Sterling Resources Ltd. has announced the successful placing of the USD 225 million senior secured bond issue (the “Bond”) issued by its UK subsidiary Sterling Resources (UK) Ltd (the “Issuer”). The net proceeds of USD 218.6 million from the Bond will be used (i) to prepay the entire senior secured credit facility with a group [...]
Eni, Italian oil company which hit the headlines yesterday after selling a 20% stake in its Offshore Area 1 in Mozambique to China’s CNPC for a sum of $4,21 billion, has published its 2013-2016 Strategic Plan. In the press release issued yesterday, Eni confirmed its strategy of production growth, raising its average annual target to [...]
Canadian listed international oil and gas company Sterling Resources Ltd. has closed the first tranche of the private placement portion of its previously announced offering of 73,333,334 common shares in the capital of the Company on a bought deal basis (the “Offering”). Pursuant to the First Tranche, 50,000,000 Common Shares were issued at a price [...]
Spain’s Repsol has reached an agreement with Shell for the sale of its LNG assets for $6.7 billion which includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans and debt. Excluding the [...]
Norwegian drilling contractor Sevan Drilling has raised NOK 987.5 million (approx. USD 179 million) in gross proceeds through a private placement of 250,000,000 shares, each with a par value of NOK 1 at a price of NOK 3.95 per share (the “Private Placement”). The Private Placement was oversubscribed at the subscription price and was supported [...]
SeaBird Exploration Plc has announced the successful completion of a Private Placement of 11,000,000 new shares directed towards Norwegian and international institutional investors after the close of the Oslo Stock Exchange on 27 November 2012. The over-subscribed placement was made at a subscription price of NOK 7.50 per share. Total gross proceeds from the Private [...]
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 [...]
![WHL Raises Cash for Seychelles Exploration]()
WHL Energy Ltd, an ASX listed oil and gas company, has resolved to raise up to approximately $7.940 million through the placement of up to 180,450,000 ordinary shares at 4.4 cents per share to Australian and International institutions along with sophisticated and professional investors (“the Placement”). WHL Energy received very strong support for the Placement [...]
April 5, 2012 | Posted in
Africa,
Company News,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Research & Development,
Top Stories |
Read More »
North Atlantic Drilling Ltd, a leading offshore harsh environment drilling company, 77 pct owned by Seadrill, has, via Private Placement, successfully placed 150,000,000 new ordinary shares at US$ 2.00 per share, raising gross proceeds of US$300 million. The private placement was directed towards Norwegian and international investors, and the minimum order in the placement was [...]
OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be chartered [...]
March 14, 2012 | Posted in
Americas,
Company News,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Vessels |
Read More »
