| Fred. Olsen Energy ASA: Bollsta Dolphin - Claim for Additional Payment and Time | |
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OSLO, Norway--(BUSINESS WIRE)-- Regulatory News: Fred. Olsen Energy ASA (FOE.OL): Bollsta Dolphin Pte. Ltd (Bollsta), a wholly owned subsidiary of Fred. Olsen Energy ASA (FOE), has today received a notice of arbitration from Hyundai Heavy Industries Co. Ltd. (HHI). HHI alleges that it is entitled to an additional payment of about MUSD 167 and additional time to complete and deliver a Semi-Submersible Drilling Unit which is under construction by HHI pursuant to a newbuilding contract that was entered into between HHI and Bollsta in 2012. Reference in this regard is made to our previous announcement to the Oslo Stock Exchange on 25 May 2012. HHI claim’s is considered unfounded. This information was brought to you by Cision http://news.cision.com View source version on businesswire.com: http://www.businesswire.com/news/home/20151022005812/en/
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Fred Olsen Energy ASA
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CODE : FOE.OL |
ISIN : NO0003089005 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fred Olsen Energy ASA is a producing company based in Norway. Fred Olsen Energy ASA is listed in Germany, in Norway and in United States of America. Its market capitalisation is 84.2 millions as of today (US$ 713.6 millions, € 627.7 millions). Its stock quote reached its highest recent level on August 25, 2017 at 9.99, and its lowest recent point on December 07, 2018 at 1.10. Fred Olsen Energy ASA has 66 690 004 shares outstanding. |