Riverstone Holdings said today that it had completed the sale of Three Rivers III, an Austin-based oil and gas company focused on the Permian Basin.
Riverstone Holdings has agreed to sell Three Rivers III, an Austin-based oil and gas company focused on the Permian Basin.
Proserv's boss said today that the north-east energy service firm was in "ongoing proactive discussions" over its "capital structure".
Jobs are under threat at Aberdeenshire-based energy service firm Proserv, it has emerged.
Oilfield services group Proserv measured the effects of the oil price downturn as it revealed a slump in revenues and profits in its most recent financial accounts.
Private equity firm Riverstone Holdings is selling US-based oil and gas exploration company Rock Oil. In an update on the London Stock Exchange (LSE), energy-sector-focused Riverstone said it expects the sale of Rock Oil to SM Energy to generate gross cash proceeds of $237million. Denver-headquartered SM Energy said the purchase price was $980million.
Riverstone Energy said it will sell its stake in Rock Oil Holdings to SM Energy for $237million.