KS Energy, Empresas ICA to set up JV

MAINBOARD-listed oilfield supply and services provider KS Energy is tying up with Mexican conglomerate Empresas ICA to set up a joint venture, which will provide drilling services and heavy capital equipment for Mexico's offshore oil and gas exploration market.

The two firms signed a memorandum of agreement to establish the venture, KS Energy said yesterday. The joint venture entity will be jointly owned by ICA and KS Drilling, an 80 …