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Total operating revenues were $74 million, $1 million higher than in the first quarter of 2022

Chief executive officer Øystein M Kalleklev said the company’s 2023 first quarter results are the best since 2015

High-profile speakers will discuss the latest developments in insolvency and restructuring

The results were announced at a ceremony at Hotel Principe di Savoia in Milan where winners across 26 categories were selected

The decision comes after the $600 million Credit Suisse loss in the Bermuda Supreme Court in a related case last year

Mr Ballew will report to Joan Hilson, chief financial, strategy and services officer

Cool Company Ltd Q1 2023 net income has more than doubled over the previous quarter after a rise in total operating revenues

Total operating revenues in the quarter were $266 million, a 17 per cent increase over the prior quarter

The company said its ownership will provide additional growth capital, resources and global reach

Operating revenues rose, and the company sees positive prospects for continuing work for its rigs