MHWirth Bags Drilling Equipment Contract
MHWirth AS, a company owned by Akastor ASA, has entered into a contract with Keppel FELS for delivery of the drilling equipment package for a new semisubmersible drilling rig for harsh environment use, with options for further three packages. The…
Partners Aim to Advance Methane Harvesting Tech
Mitsui Engineering & Shipbuilding Co., Ltd. (MES), one of major heavy industry manufacturers in Japan, has partnered MHWirth, a global provider of drilling solutions and services, to harvest shallow methane hydrates from the seabed of the Japan Sea.
MHWirth to Sell MPD Business to AFGlobal
MHWirth, a subsidiary of the publicly listed Akastor ASA, has reached an agreement with AFGlobal Corporation to divest its Managed Pressure Drilling (MPD) business through the sale of its subsidiary, Managed Pressure Operations (MPO). The transaction…
Akastor Q1 Earnings update
Akastor ASA (Akastor) announced on February 10 2015 that its fully owned portfolio company MHWirth had to undertake a necessary reduction of its global work force of approximately 500 - 750 people due to the very challenging rig market, affecting both MHWirth and its customers.
