Oil & Gas Drilling

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Aban Offshore Ltd approves issuance of shares

Thursday, 3 Jul 2014 09:19am EDT

Aban Offshore Ltd:Approved issuance of 10,783,608 shares of face value of two Indian Rupees to qualified institutional buyers at an issue price of 695.50 Indian Rupees per share.It is at a discount or 36.47 Indian Rupees per share to the floor price 731.97 Indian Rupees per share.

Aban Offshore Ltd to launch share sale-Business Standard

Friday, 27 Jun 2014 01:28am EDT

Aban Offshore Ltd:Is likely to launch a share sale to raise as much as $150 million on Friday-Business Standard.An Aban Offshore spokesman was not immediately available for comment.Axis Capital is the lead manager to the Aban issue.

Hi-Crush Partners LP announces pricing of primary offering of common units

Wednesday, 9 Apr 2014 06:50pm EDT

Hi-Crush Partners LP:Announces pricing of primary offering of 4,250,000 common units at a price of $41.29 per common unit.Offering is expected to close on or about April 15, 2014.Hi-Crush intends to use net proceeds to partially finance recently announced acquisition of Augusta facility, to refinance its existing revolving credit facility, and for related fees and expenses.Barclays, Morgan Stanley, UBS Investment Bank, and BofA Merrill Lynch are acting as joint-book runners.

Hi-Crush Partners LP announces primary offering of common units

Tuesday, 8 Apr 2014 04:00pm EDT

Hi-Crush Partners LP:Commences a primary public offering of 4.25 mln common units.Partnership intends to use the net proceeds to partially finance the acquisition of its sponsor`s Augusta facility, refinance its existing revolving credit facility, and for related fees and expenses.Barclays, Morgan Stanley, UBS Investment Bank, and BofA Merrill Lynch are acting as joint-book runners in the offering.

Northern Offshore U.K. Limited announces exercise of contract option for Jackup Energy Enhancer

Tuesday, 25 Mar 2014 06:46pm EDT

Northern Offshore Ltd:Reported that its subsidiary, Northern Offshore U.K. Limited, has received a declaration from Maersk Olie og Gas AS (Maersk) exercising the second of three one-year options for the jackup Energy Enhancer.The commencement date of the new option period is about mid-July 2014, which commits the Energy Enhancer to Maersk for continued operation in the Danish Sector of the North Sea until July 2015.This option exercise adds about $52 million to the company's contracted revenue backlog.

Songa Offshore completes subsequent offering

Monday, 10 Mar 2014 03:30am EDT

Songa Offshore SE:Completes subsequent offering of up to 61,000,000 shares at 2.50 Norwegian crowns per offer share.Says 61,000,000 Offer Shares have been issued.Says following the completion of the Subsequent Offering, the company's issued and outstanding share capital is 96,130,379.84 euros divided into 873,912,544 shares, each with a par value of 0.11 euro.

Songa Offshore SE announces completion of subscription period for subsequent offering

Tuesday, 25 Feb 2014 02:30am EST

Songa Offshore SE:Says the subscription period in the subsequent offering expired as at the end of Feb. 24.Says the subsequent offering was fully subscribed and it is expected that the company as a result of the subsequent offering will issue 61,000,000 offer shares at 2.50 Norwegian crowns per share raising gross proceeds of 152,500,000 Norwegian crowns.Says all subscribers being allotted offer shares will receive a letter confirming the number of offer shares allotted to the subscriber and the corresponding amount to be paid and the letter is expected to be distributed on or about Feb. 26.Says payment for offer shares will fall due on Feb. 28 and delivery will take place on or about March 7.Says following issue of the offer shares the total number of issued shares in the company is expected to increase by 61,000,000 shares, from 812,912,544 shares to 873,912,544 shares.Says the offer shares will be admitted to trading on Oslo Bors immediately following delivery.Says Fearnley Securities AS and Swedbank First Securities are acting as joint lead managers and joint bookrunners for the subsequent offering.

Songa Offshore announces subsequent offering

Wednesday, 5 Feb 2014 02:39am EST

Songa Offshore SE:Says subscription period for the subsequent offering of up to 61,000,000 additional shares in the company announced in Nov. 2013 commences on Feb. 10 and expires at 16:30 hours (CET) on Feb. 24th.Says the subscription price per offer share is 2.50 Norwegian crowns, equal to the subscription price in the private placement.

China Oilfield Services Ltd announces completion of placing

Wednesday, 15 Jan 2014 05:58am EST

China Oilfield Services Ltd:Says all the conditions as set out in the placing agreement have been fulfilled and the placing completed on Jan. 15 in accordance with the terms and conditions of the placing agreement.An aggregate of 276,272,000 new H Shares, representing about 5.79 pct of the total number of issued shares as enlarged by the allotment and issue of the placing shares, have been successfully allotted and issued by the company.At the placing price of HK$21.30 to no fewer than six but no more than ten Placees, who and whose ultimate beneficial owners are third parties independent of the company and its subsidiaries and are not connected persons of the company.The gross and net proceeds raised from the placing were about HK$5,884,593,600 and HK$5,819,392,302.91, respectively.

China Oilfield Services Ltd announces placing of new H shares under general mandate

Tuesday, 7 Jan 2014 09:53am EST

China Oilfield Services Ltd:Says that on Jan. 7, the Company entered into the Placing Agreement with the Placing Agents in relation to the placing of an aggregate of 276,272,000 new H Shares with an aggregate nominal value of 276,272,000 yuan.Says at the Placing Price of HK$21.30 per Placing Share (exclusive of brokerage (if any), the Hong Kong Stock Exchange trading fees and the SFC transaction levy).Says a net Placing Price of HK$21.06 per Placing Share to no fewer than six but no more than ten independent professional, institutional and/or individual investors.Says the Completion is expected to take place on Jan. 15 or such other date as the Company and the Placing Agents may agree in writing.Says the Placing Shares will be allotted and issued by the Company under the General Mandate.Says on the assumption that all Placing Shares are fully placed, the aggregate gross proceeds from the Placing are expected to be about HK$5,884,593,600.00.Says the aggregate net proceeds from the Placing, after deducting the commission and expenses of the Placing, are expected to be about HK$5,819,392,302.91.Says the company intends to use the net proceeds from the Placing for general corporate purposes.Says Placing Agents are China International Capital Corporation Hong Kong Securities Limited, Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities plc, Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. International plc.

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