Monday, August 22, 2016
Maritime News

Fred Olsen Settles Rig Dispute with Hyundai Heavy Industries

Fred Olsen Energy says it has reached an agreement with South Korean shipbuilder Hyundai Heavy Industries to settle a dispute over the newbuilding contract for the semi-submersible drilling rig Bollsta...

August 22, 2016
Total Views: 32

Wednesday, February 24, 2016
Blog

WATCH: Brave Tern Full Height Test

The offshore wind turbine installation vessel Brave Tern conducts a “full-height jacket test” at the port of Rotterdam. During the test the jack-up reached a height of 70 meters using...

February 24, 2016
Total Views: 13

Tuesday, February 16, 2016
Byford Dolphin gcaptain.com
Maritime News

Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels

OSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity, Norway’s Fred. Olsen Energy predicted on Tuesday...

February 16, 2016
Total Views: 6

Tuesday, October 27, 2015
News

Fred Olsen Energy Cancels Rig at Hyundai Heavy Amid Dispute

A unit of Fred Olsen Energy has decided to cancel its contract with Hyundai Heavy Industries for a newbuild semi-submersible drilling rig amid a dispute over added costs and its delayed delivery. The...

October 27, 2015
Total Views: 6

Thursday, October 22, 2015
News

Hyundai Heavy Claims Fred Olsen Energy Owes $167 Million Over Unfinished Rig

Fred Olsen Energy revealed Thursday that Hyundai Heavy Industries, the world’s biggest shipbuilder, has filed a claim against a subsidiary of Fred Olsen over $167 million HHI claims is owed...

October 22, 2015
Total Views: 0

Thursday, July 11, 2013
blackford dolphin fred olsen
News

Fred Olsen Energy Beats Performance Expectations, Shares Hit 5-Year High

July 11 (Bloomberg) — Fred Olsen Energy ASA, an offshore drilling company, climbed to a five-year high in Oslo as a better-than-estimated performance during the first six months boosted projections...

July 11, 2013
Total Views: 1

Wednesday, July 10, 2013
fred olsen belford drillship
News

Fred Olsen Climbs on Outlook for Dividends, New Rigs

July 10 (Bloomberg) — Fred Olsen Energy ASA rose to a six- week high in Oslo ahead of the offshore drilling company’s quarterly results tomorrow, which analysts say may provide...

July 10, 2013
Total Views: 5

Monday, June 10, 2013
FPSO Knock Allan Fred Olsen Production
News

Malaysian Firm To Buy Fred. Olsen Production in $170 Million Deal

OSLO, June 10 (Reuters) – Malaysian offshore oil services firm Yinson Holdings Bhd is bidding $170 million for Norwegian shipping firm Fred. Olsen Production and has secured a majority of...

June 10, 2013
Total Views: 23

Tuesday, February 19, 2013
lamprell bold tern brave
News

Lamprell Delivers the Bold Tern, a Self-Elevating Wind Turbine Installation Vessel

UAE rig-builder Lamprell announced today the successful of construction of the wind turbine installation vessel, Windcarrier 2 “Bold Tern.” Having resolved all outstanding commercial issues, Lamprell has made delivery of...

February 19, 2013
Total Views: 71

Wednesday, February 6, 2013
fred olsen belford drillship
Finance

Fred Olsen Shares Fall as Rising Costs Cut Profit Outlook

(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in the fourth-quarter – curbed the company’s earnings...

February 6, 2013
Total Views: 0

Wednesday, November 21, 2012
Moss Maritime CS 60 E
News

Fred Olsen Energy Declines Option for Additional Semi from Hyundai Heavy

Norwegian oil and gas exploration and production service provider Fred. Olsen Energy ASA (FOE.SE) said Wednesday it has decided not to exercise the option for a second newbuild semi-submersible from Hyundai...

November 21, 2012
Total Views: 1

Wednesday, September 5, 2012
Offshore

Fred Olsen Energy Falls as Major Shareholders Sell Stakes

(Bloomberg) — Fred. Olsen Energy ASA, a Norwegian offshore drilling company, fell the most in three months in Oslo trading after major shareholders Ganger Rolf ASA and Bonheur ASA sold...

September 5, 2012
Total Views: 2

Monday, July 2, 2012
FPSO Petróleo Nautipa
News

FPSO Petróleo Nautipa Receives Contract Extension Offshore Gabon

BW Offshore and Fred Olsen Production have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo Nautipa offshore Gabon....

July 2, 2012
Total Views: 3

Friday, May 25, 2012
News

Hyundai Heavy Wins $700 Million Order for Supersized Harsh Environment Semi

Fred Olsen Energy ASA announced today that one of their wholly owned subsidiaries has entered into a turnkey, $700 million contract with Hyundai Heavy Industries Co., Ltd. for the building...

May 25, 2012
Total Views: 6

Monday, December 19, 2011
Offshore

Fred Olsen Passes on Drillship Option

Fred Olsen said today that its drilling subsidiary, Dolphin Drilling, will NOT be exercising its option with Hyundai Heavy Industries for a second newbuild drillship. The option was included on...

December 19, 2011
Total Views: 0

Monday, November 21, 2011
Offshore

Fred Olsen Wins Contract for Belford Dolphin and Newbuild Drillship

Fred Olsen Energy’s drilling unit, Dolphin Drilling, says it has entered into contracts with Anadarko Petroleum Corporation (APC) for the provision of the drillship Belford Dolphin and the comany’s newbuild...

November 21, 2011
Total Views: 9

Tuesday, April 19, 2011
Engineering News

Hyundai Heavy clinches drillship and containership orders

Hyundai Heavy Industries announced Monday it has won an order to build an ultra-deepwater drillship for Fred Olsen Energy. The contract also includes an option the Norwegian company can exercise...

April 19, 2011
Total Views: 2