Bahamas Petroleum Company Plc has raised $1.9m through the issue of 150 million shares in a conditional private placement, at the price of $0.012 a share.
The proceeds from the placement are planned to be used by Bahamas Petroleum to either complete a farm-in or conduct drilling of an exploration well within its southern licenses.
Tap Oil Limited has agreed to dispose 20% interest in permit WA-8-L's production license located in the Northern Carnarvon Basin, Australia, to a private exploration and production (E&P) company for a cash consideration of $0.6m.
The license extends over an area of 161km² within the north-eastern part of the Dampier sub-basin of the Northern Carnarvon Basin, and includes the Talisman and Amulet oil fields.
The transaction is part of Tap Oil’s wider strategy to realise value from its non-core asset portfolio.
Qatar Petroleum, through its subsidiary Wave LNG Solutions LLC, has reached an agreement with Royal Dutch Shell plc subsidiary Shell Gas & Power Developments BV to build liquefied natural gas (LNG) marine fuelling or bunkering infrastructure at strategic shipping locations worldwide.
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The LNG bunkering infrastructure will supply enough LNG fuel to the shipping industry to meet its various environmental and economic objectives.