Transocean to sell 38 rigs to new firm
Transocean, the world's largest offshore driller, will sell 38 shallow-water drilling rigs to a Dubai-based firm for £656million to concentrate on high-specification floaters and jack-ups.
private-equity firms
US factory woes knock 36 points off the Footsie
Mixed economic data in the US and fears over Chinese growth rattled investors and weighed on the London market today.
Finance advice firm reaches £6.8bn in total value of deals
The Aberdeen office of Simmons & Company International said today it has reached $11billion (£6.8billion) in total deal value in its 11th year.
Aberdeen firm’s owners cash in by £10m from takeover
The owners of Aberdeen firm Containental Offshore have benefited to the tune of more than £10million after the acquisition of the business by investors led by London-based private equity firms Lansdowne Capital and Claver Capital.
Expro suitor raises stakes again with £1.8bn offer
Funds managed by private-equity firms Candover Investments, Alpinvest and Goldman Sachs have again raised their offer for oilfield technology specialist Expro International through buyout company Umbrellastream.
UK P/E player backing Norwegian well tool firm
PRIVATE equity fund Epi-V is investing £4.5million in what it claims is the only "independent" supplier of advanced well intervention tools to the global oil industry in return for a "significant" slice of the firm.