Greece’s Energean Bids for EDF Oil & Gas AssetsBy - BLOOMBERG

June 13, 2019, 4:41 PM GMT+3Dinesh Nair and Yaacov Benmeleh

• EDF has been seeking a sale to focus on nuclear projects
• Some other potential suitors have dropped out of bidding

Energean Oil & Gas Plc, the Greek energy producer that sold shares in London last year, is bidding for the oil and gas business of Electricite de France SA’s Italian unit, people familiar with the matter said.

Energean has submitted a final offer for Edison SpA’s exploration and production assets, the people said, asking not to be identified as the matter is private. Some other suitors have dropped out of the process, the people said, asking not to be identified because the information is private.

The business had earlier attracted initial interest from potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy, Bloomberg News reported in January. Other competitors including Wintershall Dea GmbH, an arm of Mikhail Fridman’s L1 Energy, could also look at the business, people with knowledge of the matter said at the time.

Energean takes FID on Karish and Tanin gas project, offshore Israel - WORLD OIL

MARCH/23/2018

ATHENS -- Energean Oil & Gas PLC has announced that its board of directors has approved the Final Investment Decision (FID) to proceed with the $1.6-billion Karish & Tanin Development Project, offshore Israel.

$405 million of the $460 million raised from the recent IPO of Energean will be used to fund the Company’s 70% share in the project, while the remaining 30% will be funded by Kerogen Capital, Energean’s partner in the project.

The project is also being financed through a Senior Credit Facility of $1.275 billion recently announced and underwritten by Morgan Stanley, Natixis, Bank Hapoalim and Société Générale.

Energean has secured long-term gas agreements with some of the largest private power producers and industrial companies in Israel. The Company has contracted for the purchase of a total of 61 Bcm of gas over a period of 16 years, at an annual rate of approximately 4.2 Bcm per year (on an ACQ basis).

Energean will develop the project through a new build, owned FPSO with gas treatment capacity of 800 MMscfd (8 Bcm/per annum) and liquids storage capacity of 800,000 bbl, which the Company believes provides a flexible infrastructure solution and, potentially the scope to expand output for potential additional projects. A 90-km gas pipeline will link the FPSO to the Israeli coast and necessary onshore facilities to allow connection to the domestic sales gas grid operated by INGL, the national gas transmission company.

Greece’s Energean gets nod to develop 2 Israeli offshore natural gas fields - THE TIMES OF ISRAEL

March 22, 2018, 1:20 pm
Shoshanna Solomon

Board of oil and gas explorer gives go-ahead to invest $1.6 billion in Karish and Tanin, which will supply local Israeli market

Greek firm Energean Oil & Gas PLC said Thursday its board has given the green light to a final investment decision that will enable the oil and gas explorer to proceed with the $1.6 billion development of the Karish and Tanin natural gas fields off Israel’s shores.

The company said that $405 million of the $460 million it raised in a recent initial public offering of shares in London will be used to fund its 70 percent stake in the project. The remaining 30% of the project will be funded by Kerogen Capital, Energean’s partner in the project, the Greek firm said in a statement.

The project is also being financed through a credit facility of $1.28 billion underwritten by Morgan Stanley, Natixis, Bank Hapoalim and Société Générale.

Energean said it has already secured long-term gas agreements with some of the largest private power producers and industrial companies in Israel, who have contracted purchases of a total of 61 billion cubic meters (BCM) of gas over a period of 16 years.

Greek Energy Firm Secures $1.25b to Develop Two Israeli Natural Gas Fields - HAARETZ / REUTERS

Feb 27, 2018 8:53 PM

The Greek energy firm Energean has secured $1.25 billion in funding for the development of two natural gas fields offshore Israel, the company’s CEO said Tuesday. The company signed commitment letters with Morgan Stanley, French investment bank Natixis and Israel’s Bank Hapoalim, CEO Mathios Rigas told an energy conference in Tel Aviv, according to an official transcript. It’s unusual for institutions to lend money for an energy project, but Energean has lined up anchor customers for its gas, so the risk is relatively low. The company estimates it will cost $1.6 billion to put the two fields into production. Energean hopes to begin production at the Karish and Tanin fields, which contain an estimated 2.4 trillion cubic feet of natural gas, in 2021. The company is also planning to raise $500 million in an initial public offering in London and may dual-list its shares on the Tel Aviv Stock Exchange. (Reuters)

