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Business - General Business

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..

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Business - General Business

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.

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Business - General Business

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.

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Business - General Business

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.

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Business - General Business

Aker Kvaerner Subsea has been awarded the contract for supply and manufacturing of steel tube umbilicals for Hydro's development Fram Oest and Vilje Subsea Project on the Norwegian Shelf. The contract value is approximately NOK 103 million.

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