Energy Transfer Partners plans to raise $1bn by offering senior notes in a public offering.
Due 2048, the notes carry a rate of 6%.
The company simultaneously plans to raise $500m, $1bn and $500m through a public offering of 4.2%, 4.95% and 5.8% senior notes due 2023, 2028 and 2038 respectively.
Based in the US, Energy Transfer Partners owns and operates a number of midstream energy assets.
The funds raised from the offerings will be used by the company to finance its 2.5% senior notes due June 2018, 6.7% senior notes due July 2018 and 7% senior notes due June 2018. The funds will also be used to repay its debts under a credit facility and for general partnership purposes.
Canada-based Frontera Energy Corporation plans to raise $500m by issuing unsecured notes due 2023 in a private placement.
The proceeds from the placement will be used by the company to fund the repurchase of 10% senior secured notes worth $250m due 2021 and for general corporate purposes.
Liquefied Natural Gas Ltd. (LNGL) has agreed to raise A$28.22m ($21.35m) by issuing 56.4 million shares priced A$0.5 ($0.38) a share in a private placement.
The placement will be subscribed to by Mulliner Investment, a subsidiary of IDG Energy Investment Group.
IDG Energy will acquire a 9.9% stake in LNGL, following the deal.
LNGL is an Australian company that develops liquefied natural gas (LNG) export terminal projects located in the US.
The funds raised from the placement will be utilised by the company to support the marketing efforts related to LNG offtake from the Magnolia LNG project and for general corporate purposes.
ShaMaran Petroleum has entered an agreement to purchase a 15% additional working interest in the Atrush Block production sharing contract and other assets from Marathon Oil KDV BV for $60m.
The Atrush Block is located in the Kurdistan region of Iraq.
ShaMaran’s stake in the Atrush Block will increase from 20.1% to 35.1%, following the transaction.
ShaMaran Petroleum is a Canadian oil and gas exploration company, while Marathon Oil KDV BV is a Netherlands-based subsidiary of Marathon Oil Corp.
The deal is expected to strengthen ShaMaran’s oil and gas portfolio in Iraq.
Canadian oil and gas company Permex Petroleum has entered a $1.95m purchase and sale agreement with Energy Properties 2000-1 to acquire stakes in the ODC San Andres Unit and W.J. ‘A’ Taylor lease in Gaines County, Texas, US.
Permex will acquire a 41.4% working interest in the ODC San Andres Unit and a 48% working interest in the W.J. ‘A’ Taylor lease, as part of the transaction.
The assets cover a total area of 1,220 gross acres and include 52 vertical wells comprising 26 producer wells, 21 injection wells, four shut-in wells, and one temporarily abandoned well.
The transaction is part of Permex’s strategy to purchase and develop high-quality assets in the Permian Basin.
