BW Offshore Ltd has raised Nkr290.5m ($36.03m) through the private placement of 8.3 million shares priced at Nkr35 ($4.34) a unit.

Based in Norway, BW Offshore is a floating production services provider for the oil and gas industry.

Eidesvik Offshore ASA has raised Nkr120m ($14.9m) through the private placement of 24 million shares priced at Nkr5 ($0.62) a share.

The company has simultaneously raised Nkr30m ($3.7m) through the private placement of six million shares each priced at Nkr5 ($0.62).

Eidesvik Offshore is a supply, subsea, seismic and cable-laying shipping company based in Norway.

UK-based SOCO International plc has revealed plans to merge with  Kuwait Energy plc, an oil and gas company based in the Channel Islands.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The merger will enable Kuwait Energy to be listed publicly.

“The company has simultaneously raised $3.7m through the private placement of six million shares each priced at $0.62.”

Mitsui & Co Ltd (Mitsui), Mitsui OSK Lines Ltd (MOL), Marubeni Corporation and Mitsui Engineering & Shipbuilding Co Ltd (MES) have agreed to acquire 79.9% stake in Dutch FPSO vessel company Sepia MV30 BV (MV30) from Modec Inc.

The ownership interest in Sepia MV30 will be 20.1% for Modec, 32.4% for Mitsui, 20.6% for Mitsui OSK, 17.6% for Marubeni, and 9.3% for MES, upon completion of the acquisition.

Mitsui is a general trading company, while Mitsui OSK Lines and MES are shipping companies and Marubeni is an investment company. Modec is an engineering, construction and operations services provider for the offshore oil and gas industry.

All the companies involved in the acquisition are based in Japan.

The acquisition will support the business operations of Mitsui & Co, MOL, Marubeni and Mitsui Engineering.