Oman and Abu Dhabi State-Owned Companies to Issue Debut Bonds
Apr 29 2021, 12:46 AM
April 28 2021, 2:35 PM
April 29 2021, 12:46 AM
(Bloomberg)
(Bloomberg)
Omani state energy company OQ SAOC and Abu Dhabi Ports Co. PJSC are set to issue bonds in their first foray into the international fixed-income market.
OQ is looking to raise at least $500 million as the government seeks to leverage some of its hydrocarbon assets to bolster its finances, according to people familiar with the matter. It has hired Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. to work on the seven-year dollar bonds, which may be issued Wednesday, the people said. The initial yield talk is around 5.625%.
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read
Harvard Named World s Best University But China s Remarkable Rise Comes At U S Expense forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg)
Try refreshing your browser, or Texan Company and Dana Gas Cancel $236 Million Egyptian Deal Back to video
Dana Gas PJSC’s $236 million deal to sell oil and gas blocks in Egypt to Texan company IPR Energy Group has fallen through.
The agreement between the two firms, announced in October, was terminated after they failed to finalize terms, Dana Gas said in a statement on Sunday to the Abu Dhabi stock exchange.
Dana Gas said it will now keep the assets, which accounted for output equivalent to 31,000 barrels a day of oil in 2019. The company, one of the Middle East’s biggest private-sector gas producers, will also drill an exploration well in the offshore Block 6 in the first quarter of 2023.
23 April 2021 8:35 GMT Updated 23 April 2021 8:35 GMT in New Delhi
United Arab Emirates-based rig owner Shelf Drilling has landed an offshore jack-up charter deal from India’s Oil & Natural Gas Corporation (ONGC).
The three-year award will see the jack-up JT Angel work for the state-controlled oil and gas giant in the Mumbai High area offshore India s west coast, Shelf said on Friday.
Operations are set to begin in the fourth quarter of this year, the Oslo-listed rig owner added.
ONGC deploys an expansive offshore rig fleet of more than 30 drilling units, the majority of which are chartered with leading rig operators.