Offshore

Akastor dips into the red in the first half of 2016

Oil service group Akastor, headed by Norwegian oil magnate Kjel Inge Røkke, continues to be weighed down by the difficult market conditions. The first half year was particularly hard for drilling business MHWirth, according to the group's 2nd quarter interim report.
Photo: PR-foto/Aker
Photo: PR-foto/Aker
BY DANIEL LOGAN BERG-MUNCH

Norwegian oil group Akastor, whose largest shareholder is the Norwegian government and which is controlled by oil magnate Kjell Inge Røkke (photo), covers a broad range of offshore subcontractors exposed to the sector's slowdown after the decline in oil prices.

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