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Petronas Dagangan's unit enters MOU with Phoenix Petroleum Philippines for proposed divistment

5:51am EDT

May 24 (Reuters) - Petronas Dagangan Bhd :Unit entered into a memorandum of understanding with p-h-o-e-n-i-x Petroleum Philippines, inc.Mou in relation to proposed divestment of 137,250 Duta shares held by Alsons Consolidated Resources, 137,250 Duta shares held by Masaligan.MoU is not expected to have any material effect on the earnings of the company for the FY ending 31 December 2017.MoU in relation to proposed divestment of 1.09 billion ordinary shares & 1.5 million preferred shares in PEPI by PDBN.MoU in relation to proposed divestment of 183,000 ordinary shares in Duta, representing 40% equity interest in Duta by PDBN.

Petronas Dagangan's unit enters MOU with Phoenix Petroleum Philippines for proposed divistment

5:51am EDT

May 24 (Reuters) - Petronas Dagangan Bhd :Unit entered into a memorandum of understanding with p-h-o-e-n-i-x Petroleum Philippines, inc.Mou in relation to proposed divestment of 137,250 Duta shares held by Alsons Consolidated Resources, 137,250 Duta shares held by Masaligan.MoU is not expected to have any material effect on the earnings of the company for the FY ending 31 December 2017.MoU in relation to proposed divestment of 1.09 billion ordinary shares & 1.5 million preferred shares in PEPI by PDBN.MoU in relation to proposed divestment of 183,000 ordinary shares in Duta, representing 40% equity interest in Duta by PDBN.

Idemitsu Kosan sets up organic electroluminescence subsidiary in Shanghai

2:36am EDT

May 24 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>:* Says it established a wholly owned subsidiary based in Shanghai on May 15.* New subsidiary is engaged in organic electroluminescence business .* New subsidiary is capitalized at 5.3 million yuan, or 90 million yen .

Qingdao Copton Technology elects chairman, general manager and CFO

Tuesday, 23 May 2017 10:25pm EDT

May 24 (Reuters) - Qingdao Copton Technology Co Ltd <603798.SS> ::* Says the board elects Zhu Zhenhua as chairman, Zhu Lei as general manager and Li Zhen as CFO .

Aegean Marine Petroleum Network Q1 earnings per share $0.03

Tuesday, 23 May 2017 04:20pm EDT

May 23 (Reuters) - Aegean Marine Petroleum Network Inc :Aegean marine petroleum network inc. Announces first quarter 2017 financial results.Q1 earnings per share $0.03.Q1 revenue rose 102.5 percent to $1.5 billion.Q1 earnings per share view $0.36 -- Thomson Reuters I/B/E/S.

Shanghai Dasheng Agriculture Finance Technology Co says unit entered into guarantee agreement with Bank of Jiujiang

Tuesday, 23 May 2017 10:47am EDT

May 23 (Reuters) - Shanghai Dasheng Agriculture Finance Technology Co Ltd <1103.HK>::D.S Financial Holding, a direct wholly-owned subsidiary of company, entered into guarantee agreement with bank.Term of guarantee agreement will be one year.Deal in respect of revolving loan facilities to be granted by Bank of Jiujiang to business.D.S Financial to provide corporate guarantee for due performance of repayment obligations of business owners to bank of Jiujiang Co.Repayment obligations of business owners to bank of up to RMB300 million.

Zhejiang Haiyue to buy Tianjin Northern Petroleum for 1 bln yuan

Tuesday, 23 May 2017 07:17am EDT

May 23 (Reuters) - Zhejiang Haiyue Co Ltd <600387.SS>:Says it plans to buy tianjin northern petroleum for 1.04 billion yuan ($150.99 million) via share issue.

India's Andhra Petrochemicals March-qtr loss narrows

Tuesday, 23 May 2017 04:55am EDT

May 23 (Reuters) - Andhra Petrochemicals Ltd :March quarter net loss 25.7 million rupees versus loss 135.6 million rupees year ago.March quarter total income from operations 1.17 billion rupees versus 476 million rupees year ago.

Caltex Australia records sales from production of 525 ml in April

Monday, 22 May 2017 06:47pm EDT

May 23 (Reuters) - Caltex Australia Ltd :Sales from production in April 2017 of 525 ml were below prior month's produtcion of 534 ml.April unlagged CRM was US$15.74/bbl versus US$11.26/bbl in March.

PBF energy prices senior notes due 2025

Monday, 22 May 2017 05:14pm EDT

May 22 (Reuters) - PBF Energy Inc :Pbf energy announces pricing of $725 million of 7.25% senior notes due 2025.Pbf energy inc - pbf holding company llc priced $725 million in aggregate principal amount of 7.25% senior notes due 2025 in a private offering.Pbf energy inc - notes will be co-issued by pbf finance corporation, a wholly owned subsidiary of pbf holding.

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