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.
Mixed economic data in the US and fears over Chinese growth rattled investors and weighed on the London market today.
The Aberdeen office of Simmons & Company International said today it has reached $11billion (£6.8billion) in total deal value in its 11th year.
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.
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.
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.