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Aker BP awards contracts to Aker Solutions and Subsea 7

Oil company Aker BP has awarded Subsea 7 and Aker Solutions main contracts on the Ærfugl field. Subsea 7's contract alone is valued at USD 150-300 million.

Photo: British Petroleum PR

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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