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BKR and AKAST Create New Offshore Drilling Co

Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST) have announced an agreement to create a new joint venture company. ....

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Baker Hughes and Akastor ASA to team up to deliver offshore drilling solutions - News for the Oil and Gas Sector

Baker Hughes and Akastor ASA have announced plans to form a joint venture company to provide global offshore drilling solutions. ....

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Baker Hughes and Akastor form new offshore drilling solutions company

2 March 2021 6:53 GMT
Updated
2 March 2021 7:58 GMT
in
Singapore
US services giant Baker Hughes and Norwegian contractor Akastor are forming a new joint venture company to deliver global offshore drilling solutions.
The company’s wider scope of services will include the capability to participate in the oil and gas industry’s transition towards more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency.
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The 50:50 partnership, confirmed on Tuesday, will combine Baker Hughes subsea drilling systems (SDS) business and Akastor’s wholly owned subsidiary MHWirth with the aim of driving productivity and cost synergies. ....

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

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

Baker Hughes and Akastor have announced an agreement to create a joint venture company that will bring together Baker Hughes Subsea Drilling Systems (SDS) business with Akastor s wholly owned subsidiary, 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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