Royal Dutch Shell plc has unveiled its plans to sell 16 upstream oil and gas assets for approximately $8bn.
The sale forms part of Shell’s $30bn three-year asset sales programme intended to reduce its debt associated with the acquisition of BG Group.
Fairmount Santrol Holdings Inc has announced pricing and upsizing of a public offering to raise $285.9m through the issue of 30.25 million shares.
The underwriters have been granted a 30-day option by the company to buy up to additional 4,537,500 shares.
Funds raised from the issue are intended to be used by the company to fund general corporate functions, working capital requirements and acquisitions.
The fields are estimated to hold combined proven, probable and possible reserves of 281 million metric barrels of oil equivalent (Mmboe).
QGEP Participacoes SA subsidiary Queiroz Galvao Exploracao e Producao (QGEP) has agreed to acquire additional working interest in FZA-M-90, PAMA-M-265 and PAMA-M-337 exploratory blocks off the coast of Brazil, from Pacific Brasil Exploracao e Producao de Oleo e Gas Ltda.
The blocks are located in the Foz do Amazonas and the Para-Maranhao basins (PAMA), offshore Brazil.
Upon completion of the transaction, QGEP will own 65% stake in the FZA-M-90 block and 100% stake in PAMA-M-265 and PAMA-M-337 blocks.
The deal will allow QGEP to expand its oil and gas assets portfolio offshore Brazil.