MEO Australia Limited advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1. Under the agreement, MEO will issue Asian Energy Limited 40,816,327 shares at an [...]
November 19, 2012 | Posted in
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OSX Brasil S.A., a Brazil-based holding company involved in the oil and gas sector, announces that the Board of the Merchant Marine Fund (FMM – Fundo da Marinha Mercante) has approved the prioritization of additional funding, for a credit line of R$1.5 billion(USD 735.5 million), for the construction of the Açu Shipbuilding Unit (“UCN Açu”), [...]
Compagnie Générale de Géophysique – Veritas (CGGVeritas) announced on 24 September 2012 that it had entered into an agreement with the Dutch group Fugro to acquire the businesses of its Geoscience division (excluding multi-clients library and OBN businesses) (the “Geoscience Division”) for a price of 1.2 billion euros and establish a joint venture specialising in [...]
September 26, 2012 | Posted in
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Canada’s Pacific Rubiales Energy Corp has agreed to purchase 85,714,285 units of CGX Energy Inc. (“CGX”) at a price of C$0.35 per unit for an aggregate investment of C$30 million. At the same time, the Company has entered into a technical services agreement with CGX whereby Pacific Rubiales will provide technical assistance to CGX in [...]
The Board of Salamander on Friday announced a fully underwritten 13 for 20 Rights Issue to raise proceeds of approximately $201 million (£124 million), net of expenses, through the issue of up to 100,654,935 New Ordinary Shares. New Ordinary Shares will be issued at a price of 130 pence each, representing a discount of [...]
The proposed project includes the development of a second spar facility with all subsea production and injection wells. The new facility is estimated to have a design capacity of approximately 130,000 barrels of oil per day that will be exported via the Mardi Gras Pipelines.
April 11, 2012 | Posted in
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Mediterranean Oil & Gas Plc, the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that it has drawn down EUR2.0m under the short term secured loan facility of up to EUR3.5m with affiliated investment funds of Och-Ziff Capital Management Group. As previously notified, the proceeds of the Loan will assist [...]
February 7, 2012 | Posted in
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Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has received £260,000 funding from Maersk Oil North Sea UK Limited (‘Maersk Oil UK’), a leading independent oil and gas company operating in the North Sea, towards the Company’s [...]
January 13, 2012 | Posted in
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Pancontinental Oil & Gas NL ,an oil and gas exploration company with key assets in Australia, Kenya, Malta and Namibia, has resolved to raise up to $15 million through a placement of up to 200 million shares at an issue price of 7.5 cents per share to sophisticated and professional investors. Pancontinental’s corporate advisor, Hartleys [...]
The Norwegian Academy of Science and Letters and the seismic company PGS have entered into a million kroner agreement to support mathematics initiatives in Norway and Africa Petroleum Geo-Services (PGS) and the Norwegian Academy of Science and Letters have signed a cooperation agreement regarding support for measures to increase interest in mathematics in general and [...]
November 28, 2011 | Posted in
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