ENPPI Petroleum to launch IPO on EGX in 2018 - MUBASHER

07 August 2017 04:18 PM
Ahmed Alam / Translation: Mai Ezz El-Din

Cairo – Mubasher: ENPPI Petroleum will launch an initial public offering (IPO) on the Egyptian Exchange (EGX) during the first quarter of 2018, Egypt’s minister of investment and international cooperation Sahar Nasr said.

Nasr agreed with the new EGX’s board on establishing new programmes to innovate new mechanisms for the EGX to speed up the implementation process of the governmental IPOs, she added.

Vice chairman of the EGX Mohsen Adel expects seeing between three and five medium-sized and large initial public offerings (IPOs) before the end of the current year.

Delek Said to Start Roadshow for $1.1 Billion Gas IPO Next Week - BLOOMBERG

Thursday, June 22, 2017Yaacov Benmeleh

(Bloomberg) -- Delek Group Ltd. will start a roadshow next week to sell a stake in a $12.3 billion natural gas field off Israel’s shores, according to a person familiar with the matter.

Israel’s biggest energy company, controlled by billionaire Yitzhack Teshuva, will meet with investors in Tel Aviv, London and the U.S. for the planned initial public offering of Tamar Petroleum, a special purpose vehicle that owns 9.25 percent of the Tamar gas reservoir, the person said, asking not to be identified because the information isn’t public.

Tel Aviv exchange to see largest IPO on gas field sale - CNBC

A large digital ticker shows financial information outside the
entrance to the Tel Aviv Stock Exchange (TASE) in Tel Aviv, Israel
 on August 4, 2016. Rina Castelnuovo | Bloomberg via Getty Images

Ferry Biedermann; special to CNBC.com
22 JUNE 2017

The Tel Aviv Stock Exchange, TASE, is about to see its largest IPO ever with the sale of part of the Tamar natural gas field by Delek Drilling. A new company, Tamar Petroleum, is to acquire 9.25 percent of the field as well as part of Delek's holding in the smaller Dalit field and will next month issue an offering of about $1.2 billion in stocks and bonds to finance the deal.

Delek's divestment is part of antitrust measures under which the company is to sell its entire 31.3 per cent stake in Tamar, currently the main field from which Israel draws its natural gas. Its partner, Texas-based Noble Energy, will reduce its share in the field from 33 to 25 percent. Last year it sold 3 percent to move towards that goal. This allows both companies to maintain their share in the much larger Leviathan gas field that will come online in the coming years.

Egypt expects to raise US$150mn from the IPO of ENPPI - OIL REVIEW AFRICA

Wednesday, 21 June 2017 06:05

With an aim to raise US$150mn from an initial public offering (IPO), Egyptian government plans to sell 24 per cent stake of the state-owned Engineering for the Petroleum and Process Industries (ENPPI) on the domestic equity market

Egypt is looking forward to make this IPO programme successful to add value to the country’s economic development.

Privately managed NI Capital, Egypt’s state-owned financial consultancy, will evaluate the fair value of ENPPI before the end of 2017.

Ashraf Ghazaly, CEO of NI Capital, said that it expects to raise between US$100mn-US$150mn from the ENPPI’s IPO.

Israel's Navitas Petroleum Plans Tel Aviv IPO - RIGZONE / REUTERS

Tuesday, June 13, 2017
Reporting by Ari Rabinovitch; Editing by Tova Cohen

HERZLIYA, Israel, June 13 (Reuters) - Israel's Navitas Petroleum plans to raise $130 million in bonds and then carry out an initial public offering (IPO) on the Tel Aviv Stock Exchange as it expands operations in the Gulf of Mexico and Canada.

The exploration and production company will use the money raised in the bond offering to fund development and secure a 5 percent stake in the deep-water project Buckskin in the Gulf of Mexico, which holds an estimated 490 million barrels of recoverable oil, said Navitas Chairman Gideon Tadmor on Tuesday.

