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.
Photo: Akastor MHWirth
Photo: Akastor MHWirth

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading