TGS-NOPEC Geophysical Company ASA has raised $2.18m through issuing 105,375 shares at a price of $20.66 each. The units have been issued through exercise of options.
TGS-NOPEC provides geophysical, geological and imaging products and services to oil and gas exploration and production companies across the world.
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Otto Energy Limited is intending to raise $8.2m through the issue of convertible notes in a private placement due 30 June 2019.
The notes bear a coupon rate of 14% a year and are convertible into common shares of the company, at a conversion price of $0.04 a share.
Proceeds from the offering are intended to be used by the company to fund its oil project in South Marsh Island 71 licence in offshore Gulf of Mexico.
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Odfjell Drilling has received a letter of award (LoA) worth approximately $55m from Statoil to provide Aker H-3.2 designed semi-submersible drilling rig named Deepsea Bergen for conducting offshore drilling activities during 2018-19.
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By GlobalDataThe scope of the contract includes drilling a firm well and 4×3 optional wells. Drilling work is scheduled to start between Q2 and Q3 2018 and will continue for 14 months if all options are exercised.
