Tellurian plans to raise $118.8m by offering 12 million shares in a public offering.
The underwriters have been given an option to buy an additional 1.8 million shares of common stock.
The acting book runner for the transaction is Credit Suisse Securities (USA), while the underwriters are Stifel Financial, Cowen and Company, Seaport Global Securities, and Tuohy Brothers Investment Research.
Based in the US, Tellurian is a natural gas company, which intends to utilise the proceeds from the offering for general corporate purposes, pipeline development and working capital.
Midstream company American Midstream Partners has entered an agreement to divest its Marine Products Terminals business to institutional investors for $210m.
Marine Products Terminals include Harvey, Westwego and Brunswick terminals located on the Port of New Orleans, Louisiana, and Brunswick in Georgia, respectively and having a storage capacity of 1,110 million barrels (Mbbl), 1,045Mbbl and 221Mbbl.
The financial adviser and legal adviser to American Midstream are Bank of America Merrill Lynch and Sidley Austin respectively.
The financial adviser to the undisclosed institutional investors for the transaction is J.P. Morgan Asset Management.
The divestment will help American Midstream to simplify its business operations. The funds raised are expected to be utilised by the company to repay its debts and for general corporate purposes.
China Petrochemical Corporation (Sinopec Group) plans to raise CNY50bn ($7.8bn) by issuing exchangeable corporate bonds in a public offering.
The bonds can be exchanged for part of A shares of China Petroleum & Chemical Corporation held by Sinopec Group in instalments.
Based in China, Sinopec Group is an integrated energy and chemical company.
US-based oil and gas company Chaparral Energy has agreed to raise C$300m ($227.27m) by issuing senior unsecured notes due 2023 in a private placement.
Qualified institutional investors will subscribe to the placement.
The proceeds from the placement will be used by the company to repay its debts and for general corporate purposes.
Australian energy company Eon NRG has purchased the entire working interest in the Borie field in Denver-Julesburg Basin, Wyoming, US, for $0.9m.
The Borie field spans across 2,850 net acres and comprises 11 operated wells, two new wells and three water-enhanced oil recovery injection wells.
The acquisition is expected to strengthen Eon NRG’s oil and gas asset portfolio in Wyoming, US.
