Akastor, NOV close Fjords deal

Offshore staff

OSLO, NorwayAkastor ASA has reported that all closing conditions have been fulfilled in its deal to sell Fjords Processing to National Oilwell Varco.  

Fjords offers process support systems for gas, oil and water, and Akastor said that, under its ownership, the company streamlined operations, expanded its footprint in key regions, and produced record financial results.

First announced in late October, the transaction will realize an accounting gain of approximately NOK 650 million ($748 million) to Akastor. 

Carnegie acted as exclusive financial adviser to Akastor, and BA-HR lawfirm as legal adviser.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...