Egypt to sell 24% shares in state-owned Enppi: oil minister - AMWAL AL GHAD / ZAWYA

29 March, 2017
By Mahmoud Shaaban

Egyptian government has approved listing 24 percent share of state-owned company Engineering for the Petroleum and Process Industries (Enppi) on the local stock market, Oil Minister Tarek el-Molla announced Tuesday.

NI Capital, a financial company affiliated to the National Investment Bank, will evaluate the fair value of Enppi ahead of starting initial public offering process, the Egyptian minister added.

Earlier, El-Molla said that the government were assessing some state-owned petroleum companies for their suitability for a possible listing on the Egyptian stock market or share issuances, adding that planned IPOs would take place before the end of the current financial year.

Ratio Petroleum IPO oversubscribed - GLOBES

19 Jan, 2017 12:55
Kobi Yeshayahou

Ratio Petroleum engages in oil and gas exploration in Guyana, Malta, the Philippines, and Ireland.
In the first IPO of 2017, Ratio Petroleum has scored a success, raising NIS 48 million in an offering of participation units. Demand for the oversubscribed part of the offering for investment institutions totaled NIS 60 million. Ratio Petroleum is a subsidiary of Ratio Oil Exploration (1992) LP (TASE:RATI.L), which owns 15% of the Leviathan natural gas reservoir. Ratio Petroleum, which engages in oil and gas exploration outside of Israeli economic waters, holds exploration rights in Malta, Guyana, Ireland, and the Philippines. The company also engages in development and production, mainly of marine assets.

Ratio unit to raise NIS 100m in TASE IPO - GLOBES

28/11/2016, 12:22
Nitzan Cohen

Delek will buy 17.5% of the offering in Ratio Petroleum, which holds gas and oil exploration permits abroad.
An interesting new collaboration seems to be forming between Leviathan partners Delek and Ratio in Israel's gas and oil exploration industry. Ratio Petroleum, controlled by the Ratio Oil Exploration (1992) LP (TASE:RATI.L) partnership, is to hold a Tel Aviv Stock Exchange (TASE) IPO to raise NIS 100 million in a partnership unit and options issue. The fascinating development in this IPO, other than the relatively barren IPO market on Tel Aviv in the past few years, is the commitment made by Delek Group Ltd. (TASE: DLEKG) to buy 17.5% of the offering and therefore become a significant member of this partnership.

Egypt Makes Its LNG Importer Picks For Remainder Of 2016 - OILPRICE.COM

By Zainab Calcuttawala - Sep 23, 2016, 4:33 PM CDT

Egypt has chosen three firms to supply liquefied natural gas to its markets for the remainder of 2016, closing a tender it had issued two weeks ago, according to a recent report by Reuters.

Glencore, an Anglo-Swiss commodities trading house, will supply cargo for October; Dutch Trafigura will deliver a shipment for November; and U.K.-based B.B. Energy – a relatively new player in the LNG trade – will arrange the December order.

Egypt Government to Start IPO Program With Oil Companies - BLOOMBERG

Tamim Elyan, Abdel Latif Wahba, September 19, 2016 — 9:22 AM EEST

• Authorities aim to raise $10 billion within 3 to 5 years
• Egypt has also reached an initial $12 billion IMF loan deal

Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister of investment said.

The government is studying which companies will participate in the program, Minister of Investment Dalia Khorshid said in an e-mailed response to questions. The government will pick local and international investment banks to advise on the offerings.

Delek Group Weighs Markets for $4 Billion IPO (Video) - BLOOMBERG

8:04 AM EEST
September 1, 2016

Delek Group, the Israeli energy company controlled by billionaire Isaac Tshuva, is considering New York, London or Amsterdam for an initial public offering of its stake in the Tamar natural gas field valued at $3 billion to $4 billion, according to people with knowledge of the matter. Bloomberg's Elliott Gotkine reports on "Bloomberg Markets Middle East." Watch the 2 minute VIDEO. 
(Source: Bloomberg)