The Abu Dhabi National Oil Company (ADNOC) has raised $2.2bn through the issue of 4.6% Series B bonds due 2047 in a public offering.

The issue was subscribed to by fund managers (80%), banks (6%), as well as agencies, pensions, insurance and others (14%).

BNP Paribas SA, Citigroup Inc, Mizuho Securities Co Ltd, Societe-Generale, and Standard Chartered Bank plc were the underwriters for the offering.

Proceeds from the issue are intended to be used by ADNOC to fund its future growth and investment plans.

Dyas UK Limited has agreed to buy a 26% stake each in three production licences located in central North Sea, UK, from Siccar Point Energy E&P Ltd.

The licenses cover the Jackdaw discovery and include P098 containing Block 30/2a, P111 containing Block 30/3a, and P672 containing Block 30.2d.

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The transaction will allow Dyas UK to boost its oil and gas assets portfolio.

Horizon Oil International Limited has agreed $17.6m for the acquisition of an additional 16% interest in PMP38160 permit, located off the Taranaki coast, New Zealand, from Todd Maari Limited.

“The transaction will allow Dyas UK to boost its oil and gas assets portfolio.”

The purchase consideration will be partly funded by Horizon Oil through its cash reserves and its reserves-based debt facility.

The PMP 38160 permit includes the Maari and Manaia oilfields with a gross production of approximately 8,840bpd.

Upon completion of the transaction, the licence will be owned by OMV New Zealand (69%, operator), Horizon Oil (26%), and Cue Taranaki (5%).

The transaction will allow Horizon Oil to expand its assets portfolio in New Zealand.

KNOT Offshore Partners LP intends to raise approximately $65.7m through the issue of three million common units in a public offering.

Merrill Lynch, Pierce, Fenner & Smith Inc is the book-running manager, while Vinson & Elkins LLP is the legal advisor to KNOT Offshore for the offering.

Proceeds from the offering are intended to be used by KNOT Offshore for general corporate purposes.