IPO – Oil & Gas 360

BKV Corporation announces launch of Initial Public Offering

September 16, 2024

Oil and Gas 360 DENVER, September 16, 2024 – BKV Corporation (“BKV”) today announced that it has launched the initial public offering of 15,000,000 shares of its common stock. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares from BKV at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected

Arabian Drilling Co. hires Goldman, HSBC, SNB Capital for IPO

September 19, 2022

World Oil (Bloomberg) — Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream of Gulf firms tapping equity markets. The firm will sell 26.7 million shares, or a 30% stake, in initial public offering, according

Greenvolt raises $177 million in IPO to fund expansion

July 14, 2021

Nasdaq LISBON- Portuguese renewable energy firm Greenvolt GVOLT.LS said on Wednesday it had raised 150 million euros ($177.29 million) in an initial public offering to fund its expansion, including in European solar parks and wind farms. The IPO, which is the largest on the Portuguese stock exchange since 2014, values Greenvolt above 500 million euros. Trading in Greenvolt shares on the

LNG-related solutions provider Hygo looks to raise $485 million in U.S. IPO

September 17, 2020

Reuters Liquefied natural gas solutions firm Hygo Energy Transition Ltd, which is owned by Golar LNG GLNG.O, is looking to raise up to $485 million in its initial public offering, according to a regulatory filing on Thursday. Hygo plans to sell 23.1 million shares at a price range of $18-$21 apiece, according to the filing here. At the higher end of the

Saudi Aramco in race for IPO record with $1.7 trillion top value

November 18, 2019

Reuters DUBAI- Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO. Aramco cannot sell its shares directly to investors in the United States and other markets, as the

Aramco meets investors in last-minute bid to hit $2 trillion IPO target: sources

November 1, 2019

Source: Reuters DUBAI (Reuters) – Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $2 trillion valuation as possible ahead of an expected listing launch on Sunday, according to three sources. Failure to reach the coveted target would cause a dilemma for Saudi Crown Prince Mohammed bin Salman –

Saudi Aramco’s IPO coming soon: energy minister

October 30, 2019

S&P Global Platts The initial public offering of Saudi Aramco — the company that is preparing to sell up to a 5% stake — will happen soon, the country’s energy minister said on Wednesday. The Aramco IPO is “going to come soon. It will come at the right time with the right approach and definitely with the right decision, and

Saudi Aramco to list shares on local exchange on Dec 11: report

October 29, 2019

S&P Global Platts Saudi Aramco, the state-owned company seeking to sell up to a 5% stake in an IPO, will list its shares on the local Saudi exchange on December 11, with a final price for the flotation set to be announced on December 4, Saudi-owned Al Arabiya TV reported on Tuesday. The Capital Market Authority, the country’s financial regulator,

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

August 13, 2019

From Reuters Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. The Chinese products include laptops and cellphones. The tariffs had been scheduled to start next

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

August 12, 2019

From Reuters Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war. International benchmark Brent crude settled at $58.57 a barrel, up 4 cents. West Texas Intermediate (WTI) futures settled at $54.93, up 43 cents. Investors were

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

August 7, 2019

From Reuters Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking sources said. With Aramco talking again to banks about an initial public offering (IPO), its board is meeting later this

Borr Drilling Awarded Contract by Pemex

August 6, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling is awarded its fourth Mexican contract in less than nine months Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has been awarded a contract by Petróleos Mexicanos (Pemex) for the employment of a jack-up drilling rig. Previously, the company has entered into two other similar

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