Akastor's revenue down almost 50 pct
Oil service group Akastor's revenue continues to slide in the weak offshore market, and drilling unit MHWirth once again took the biggest hit. A series of divestments will strengthen the bottom line, notes the company.
by DANIEL LOGAN
Akastor, controlled by Norwegian investor Kjell Inge Røkke and with the Norwegian state as a major shareholder, took a new beating in the extremely dire oil and gas markets in which the oil service group operates a series of companies.
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