Akastor in $370M well intervention services LOI with Equinor

Akastor's subsidiary AKOFS Offshore has signed a letter of intent with Equinor (formerly known as Statoil), for the ...

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MHWirth firms up drilling equipment order with Keppel

MHWirth has firmed up a $100 million worth drilling equipment order with Keppel FELS for a new semi-submersible rig ...

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Awilco to order drilling equipment at MHWirth

MHWirth, a company owned by Akastor, has been selected by Awilco Drilling for delivery of the drilling equipment ...

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Akastor CEO to take up investment role in Aker

Kristian Røkke, CEO of Akastor, has decided to take up the position of chief investment officer in Aker ASA, ...

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Mitsui to invest in another JV with Akastor

Norwegian oil service investment company Akastor is in advanced discussions with Japanese trading and investment ...

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Akastor sells KOP for $114 million

Akastor, a Norway-based oil service investment company, is set to sell KOP Surface Products to The Weir Group for ...

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NOV absorbs Fjords Processing

Akastor ASA, an oil service investment company, has completed the sale of Fjords Processing to National Oilwell ...

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Akastor, NES create new o&g workforce company

Akastor, an oil service investment company, has entered into a definitive agreement with the owners of NES Global ...

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Akastor, Mitsui complete JV agreement

A joint venture between the oil service investment company Akastor and Japanese investment company Mitsui has been ...

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Akastor unloads Fjords Processing

Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell Fjords Processing ...

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Akastor sells Frontica in $129M deal

Oil service investment company Akastor has entered into a definitive agreement to sell Frontica Business Solutions, ...

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DOF sells SESV Skandi Santos

DOF Subsea Rederi has agreed to sell the 2009-built subsea equipment support vessel (SESV), Skandi Santos.  The oil ...

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Akastor, Mitsui enter joint venture

Oil services investment firm Akastor has signed a heads of agreement with Japanese Mitsui to create a joint venture ...

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Akastor slashing more jobs to keep costs at bay

Akastor, a Norway-based oil-services investment company, will cut 585 jobs by the end of 2015.   Akastor, formerly ...

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New addition to Akastor’s management team

Akastor ASA, an oilfield services investment company, has informed that Paal E. Johnsen will take the position as ...

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‘Skandi Santos’ gets $387M contract ...

AKOFS Offshore, a part of Akastor ASA, has secured a five-year contract extension from Petrobras to use the Skandi ...

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