Nordic American Tankers Limited has filed a prospectus with the US Securities and Exchange Commission for the issuance of shares to raise $100m.
Underwriters to the issuance have a 30-day option to purchase an additional 15% shares of the offering.
Seward & Kissel LLP and Mello Jones & Martin Limited are the legal advisors to Nordic American Tankers for the transaction.
Morgan Stanley Clarksons Platou Securities Inc, DNB Markets Inc, Skandinaviska Enskilda Banken AB (publ) and Seaport Global Securities LLC are the joint book-running managers to the company for the transaction.
Proceeds from the transaction will be used by the company to repay outstanding balances of its current credit facility and fund the expansion of fleet, and for general corporate purposes.
CATS Management Limited has agreed to acquire a 30% stake in Esmond Transportation System (ETS) for £23.6m ($31.6m) from Premier Oil plc.
The transaction will be funded through a direct payment of £21m ($28.1m) and £2.6m ($3.5m) in future upon achieving key milestones associated with the future development of the Pegasus field.
CATS Management has also agreed to acquire extra 35% stake in ETS pipeline from Centrica plc and Perenco UK Limited.
Jefferies International Limited is the financial advisor to Premier Oil for the transaction.
Scheduled for completion in the first half of 2018, the transaction will allow CATS Management to fortify its midstream assets portfolio.
Eni has secured $4.675bn in a financing round through seven separate facilities for the Coral South floating liquefied natural gas (FLNG) project.
The FLNG project aims to produce gas from the southern area of the Coral gas reservoir. The project is expected to start production in 2022 and is capable of producing up to five trillion cubic feet of gas.
Total and Santos have signed a seismic funding and farm-in option agreement with Melbana Energy for the WA-488-P licence.
The transaction involves funding the entire costs involved in a 3D seismic survey of the Beehive prospect by Total and Santos in exchange for an option to buy a direct 80% participating interest in the permit.
The entire costs until the completion of the WA-488-P permit’s first well will be funded if the option is exercised.
The transaction will allow Melbana Energy to further de-risk the prospect.
Energean Oil & Gas has signed agreements for the supply of natural gas from the Karish and Tanin fields, offshore Israel.
Signed with Israel Chemicals, Bazan Oil Refineries and OPC, the agreements enable the supply of natural gas up to 2.6 billion cubic metres (Bcm) a year.
The firm has concurrently signed an agreement with Rapac Group for the supply of an additional 0.3Bcm of natural gas.
Supply agreements increase the annual committed purchase volume from the fields to more than 4Bcm a year.