ShaMaran Petroleum (SNM.ST) said Tuesday it placed 1 million euros of new shares to retail investors as part of its listing on the Oslo Stock Exchange-operated Euronext Growth Oslo.
The Iraq-focused oil and gas company placed 8,999,999 shares at 1.20 Norwegian kroner apiece as part of the oversubscribed offering. Settlement is expected by Thursday, with delivery scheduled for Friday.
The company expects to debut on Euronext Growth Oslo by Friday.
Zenith Energy (ZENA.OL) said Wednesday it agreed to buy an 82% stake in Daybreak Oil and Gas through its subsidiary Leopard Energy.The energy production and development company signed nonbinding confidentiality and exclusivity agreements with Reabold Resources (RBD.L) and Portillion Capital to acquire their respective 42% and 40% interests in Daybreak.During a 90-day exclusivity period, Zenith will conduct customary due diligence and finalize the proposed transactions. The agreements also allow the company to negotiate the purchase of additional shares from other Daybreak shareholders.
La Française de l'Energie (FDE.PA) on Monday commissioned two green power generation engines at its Angres site in Pas-de-Calais, France.The Angres site is among the 18 covered by the abandoned mine methane agreement between the energy production company and the French government, according to a Tuesday release. The site has a 15-year feed-in tariff contract with energy company EDF at 80 euros per megawatt-hour, indexed to inflation.The electricity production will also start shortly at the Rouvignies site, which is another site covered by the deal with the government and has a long-term contract with EDF.
Subsea 7 (SUBC.OL) secured a contract to work on Murphy Exploration & Production Co.'s String Music development in the US Gulf, according to a Tuesday release.Under the contract, which is worth between $50 million and $150 million, the subsea engineering company will provide engineering, procurement, construction, and offshore installation services, with some works to be done in water depths of up to 1,850 meters.Offshore operations at the project are scheduled for 2027.