Petroperu (Petroleos del Peru) intends to raise $1bn through the issue of bonds.
The company is engaged in transportation, refining, distribution and marketing of fuels and other petroleum products.
The proceeds from the offering are intended to be used to fund the expansion of the company’s Talara refinery.
Petroleo Brasileiro (Petrobras) has unveiled its plans to dispose onshore oil and gas fields located in the Buracica Cluster area, Brazil.
The divestment involves the transfer of 100% working interest in Buracica, Fazenda Paneias, Fazenda Matinha, Conceicao, Querera, Fazenda Santa Rosa, and Lagoa Branca fields.
The fields produced 3.94 barrels of oil a day and 32,000m³ of gas in 2016. The proved, probable and possible (3P) reserves of the assets are estimated to be 335mmboe.
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By GlobalDataPetrobras has appointed Banco Itau BBA as the financial advisor for the transaction.
Cooper Energy intends to raise $107m through the issue of up to 456 million common shares at a price of $0.234 a share, in a non-renounceable entitlement offering.
The offering involves the issue of two shares for every share held by each shareholder in the company, on a pro-rata basis.
Cooper Energy has engaged Euroz Securities Limited and Canaccord Genuity (Australia) as underwriters for the offering.
The proceeds from the offering are intended to be used by the company to repay debt and to meet capital commitments and working capital requirements.
The issue is scheduled to be closed on 19 September.
Valero Energy Corporation plans to buy an oil storage terminal located in the Bay area in Martinez, California, US.
The transaction will allow Velero Energy to expand its storage assets portfolio in California.
Evolution Engineering has received an investment from a private equity firm named EV Private Equity.
Evolution Engineering offers products and services to the measurement while drilling (MWD) and directional drilling industry.
