United States

Oil & Gas Refining and Marketing

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Rosneft head mulling strengthening presence in Mediterranean refining

Friday, 21 Oct 2016 02:00am EDT

In a letter in Italian newspaper Corriere della Sera on Friday Igor Sechin, chairman of Russian oil giant Rosneft, a shareholder of Italy's Saras, says: the companies (in the refining sector) located in the Mediterranean have significant potential precisely because of their geographical position . we are thinking of strengthening our presence in this market if our partners offer us mechanisms for improving the economic efficiency of the projects . we are very satisfied with our investments in the Italian refining sector (Reporting by Milan newsroom) ((stephen.jewkes@thomsonreuters.com; +39.0266129695; Reuters Messaging: stephen.jewkes.thomsonreuters.com@reuters.net)).

Suncor and MCFN announces agreement for equity partnership in East Tank Farm Development

Monday, 17 Oct 2016 06:19pm EDT

Suncor Energy Inc : Suncor and MCFN announce agreement for equity partnership in east tank farm development . Signing of a participation agreement for purchase by mcfn of a 14.7% interest in suncor's east tank farm development . MCFN's 14.7% share of actual capital cost of east tank farm development is currently anticipated to be approximately $147 million . Suncor will be operator of East Tank Farm Development once operational . combined equity interest by fort mckay first nation and mcfn in suncor's east tank farm development is 49% .Revenue from long-term terminaling services agreements with fort hills partners will underpin mcfn's independent financing of transaction.

Alon USA reports receipt of proposal to purchase its outstanding common stock

Monday, 17 Oct 2016 06:30am EDT

Alon Usa Energy Inc : Alon USA Energy, Inc. announces receipt of proposal to purchase its outstanding common stock . Alon announces receipt of proposal to purchase its outstanding common stock . Special committee intends to consider Delek's proposal and determine how to respond . Special committee has retained J.P. Morgan as its financial advisor .Alon - proposal from Delek US holdings was submitted to a committee of members of board of directors of Alon.

Avic Joy Holdings HK enters into share transfer agreement

Monday, 10 Oct 2016 07:50pm EDT

Avic Joy Holdings HK Ltd : Company entered into share transfer agreement with purchaser . Purchaser has conditionally agreed to purchase sale shares . Deal for HK$203.9 million .Purchaser agreed to assume obligations to repay debt in replacement of group such that purchaser shall become legal debtor to debt.

NGL Energy Partners announces the acquisition of Point Comfort terminal assets

Monday, 3 Oct 2016 05:00pm EDT

NGL Energy Partners Lp : NGL Energy Partners Lp announces the acquisition of point comfort terminal assets . Point comfort facility will have an initial truck receipt capacity of at least 30,000 barrels per day . Point comfort facility will have an initial marine loading capacity of up to 20,000 barrels per hour . Terminal can be expanded to meet future market demand . NGL Energy Partners Lp says expects terminal to be ready for commercial service in April of 2017 .

Sacyr says subscribes financial coverage for 1.36 pct stake in Repsol

Thursday, 29 Sep 2016 02:50pm EDT

Spain's Sacyr : Says has subscribed a financial coverage with an undisclosed financial entity for oil prices variation on 20 million shares it owns in Spanish oil major Repsol . Sacyr currently owns 8.38 percent of Repsol's share capital and the instrument subscribed covers a stake of around 1.36 percent . Sacyr says the deal eliminates the company's exposure to Repsol shares trading below a threshold of 10.7 euros per share while keeping an upside potential up to an undisclosed level. .Says will book 213 million euros ($238.71 million) from the transaction which it will use to pay down a 1.088 billion euros ($1.22 billion) loan linked to its Repsol stake..

Interoil shareholders approve Exxonmobil transaction

Wednesday, 21 Sep 2016 01:05pm EDT

Interoil Corp : Interoil shareholders overwhelmingly approve Exxonmobil transaction . Interoil Corp says shareholders approve Exxonmobil transaction . Of votes cast at special meeting, more than 80 percent were in favor of proposed transaction .Transaction is expected to close by end of september 2016.

India's Tata Motors signs agreement with Castrol

Wednesday, 21 Sep 2016 07:32am EDT

Tata Motors Ltd : Tata motors and Castrol sign new agreement to strengthen partnership Further company coverage: [TAMO.NS] ((ReutersIndia.snapping@thomsonreuters.com;)).

Westjet signs multi-year contract with suncor

Tuesday, 20 Sep 2016 06:00pm EDT

Westjet Airlines Ltd : Signs multi-year contract with suncor . Agreement will involve more than 100 weekly flights .Reached multi-year agreement as primary provider for Suncor Energy to fly employees and contractors to and from its oil sands operations in Northern Alberta.

Shandong Shengli scraps assets acquisition plan via share issue

Tuesday, 20 Sep 2016 05:38am EDT

Shandong Shengli Co Ltd <000407.SZ> :Says it scraps assets acquisition plan via share issue.


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