Hydro will participate in the investment to increase alumina capacity at the Alunorte refinery in Brazil. The expansion will raise annual capacity by more than 40 percent to approximately 6.5 million tonnes, making the refinery the largest and most modern in the world.
SAS Braathen reports that the airline carried 847,000 passengers in October. This is an increase by 2.9 per cent compared with the same month last year.
A subsidiary of the world's largest offshore drilling contractor, Transocean Inc., has entered into an agreement with the Aker Kvaerner company, Aker Kvaerner MH, for delivery of a prototype of the next-generation 'Derrick Drilling Machine'.
Aker Yards and Color Line have signed a Letter of Intent to build two Passenger Day Ferries during 2007-2008. The contract value is EUR approximately 232 million..
Norske Skog's leadership is still not satisfied with the company's financial results, although the third quarter showed a slight improvement over the same period last year.
Jurong Shipyard in Singapore has awarded Aker Kvaerner MH, a company in the Aker Kvaerner group, the contract fordelivery of advanced deepwater drilling system for one semi-submersible drilling rig to PetroMena AS. The contract value is approximately USD 100 million.
Telenor has entered into an agreement with Vodafone Group for the acquisition of its subsidiary Vodafone Sweden for a consideration equivalent to EUR 1,035 million.
The British vodka producer Smirnoff has made its latest pruduct 'Norsk Vodka'. Norwegian state distillers Arcus object, and will take the case to court.
Aker Kvaerner has signed a contract with PetroChina International Company Ltd., for the basic engineering design and supply of certain equipment for a new full density Polyethylene plant in China.
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