Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, and US-based industrial automation company Emerson agreed to co-develop corrosion management systems, according to a Wednesday filing.
The Saudi oil giant will integrate its intellectual property with Emerson's corrosion wall thickness monitors, wireless connectivity, and real-time data analytics to develop a corrosion management system for its processes and operations.
Awilco LNG (ALNG.OL) said Tuesday it raised 29.5 million Norwegian kroner of additional proceeds from its subsequent offering of new shares priced at 3.25 kroner apiece.At the closing of the subsequent offering, the Norwegian liquefied natural gas transport company received orders for 9,093,946 shares. It offered 15 million new shares as part of the follow-on offering.
Borr Drilling (BORR.OL) on Tuesday launched an offer to repurchase up to $1.58 billion of its outstanding senior secured notes.The drilling contractor is offering cash to acquire all $1.13 billion of outstanding notes from its Borr IHC unit's $1.38 billion issuance of 10% senior secured notes due 2028, and up to $447.3 million of outstanding notes from its $877.1 million issuance of 10.375% senior secured notes due 2030.The offer consideration for every $1,000 of the 2028 notes will factor 2% US Treasury Reference Security due Nov. 15, 2026, plus the fixed spread of 50 basis points and an additional $50 for early tenders. Meanwhile, the offer consideration for every $1,000 of the 2030 notes is equal to $1,010 plus $50 for early tenders. Delivery of the new notes is scheduled for June 10, 2026, with early settlement to follow the next day.Along with cash on hand, the company intends to use proceeds from its $1.6 billion offering of senior secured notes due 2032 and 2034 to help finance the redemption offer. Closing is expected on June 24, 2026.
Canada reportedly reached a deal to supply German energy company SEFE with as much as 1 million metric tons of liquefied natural gas annually.The LNG will be supplied from the planned CA$10 billion Ksi Lisims project in British Columbia, Bloomberg News reported Tuesday, citing people familiar with the matter.A deal could be announced by the Canadian Minister of Energy and Natural Resources Tim Hodgson on Wednesday, the report added.SEFE, Canada's Natural Resources Ministry, and Ksi Lisims LNG did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)