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Baker Hughes, Akastor merging oil drilling ops, eye IPO


By Reuters Staff
3 Min Read
OSLO (Reuters) - Baker Hughes and Norway’s Akastor plan to merge their offshore oil drilling equipment units to combine their complementary technologies, with a view to listing the new company longer term, they said on Tuesday.
FILE PHOTO: The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS
Demand for new drilling equipment has been weak amid the COVID-19 pandemic and last year’s plunge in the price of oil, and the companies said proforma revenue for the new unit declined by 16% in 2020 to $713 million.
Combining the drilling technology of Akastor’s MHWirth, which sits on top of an oil rig, with seabed pressure control units made by Baker Hughes Subsea Drilling Systems (SDS), will cut costs and create a complete product offering, Akastor told Reuters. ....

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- Akastor ASA: Baker Hughes and Akastor...


Akastor ASA: Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions
édité le 05/03/2021
  - Joint venture company (Company) will combine the Baker Hughes Subsea Drilling Systems (SDS) business and MHWirth to better serve customers while simultaneously driving productivity and cost synergies
  - Company will have dual operational headquarters in Houston, TX and Kristiansand, Norway
Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services. ....

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Выпускникам вузов Таджикистана предлагают военный билет за $2500 без прохождения службы — K-News

Выпускникам вузов Таджикистана предлагают военный билет за $2500 без прохождения службы — K-News
knews.kg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knews.kg Daily Mail and Mail on Sunday newspapers.

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Akastor ASA: Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions

Akastor ASA: Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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Akastor : Baker Hughes, Akastor merging offshore oil drilling ops

Baker Hughes and Norway s Akastor plan to merge their offshore oil drilling equipment units to combine their complementary technologies, with a view to listing the new company longer term, they. | March 7, 2021 ....

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