Fred Olsen Energy ASA Company News

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Fred. Olsen Energy Edges Closer to Financial Restructuring
Tuesday, August 07, 2018Fred. Olsen Energy is considering a debt and equity restructuring that would almost wipe out the value of its current shares, the company said.

FOE Stands Firm on Cancellation of Newbuild Semisub Contract with HHI
Thursday, February 04, 2016Fred Olsen Energy stands firm on the cancellation of a construction contract with Hyundai Heavy Industries for a newbuild semisub.

Rig 'Graveyard' Looms as Statoil Cuts North Sea Drillers Loose
Tuesday, November 03, 2015The pressure is building on North Sea drillers starved of contracts as Statoil deepens cuts in investment to cope with a collapse in crude prices.

Fred Olsen Energy's Unit Terminates Contract with HHI for Newbuild Semisub
Wednesday, October 28, 2015Fred Olsen Energy’s subsidiary Bollsta Dolphin terminates a construction contract for a newbuild semisub with Hyundai Heavy Industries.