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Oil & Gas Refining and Marketing

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Phillips 66 Partners announces $2.4 billion acquisition

Friday, 22 Sep 2017 07:45am EDT

Sept 22 (Reuters) - Phillips 66 Partners LP :Phillips 66 Partners announces $2.4 billion acquisition.Phillips 66 Partners LP - ‍deal expected to be immediately accretive to unitholders​.Phillips 66 Partners LP - deal consists of ‍consideration of $1.7 billion consisting of cash, debt and partnership units​.Phillips 66 Partners LP - ‍consideration for acquisition is $1.7 billion​.Phillips 66 Partners - ‍total deal value includes $625 million in proportional non-consolidated, non-recourse Bakken pipeline debt and $100 million of MSLP debt​.Phillips 66 Partners LP - ‍acquisition is expected to be immediately accretive to partnership and its unitholders​.Phillips 66 Partners - ‍ reached deal with Phillips 66 to acquire its 25 percent interest in each of Dakota Access, Energy Transfer Crude Oil Company.Phillips 66 Partners LP - ‍partnership will also issue $240 million in new PSXP units to Phillips 66​.Phillips 66 Partners LP - deal‍ with Phillips 66 to also acquire its 100 percent interest in Merey Sweeny​.Phillips 66 Partners-plans to fund deal through combination of debt, proceeds from private placement of equity units, PSXP units issued to Phillips 66.Phillips 66 - ‍in connection with MSLP deal, co will enter 15-year tolling agreement that includes base throughput fee, minimum volume commitment from co.Phillips 66 Partners - ‍reached agreement with Phillips 66 to acquire 25 percent interest in Bakken Pipeline, 100 percent interest in Merey Sweeny​.

China Petroleum & Chemical's Chairman Wang Yupu resigns due to change in job role

Friday, 22 Sep 2017 06:41am EDT

Sept 22 (Reuters) - China Petroleum & Chemical Corp <600028.SS><0386.HK>:Says Chairman Wang Yupu resigns due to change in job role.

Sasol Inzalo Public says share transaction will unwind in 2018

Friday, 22 Sep 2017 04:12am EDT

Sept 22 (Reuters) - SASOL INZALO PUBLIC LTD (RF) ::SASOL INZALO SHARE TRANSACTION WILL UNWIND IN 2018.RECORDED NET LOSS FOR YEAR ENDED 30 JUNE 2017 OF R106 MILLION (2016: R95 MILLION).BOARD OF DIRECTORS HAS CONCLUDED THAT NO CASH DIVIDEND SHOULD BE DECLARED FOR YEAR ENDED 30 JUNE 2017.SUFFICIENT CASH IS EXPECTED TO BE GENERATED OUT OF DIVIDENDS THAT WILL BE RECEIVED FROM SASOL LIMITED.

Rubis provides general overview following hurricane Maria in Caribbean‍​

Thursday, 21 Sep 2017 12:10pm EDT

Sept 21 (Reuters) - RUBIS SCA :GENERAL OVERVIEW FOLLOWING HURRICANE MARIA IN THE CARIBBEAN‍​.IN FRENCH ANTILLES, ALL THE TERMINALS (FUELS, LPG, BITUMEN) ARE CURRENTLY OPERATIONAL‍​.IN FRENCH ANTILLES, REFINERY (SARA) IS FULLY OPERATIONAL AS WELL AS ITS LOADING TRUCKS, ALL GAS STATIONS ARE CURRENTLY FULLY OPERATIONAL.IN DOMINICA, OUR STORAGE AND JETTY FACILITIES HAVE HELD OUT QUITE WELL AFTER MARIA.IN DOMINICA, GAS STATIONS NETWORK IS NOT YET FULLY OPERATIONAL DUE THE DAMAGE ON THE ROAD NETWORK.THE DAMAGES ARE COVERED BY THE GROUP’S INSURANCE POLICIES.

PTT Boontuck Wungcharoen has resigned from directorship of PTT

Thursday, 21 Sep 2017 07:30am EDT

Sept 21 (Reuters) - Ptt Pcl :Boontuck wungcharoen, an independent director and chairman of remuneration committee, has resigned from the directorship of PTT.

San Francisco, Oakland sue five companies ​over costs of climate change

Wednesday, 20 Sep 2017 01:15pm EDT

Sept 20 (Reuters) - City Attorney of San Francisco::San Francisco and Oakland sue Chevron, ConocoPhillips, Exxon, BP, Royal Dutch Shell​‍ ​over costs of climate change.

Sasol says Sasol Inzalo Employee Trusts to end in 2018

Wednesday, 20 Sep 2017 01:05am EDT

Sept 20 (Reuters) - Sasol Ltd ::SASOL LTD - SASOL INZALO EMPLOYEE TRUSTS WILL COME TO AN END IN 2018 AND SEPARATELY NEW SASOL KHANYISA EMPLOYEE SHARE OWNERSHIP PLAN WILL BE IMPLEMENTED.SASOL - INZALO FUNDCOS WILL BE REQUIRED TO DISPOSE OF PREFERRED ORDINARY SHARES IN ORDER TO BE IN A POSITION TO REDEEM PREFERENCE SHARE FUNDING AND CUMULATIVE DIVIDENDS IN 2018.ANY SHORTFALL IN VALUE OF PREFERRED ORDINARY SHARES HELD BY INZALO FUNDCOS WILL BE MADE GOOD THROUGH A SUBSCRIPTION OF SHARES BY SASOL IN INZALO FUNDCOS.SASOL INZALO FOUNDATION WILL BE RENAMED.SASOL - BASED ON CLOSING OF R389 ON 4 SEPT, THERE WILL BE NO DISTRIBUTION OF SOL SHARES TO PARTICIPANTS IN SASOL INZALO EMPLOYEE TRUSTS WHEN SASOL INZALO TRANSACTION ENDS IN 2018..

Exxonmobil says VP Robert Stuart Franklin reports open market sale of 22,656 shares

Tuesday, 19 Sep 2017 11:53am EDT

Sept 19 (Reuters) - Exxon Mobil Corp :Exxonmobil says VP Robert Stuart Franklin reports open market sale of 22,656 shares of co's common stock at average of $79.76per share on Sept 18 - sec filing.

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