Tufton Oceanic Assets Ltd has agreed to acquire a 75% interest in a liquefied petroleum gas (LPG) carrier and 100% interest in a handysize bulk carrier for $31.75m.
Tufton Oceanic will pay $21.75m for the LPG carrier and $10m for the Handysize bulk carrier.
Based in the UK, Tufton is an owner of second-hand commercial sea-going vessels.
The transaction is expected to strengthen Tufton Oceanic’s fleet of vessels.
Lewek Lynx is a Malaysian anchor handling tug supply vessel built in 2011, while Swissco Summit is a Panama-flagged offshore support vessel built in the same year.
Kim Heng Offshore & Marine Holdings Limited is an offshore and marine value chain services provider, while EMAS Offshore provides integrated solutions to the oil and gas industry. Swissco Offshore is an international marine company.
All the companies involved in the transaction are based in Singapore.
The transaction is expected to strengthen Kim Heng’s fleet of vessels.
Chariot Oil & Gas Ltd plans to purchase between 10% and 20% interest in the C-19 Block from Shell Exploration and Production Mauritania (C-19) BV.
The C-19 Block is in offshore Mauritania in water depths between 20m and 2,000m.
Chariot Oil is executing the transaction through its subsidiary Chariot Oil & Gas Investments (Mauritania) Ltd.
Based in the UK, Chariot Oil is an oil and gas exploration company, while Shell Exploration and Production Mauritania is a wholly owned subsidiary of Shell.
The transaction is expected to expand Chariot Oil’s oil and gas assets portfolio in Mauritania.
Cabot Energy Plc plans to farm-out interests in the southern Adriatic and Sicily Channel prospects located offshore Italy.
The southern Adriatic prospect comprises the FR 39 NP and FR 40 NP permits, while the Sicily Channel prospect contains the CR 146 NP and CR 149 NP permits.
Based in the UK, Cabot Energy is an oil and gas exploration and production company.
IPB Petroleum Ltd plans to raise A$800,000 ($590,000) by issuing 40 million shares priced A$0.02 ($0.015) a share in a private placement.
Institutional, professional and sophisticated investors will subscribe to the placement.
Funds raised from the placement will be used by the company to finance seismic activities for the WA-485-P and WA-471-P permits, as well as funding fund farm-out activities and for other general working capital needs.