Teekay Offshore Partners L.P. has raised $250m via its wholly owned subsidiary Teekay Shuttle Tanker LLC through the issue of 7.125% senior unsecured bonds in a public offering, due August 2022.

DNB Markets Inc, Danske Bank Markets, Nordea Bank Danmark A/S, and Swedbank AB acted as the underwriters to Teekay for the offering.

Diamond Offshore Drilling Inc has announced the pricing of 7.875% senior notes in order to raise $500m in a public issue.

The notes yield a semi-annually payable coupon rate of 8% until they expire on 15 August 2025.

Diamond Offshore appointed RBC Capital Markets LLC and Goldman Sachs & Co LLC as underwriters for the offering.

The net proceeds from the offering are intended to be used to finance the redemption of all Diamond Offshore's outstanding 5.875% senior notes, which are due 2019.

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The public issue is scheduled for closure on 15 August.

"DEA Deutsche Erdoel AG plans to buy a 50% stake in five oil and gas exploration blocks located in Santos Basin, Brazil, from Karoon Gas Australia Ltd."

Cox Oil Offshore L.L.C. has completed the acquisition of a majority stake in the OCS-310 Tiger Shoal lease from Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Inc.

The Tiger Shoal lease is located in the Flatrock and Hurricane areas in the shallow-water Gulf of Mexico Outer Continental Shelf, US.

The transaction will allow Cox Oil to fortify its portfolio of oil and gas assets in the Gulf of Mexico.

DEA Deutsche Erdoel AG plans to buy a 50% stake in five oil and gas exploration blocks located in Santos Basin, Brazil, from Karoon Gas Australia Ltd.

The five blocks, S-M-1037, S-M-1101, S-M-1102, S-M-1165, and S-M-1166 contain the Echidna and Kangaroo discoveries.

Echidna discovery includes a leased floating production, storage and offloading (FPSO) facility, two extended horizontal production wells and a gas injection well.

The blocks will be jointly owned by Karoon Gas and DEA Deutsche upon completion of the transaction, with Karoon Gas acting as the operator.