borgarting Court of Appeal unanimously found that Seadrill breached its contract when it redelivered…