Fred. Olsen Energy ASA Company News

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Fred. Olsen Energy Says Lossmaking Contract Levels Persist
Tuesday, February 16, 2016Global offshore drilling rig rates will remain at lossmaking levels as the market continues to suffer from overcapacity, Norway's Fred. Olsen Energy says after posting a 4Q operating loss.

Fred Olsen Reports Flat Revenues amid 'Challenging' Market
Wednesday, February 11, 2015Fred Olsen Energy reports revenues that are almost flat at $1.19 billion as it suspends dividends due to the 'challenging offshore market'.

Norway's Fred. Olsen 3Q Misses Forecasts, Backlog Shrinks
Tuesday, October 29, 2013Norwegian oil rig firm Fred. Olsen Energy reports third-quarter earnings short of expectations and said its order backlog declined.