Transocean Ltd. plans to raise as much as $350 million in the initial public offering of a company owning three of its drillships as the world’s largest offshore rig contractor seeks to strengthen its balance sheet.
North Atlantic Drilling Ltd., the rig-owner controlled by billionaire John Fredriksen, signed a cooperation deal with OAO Rosneft that will make Russia’s biggest oil company one of its largest shareholders.
Malaysian companies converting London’s Battersea Power Station into a luxury apartment complex with sale prices as high as $50 million are part of a record syndicated-loan rush by borrowers from the Asian nation.
Seadrill Ltd, the world’s biggest drilling company, fell the most in 2 1/2 years after postponing plans to boost its dividend and warning that the rig market will grow slower than expected as oil companies scale back spending.
Seadrill Ltd., controlled by Norwegian billionaire John Fredriksen, executed four drilling contracts with Mexico’s state-owned oil company Petroleos Mexicanos as the country opens to foreign investment for the first time in 76 years.