Oil & Gas Refining and Marketing

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KAMEI CORP lowers consolidated full-year outlook for FY 2015

Tuesday, 16 Dec 2014 02:30am EST

KAMEI CORP:Says the company lowered the consolidated full-year outlook for revenue to 560,000 million yen from 586,000 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 7,000 million yen from 8,150 million yen.Sees a decrease of ordinary profit forecast to 8,200 million yen from 9,650 million yen.Sees a decrease of net profit forecast to 1,700 million yen from 4,800 million yen.Sees a decrease of earnings per share to 50.26 yen from 141.91 yen.Comments the decreased price of petrochemical product, impact on automobile business following consumption tax rise and recording of deferred tax liability are the main reasons for the forecast.

Repsol SA reaches agreement to acquire Talisman Energy Inc.

Tuesday, 16 Dec 2014 01:47am EST

Repsol SA:Repsol agreed to purchase 100 pct of Canadian oil company Talisman Energy for $8.30 billion (6.64 billion euros) plus debt of $4.70 billion (3.76 billion euros).Transaction was approved by both Repsol and Talisman Energy.Repsol offers $8 (6.4 euros) per Talisman share.

Showa Shell Sekiyu to transfer LP gas import business to Cosmo Petroleum Gas

Tuesday, 16 Dec 2014 01:30am EST

Showa Shell Sekiyu KK:To transfer liquefied petroleum (LP) gas import business to Cosmo Petroleum Gas Co., Ltd., effective April 1, 2015.Subsidiary Enessance Holdings Co., Ltd. to transfer LP gas wholesale business to Cosmo Petroleum Gas.To hold 20,000 shares in Cosmo Petroleum Gas in exchange.Cosmo Petroleum Gas is currently a wholly owned subsidiary of Cosmo Oil Company, Limited.

Idemitsu Kosan to merge with wholly owned subsidiary

Tuesday, 16 Dec 2014 01:00am EST

Idemitsu Kosan Co Ltd:To merge with a wholly owned subsidiary Idemitsu Oil & Gas Co., Ltd., which has been engaged in research, exploration and development of oil resources, effective April 1, 2015.The company to be surviving company and Idemitsu Oil & Gas to be dissolved.

Sinanen Co Ltd announces reorganization

Monday, 15 Dec 2014 11:00pm EST

Sinanen Co Ltd:Announced scheme of transfer to holding structure.To transfer BtoC business to three wholly owned subsidiaries planned on April 1, 2015 and to transfer bicycle import and sales business to a wholly owned subsidiaries planned on April 1, 2015.And to transfer BtoB business planned on Oct. 1, 2015 to a new wholly owned subsidiary that to be established on early April 2015.To change company name on Oct. 1, 2015.A Saitama-based wholly owned subsidiary to merge with four wholly owned subsidiaries planned on April 1, 2015, and the Saitama-based wholly owned subsidiary to be survival company and other four subsidiaries to be dissolved after transaction.A Miyagi-based wholly owned subsidiary to merge with two wholly owned subsidiaries and a wholly owned sub-subsidiary planned on April 1, 2015, and the Miyagi-based wholly owned subsidiary to be survival company and other two subsidiaries and sub-subsidiary to be dissolved after transaction.An Osaka-based wholly owned subsidiary to merge with four wholly owned subsidiaries planned on April 1, 2015, and the Osaka-based wholly owned subsidiary to be survival company and other four subsidiaries to be dissolved after transaction.

Repsol SA says to propose purchase of Canadian Talisman Energy Inc.

Monday, 15 Dec 2014 09:26am EST

Repsol SA:Says to propose purchase of Canadian Talisman Energy Inc.

North-Star International gas station fined by regulator

Monday, 15 Dec 2014 03:27am EST

North-Star International Co Ltd:Says Luzhou gas station was fined T$200,000 by regulator, due to violation of Petroleum Administration Act for oil with lower fatty acid methyl ester (FAME).

PT Rukun Raharja Tbk appoints new president commissioner

Sunday, 14 Dec 2014 07:00pm EST

PT Rukun Raharja Tbk:Says it has appointed Boyke Wibowo Mukijat as the new President Commissioner, replacing Rudiantara, effective Dec. 11.

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