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Abbot Group, the Aberdeen-based oilfield services company, is to be acquired by private equity firm First Reserve Corp for £906m.
Abbot Group is to acquire Songa Drilling, the Norwegian drilling rig operator, for £247m.
Abbot Group has acquired Prosafe Drilling Services, the Norwegian offshore drilling contractor, for £75m.
Abbot Group, the oil services company, is to invest more than £28m expanding its drilling fleet over the next two years.
Abbot Group has sold its OIS International inspection business to Oceaneering International Services for £17m.
Abbot is to acquire Deutag, the German onshore and offshore drilling services company, for £134m.
Abbot has sold its BW drilling fluids business to the MI joint venture between Smith International and Schlumberger for £12m.
Abbot Group is to invest £40m in its renewable energy joint venture with PowerGen this year, and hopes to win permission to build its first major offshore wind farm at Scroby Sands in Norfolk.
Abbot Group, the oil services company, is acquiring Nabors Europe for £25m in order to expand its development drilling operations.