Search results for: fred-olsen

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  • 3 February 2016
    Exploration & Production

    Fred. Olsen Energy has informed that its dispute with Hyundai Heavy Industries (HHI) regarding a contract for the design and construction of a semi-submersible drilling rig Bollsta Dolphin is subject to arbitral proceedings.  In October 2015, South Korea’s rig builder Hyundai Heavy asked for more time and money from Fred. Olsen Energy to complete building the rig. Days […]

  • 8 January 2015
    Business & Finance

    Fred. Olsen Windcarrier has opened its first German business unit in Hamburg.  Fred. Olsen Windcarrier GmbH, which opened officially on January 1st 2015, will be the centre of business development activity for the company’s interests in the German offshore wind market, focused on identifying and securing new business opportunities. The office will also support the interests […]

  • 2 June 2016

    Fred. Olsen Windcarrier appointed Casper Toft as its new Managing Director this week.  Toft comes from the position of Sales Director for MHI Vestas Offshore. He was working for seven years in business development, sales and marketing at Vestas Offshore. Toft was also involved in the commercial launch of the 8MW platform and was the key account director for […]

  • 19 January 2018
    Business & Finance

    Northern Offshore Services (N-O-S) and Fred. Olsen Windcarrier have signed a co-operation deal on 17 January, agreeing to integrate Fred. Olsen Windcarrier’s fleet of crew transfer vessels (CTVs) into N-O-S’s existing management and organisation. 

  • 22 August 2016
    Exploration & Production

    Offshore driller Fred. Olsen Energy ASA and South Korea’s rig builder Hyundai Heavy Industries Co., Ltd. have resolved their dispute over the canceled order for the ‘Bollsta Dolphin’ semi-submersible drilling rig. To remind, In October 2015, Hyundai Heavy asked for more time and money from Fred. Olsen Energy to complete building the rig. Days later, […]

  • 4 May 2018
    Business & Finance, Operations & Maintenance

    Fred. Olsen Ocean has reported NOK 145 million operating revenue in the first quarter of 2018, a 60.2% slide compared to NOK 364 operating revenue in Q1 2017, attributed mainly to the underutilisation of the jack-up installation vessels Brave Tern and Bold Tern.

  • 6 November 2018
    Authorities & Government, Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    Fred. Olsen wave energy converter – BOLT Lifesaver – has been redeployed for six-month trial period at the US Navy’s Wave Energy Test Site (WETS), off the coast of Hawaii.

  • 2 June 2014
    Business & Finance

    Fred. Olsen Cruise Lines has announced that it has signed a new partnership agreement with Saga Holidays, to promote and sell its cruises. Saga will have allocations on a range of 2014/15 Fred. Olsen cruises across its fleet of four ships – Balmoral, Braemar, Boudicca and Black Watch – focusing on products that do not […]

  • 19 January 2018
    Exploration & Production

    The contract is worth around $8.2 million, meaning the dayrate for the rig is around $136.000.

  • 16 March 2020
    Business & Finance

    Braemar cruise ship with almost 700 passengers on board is still searching for a port where it could dock.

  • 7 June 2011

    The Norwegian company Fred Olsen Windcarrier has ordered OCTOPUS-Onboard and OCTOPUS-Office for two new build Jack up vessels; the Brave Tern and Bold Tern. Fred Olsen Windcarrier meets the increasing demand for offshore wind turbine installation vessels and provides her clients with efficient installation of wind farms offshore. Martin Eilander, Amarcon’s Manager Installation & Support, […]

  • 1 July 2011

    The Norwegian company Fred Olsen Windcarrier has ordered OCTOPUS-Onboard and OCTOPUS-Office for two new build Jack up vessels; the Brave Tern and Bold Tern. Fred Olsen Windcarrier meets the increasing demand for offshore wind turbine installation vessels and provides her clients with efficient installation of wind farms offshore. Martin Eilander, Amarcon’s Manager Installation & Support, […]

  • 7 June 2011
    Business & Finance

      The Norwegian company Fred Olsen Windcarrier has ordered OCTOPUS-Onboard and OCTOPUS-Office for two new build Jack up vessels; the Brave Tern and Bold Tern. Fred Olsen Windcarrier meets the increasing demand for offshore wind turbine installation vessels and provides her clients with efficient installation of wind farms offshore. Martin Eilander, Amarcon’s Manager Installation & […]

  • 16 February 2016
    Exploration & Production

    Fred. Olsen Energy, a Norwegian offshore drilling company, sank to a loss in the fourth quarter of 2015 after a non-cash impairment charge of $158 million, including an impairment of $91 million in connection with the cancellation of the Bollsta Dolphin rig. To remind, Fred. Olsen’s subsidiary Bollsta Dolphin terminated a newbuilding contract with Hyundai Heavy Industries (HHI) for the […]

  • 22 October 2015
    Exploration & Production

    Fred. Olsen Energy has received a notice of arbitration from South Korea’s rig builder Hyundai Heavy Industries Co. Ltd. (HHI). Namely, the Oslo-listed company said Thursday that its subsidiary Bollsta Dolphin Pte. Ltd (Bollsta), had received a notice in which HHI alleges that it is entitled to an additional payment of about $167 million. In its notice HHI […]

  • 27 October 2017
    Business & Finance

    Global Wind Service (GWS), 75.5%-owned by Fred. Olsen Windcarrier, saw a 13% revenue growth in the third quarter of 2017, as its owner reported lower revenues from installation vessels for Q3.

  • 1 December 2016
    Business & Finance

    Fred. Olsen Windcarrier has appointed Even Larsen as the new CEO. Larsen has been with Fred. Olsen Windcarrier since 2013, where he worked on innovation and product development before becoming project manager for the Global Tech I project. In 2014, Larsen became Head of Commercial and Projects. “To be able to continue with Fred. Olsen Windcarrier […]

  • 19 November 2014
    Business & Finance

    The Lake Erie Energy Development Corporation (LEEDCo) announced today that experienced wind turbine installation firm Fred. Olsen Windcarrier AS is joining the development team for Project Icebreaker, an offshore wind demonstration project in Lake Erie. Fred. Olsen Windcarrier, based in Oslo, Norway, provides innovative and tailored services for the transport, installation and maintenance of offshore […]

  • 14 August 2018

    Fred. Olsen Windcarrier has shared a timelapse video of the jack-up vessel Bold Tern installing an MHI Vestas V164-8.0 MW wind turbine on a suction bucket jacket foundation at the Borkum Riffgrund 2 wind farm in the German North Sea.

  • 28 February 2011
    Technology

    A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has on certain subjects entered into a contract for the specialized transport and installation vessel for offshore wind turbines “Brave Tern” Vestas Offshore Germany Gmbh . The firm contract period is six months with 3 x […]

  • 23 April 2014
    Business & Finance

    Fred. Olsen Windcarrier, together with related company Global Wind Service, has moved its Danish operation to new office in Fredericia, Denmark. The new facility provides more space as the companies continue to grow. It has an excellent access to the main road connections to mainland Europe and across the Danish archipelago and is less than […]

  • 15 July 2015
    Business & Finance

    Bonheur ASA, a specialist in shipping, offshore drilling, renewable energy and cruise, has reported a net loss of NOK 2,390 million for the second quarter of 2015, compared to profit of NOK 130 million a year before. According to their report, EBITDA for this period more than doubled mainly due to higher EBITDA within Offshore […]