Atlas Growth Partners, an oil and gas company is planning to raise up to $1bn through Class A and Class T common units. The minimum proceeds from the public offering are fixed at $1m.
The company has completed the necessary registration with the US Securities and Exchange Commission in this respect. Paul Hastings is acting as legal advisor to the company for the offering.
The company intends to use the proceeds from the offering to acquire new oil and gas properties, develop, operate and manage its existing oil and gas properties, and drill additional oil and gas wells to meet the offering expenses.
AltaGas, an energy infrastructure company, has agreed to issue 4.12% senior unsecured medium-term notes, for gross proceeds of C$350m ($268.9m), in a public offering.
CIBC World Markets and RBC Capital Markets, are acting as underwriters to the company.
The company intends to use the proceeds from the offering to pay down existing indebtedness and for general corporate purposes.
Parsley Energy, an independent oil and natural gas company, has priced the public offering of 18.25m Class A common shares, for gross proceeds of approximately $390.6m. In addition, the company has also granted the underwriters a 30-day option to purchase an additional 2,737,500 shares.
Morgan Stanley & Co and Raymond James and Associates, are acting as joint book running managers, whereas Vinson & Elkins is acting as legal advisor to the company for the offering.
The company intends to use the proceeds to fund the acquisition of oil and gas interests in the Southern Delaware and Midland Basins, to fund a portion of its capital programme, and for general corporate purposes and future acquisitions.
ABB has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Madras (IITM) to build microgrids as well as conduct joint research and development (R&D) in the field of rural electrification, utilisation of natural non-fossil resources, battery energy storage, and their connection to loads and the main grid.
IITM and ABB will jointly design, build and supply equipment for up to two microgrids in rural areas. The microgrids will enable homes to be fitted with energy efficient direct current (DC) devices such as LED bulbs, TVs, cell phone chargers, and brushless DC motor based fans, specially designed by IITM.
The project will be managed by IITM until the transfer of the installations to the local distribution utility (DISCOM).
Image: ABB has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Madras (IITM), to build microgrids. Photo: Courtesy of Roland zh