Xcite Energy’s shares suffer 4.5% fall
Sluggish economic data from the world's biggest economy offset gains by buoyant banking stocks today, sending the FTSE 100 Index into the red and continuing a turbulent performance by the top tier.
private-equity firm
First Reserve sells Acteon to rival firm
Oil and gas services business Acteon has been sold by one private equity firm to another in a deal thought to be worth up to £405million.
Azure snaps up business
Aberdeen-based oil and gas services business Screw Conveyor has been sold to a private equity firm in a £5million deal.
Bentley flowing at 2,900 barrels, says Xcite
North Sea heavy oil explorer Xcite today said oil was flowing from its Bentley field at a rate of 2,900 barrels of oil per day.
Oaktree takes control of ISS
A US private-equity firm has taken control of Aberdeen subsea firm Integrated Subsea Services (ISS) in a deal understood to be worth more than £70million, it was announced yesterday.
Iraq deals help Nessco nearly double revenue to £33million
Nessco Group said yesterday it had nearly doubled its turnover, to £33million, after winning two large contracts for work in Iraq.
Aiming to double
International oil and gas logistics company Asco was sold in November to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.
Asco wins contracts worth over £90m
INTERNATIONAL oil and gas logistics company Asco said yesterday it had won three North Sea contracts, together worth more than £90million.
Asco is tipped to double in size after £250m sale
INTERNATIONAL oil and gas logistics company Asco has been sold to private equity firm Doughty Hanson in a deal believed to be worth up to £250million.
Asco looking for new investment
INTERNATIONAL oil and gas logistics group Asco is looking for new investment so it can double the size of the business in five years.
Oil and gas investment fund secures £50m
Oil and gas service investment fund Epi-V has secured £50million of capital from mid-market private equity firm LDC, taking the total amount raised by the team to £110million.
Buyout group in £87 takeover of Oil service company
Oil service company Velosi is being bought by private-equity firm Carlyle Group for about £87million.
ITS gets £34.5m boost from US firm
ITS Group of Aberdeen yesterday announced a £34.5million investment in the company from a US private equity firm to help expansion at home and abroad.
Centrica bids to woo shareholders
British and Scottish Gas parent Centrica will this week attempt to win over more major shareholders of Venture Production to its hostile £1.3billion cash takeover bid for the oil and gas operator which has its HQ in Aberdeen.
ASCO welcomes ship agent Seletar on board following deal
Seletar Shipping (Scotland), the Aberdeen-based ship agent, is under new ownership today after being snapped up by a subsidiary of international oil and gas logistics specialist ASCO Group.
Drilling services firm takes another step towards expanding role on global stage
THE Reservoir Group has moved a step closer to achieving its goal of becoming a global leader in downhole drilling products and services to the oil and gas industry.