1997
Initial listing of FOE on the Oslo Stock Exchange.

1998
FOE’s ROV (remotely operated vehicle) activities where sold to Stolt Comex Seaways
for a consideration of NOK 128 million.

1999
The conversion of the two semi-submerible rigs completed at H&W.
FOE sold its windfarm business to A/S Borgå for GBP 11 million.

2000
Drillship Navis Explorer 1 (now renamed Belford Dolphin) delivered from the yard in Korea and subsequntly purchased by FOE.

The FOE fleet of Aker H-3 semis increased through the purchase of Bredford Dolphin.

FOE sold its shares in the US exploration and production company Callon Petroleum Inc. with a gain of NOK 100 million.

H&W delivered two drillships to GlobalSantaFe.

2001
The UK Ministry of Defence awarded a contract to H&W for the building of two ro-ro vessels.

Purchased the Aker H-3 accomodation unit Borgholm Dolphin.

2003
Sold FPSO division to Fred. Olsen Tankers Ltd. for USD 58.5 million.

Sale of Ivy Wood Properties for GBP 47 million.

Sold Dolphin Well Services AS for approximately USD 13.5 million to PSL Energy Services Limited.

Sold the support rig Borgila Dolphin for USD 20 million.

2005
Purchased Ocean Liberator for USD 14 million, now renamed Blackford Dolphin.