Breaking News:

2:45:21 am CDT AM

Tuesday, 28 May 2013

Business

Norwegian farmers face tougher times

Business - Money and Finance

Wednesday, 29 May 2013 02:45

The Government has been given support by Parliament (Storting) to continue the cooperation with the so-called G10 nations in the further negotiations in the World Trade Organisation (WTO).
This will mean reduced import duty on farm produce..

Strong growth in export of seafood

Business - Oil & Gas/Shipping

Wednesday, 29 May 2013 02:45

There is a strong growth in the export of Norwegian seafood at present. In September the value of the export for the first time passed NOK 3 billion for a single month.

VCP picks Aker Kvaerner to supply wash presses

Business - General Business

Wednesday, 29 May 2013 02:45

Votorantim Celulose e Papel (VCP) has awarded Aker Kvaerner a contract for two wash presses for the Jacare

Aker Kvaerner acquires subsea tie-in contract

Business - General Business

Wednesday, 29 May 2013 02:45

Aker Kvaerner Subsea has been awarded a contract for supply of tie-in and connection system for Hydro's Fram Oest and Vilje Field Development in the North Sea. The total contract value for the two projects are approximately NOK 23 million

Controversy over decision to close Union paper mill

Business - General Business

Wednesday, 29 May 2013 02:45

The corporate assembly, with the chairman's casting vote on Tuesday evening voted to close down the Union Paper mill in Skien. The workers will now take the case to court..

Aker Kvaerner awarded unique subsea contract

Business - General Business

Wednesday, 29 May 2013 02:45

Aker Kvaerner Subsea has been awarded a NOK 220 million contract for two subsea pump stations for use in the Gulf of Mexico. The installation to increase oil recovery will set a new world record by applying this technology in deep water.

Aker Kvaerner to deliver advanced drilling rigs

Business - General Business

Wednesday, 29 May 2013 02:45

Aker Kvaerner has been awarded a turn-key contract for the delivery of two sixth-generation deepwater drilling semi-submersibles with an option for another two rigs. The contract value is approximately NOK 7.6 billion.

Statskraft acquires 24 power stations in Sweden and Finland

Business - General Business

Wednesday, 29 May 2013 02:45

Norway's Statkraft takes over 24 hydroelectric power stations in Sweden and Finland with an average annual production of approx. 1.6 TWh. The transaction price is approx NOK 4 billion.

Major Aker contract in the Mexican Gulf

Business - Shipping, Oil and Gas

Wednesday, 29 May 2013 02:45

Aker Kvaerner has acquired a major contract from the US company Chevron in the Mexican Gulf. The contract is valued at NOK 840 million (USD 120 million).

Norse Energy Corp wins bid in Brazil

Business - Shipping, Oil and Gas

Wednesday, 29 May 2013 02:45

Norse Energy Corp (NEC) has in a joint venture partnership with a local Brazilian company, won the bid for two blocks in the Brazilian government auction of exploratory blocks,
onshore in the Reconcavo Basin.