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Wednesday, April 7, 2010 as of 11:14 AM ET

Hyundai

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Hyundai

Hyundai (; ) was a multinational conglomerate company headquartered in Seoul and one of the largest South Korean chaebol.

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Fred. Olsen Energy Orders New Rig From Hyundai

Norwegian rig firm Fred.

Olsen Energy ASA (FOE.OS) Friday said one of its wholly owned subsidiaries has ordered a harsh environment ultra deepwater semi-submersible drilling rig from South Korean shipbuilding company Hyundai Heavy Industries Co. (009540.SE).MAIN FACTS:-The total turnkey project cost for the rig, which is scheduled for delivery in March 2015, is estimated at $700 million, including spare parts, owner-furnished equipment and yard project team.-The new drilling rig will be designed for water depths up to 10,000 feet.-The unit will be fully compliant with Norwegian Continental Shelf requirements, and is designed for year-round operations in the Norwegian Barents Sea.-Another of the company's subsidiaries has been granted an option from Hyundai for the purchase of a similar second drilling rig exercisable by October 2012, Fred. Olsen said.-A turnkey project is constructed by a developer and sold or turned over to a buyer in a ready-to-use condition.Copyright © 2012 Dow Jone...

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  11. Hyundai Motor India To Raise Diesel Engine Imports From South Korea

    Hyundai Motor Co.'s (HYMLY) Indian unit said Monday it will raise diesel engine imports from South Korea by 50% to cut long waiting periods for its Verna sedan and t...

  12. Hyundai Oilbank Submits Preliminary IPO Application To KRX

    South Korean oil refiner Hyundai Oilbank Corp. has submitted a preliminary application to the Korea Exchange for a planned initial public offering later this year, a...

  1. Hyundai Heavy: In Talks With Cummins For Business Tie-Upgrades

    Hyundai Heavy Industries Co. (009540.SE), the world's largest shipbuilder by orders, said Friday it is in talks with Cummins Inc. (CMI) regarding possible cooperatio...

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    A South Korean official said Tuesday that media reports this week that suggested South Korea would stop importing crude oil from Iran in the next couple of months re...

  3. Hyundai Goes Against The Trend, Expanding Output In Europe

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  7. Hyundai Motor: Paint Shop Of Its No. 1 Plant In China Was On Fire

    Hyundai Motor Co. (005380.SE, HYMLY) said late Tuesday the paint shop of its No. 1 plant in China was on fire earlier in the day and the company is looking into the ...

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