Oil & Gas Refining and Marketing

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Pan Orient Energy Corp sells 50 pct in subsidiary Pan Orient Energy (Siam) Ltd to subsidiary of Sea Oil Public Company Limited

Thursday, 18 Dec 2014 09:51am EST

Pan Orient Energy Corp:Enters into an agreement for sale of a 50 pct equity interest in subsidiary Pan Orient Energy (Siam) Ltd. to a wholly owned subsidiary of Sea Oil Public Company Limited (Sea Oil), of Thailand, for a cash price of $42.5 mln.Pan Orient Energy (Siam) Ltd. holds Pan Orient's 100 pct interest in Concession L53/48 in Thailand.Transaction is anticipated to close on or about Jan. 12, 2015.

CST Brands Inc and CrossAmerica Partners LP announce acquisition of Landmark Stores; First Dropdown Transaction

Wednesday, 17 Dec 2014 08:00am EST

CST Brands Inc and CrossAmerica Partners LP:Says they have agreed to jointly purchase 22 convenience stores in San Antonio and Austin, Texas from Landmark Industries, the third combined acquisition in less than three months.CrossAmerica will be purchasing all of the 22 fee sites as well as certain wholesale fuel distribution assets for $43.5 mln.Says CST Brands will be purchasing the personal property, working capital and the convenience store operations for $20.2 mln.CrossAmerica has agreed to acquire 5 pct of the limited partner interests in CST Fuel Supply LP (CST's wholesale fuel supply business) for a total consideration of $50.4 mln effective Jan. 1, 2015.Says CST Brands will receive about 1.5 mln newly issued common units from CrossAmerica as consideration for this transaction.Says CrossAmerica's conflicts committee has approved the final allocation of the purchase price paid in the previously announced acquisition of Nice N Easy Grocery Shoppes and related franchise business.Says total consideration paid by CrossAmerica was reduced to $53.6 mln for the real property and wholesale fuel supply assets.Says total consideration paid by CST Brands for personal property, working capital, convenience store operations and franchise operations was adjusted to $24.4 mln.

Sunoco LP completes acquisition of Aloha Petroleum

Wednesday, 17 Dec 2014 06:00am EST

Sunoco LP:Completes previously announced acquisition of Honolulu, Hawaii-based Aloha Petroleum, Ltd.Total purchase price was about $240 mln, subject to a post-closing earn-out, certain closing adjustments and before transaction costs and expenses.

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.

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.

TonenGeneral Sekiyu KK to acquire business from subsidiary

Friday, 12 Dec 2014 02:15am EST

TonenGeneral Sekiyu KK:To acquire LP gas source sale business from a Tokyo-based subsidiary with amount of 2.5 billion yen on April 1, 2015.

Bangchak Petroleum PCL subsidiary announces purchase of shares in Galoc Production Company WLL

Thursday, 11 Dec 2014 08:08pm EST

Bangchak Petroleum PCL:Says Nido Petroleum Ltd, a subsidiary of the company, enters into a Sale and Purchase Agreement with Otto Energy Ltd (Otto) for acquiring 100 pct of shareholding of Galoc Production Co WLL (GPC) ,the holder of Otto’s 33 pct working interest in the Galoc oil field where located in Philippines.Under the terms of the SPA, Nido will pay Otto US$108 mln based on the value of GPC as at July 1.

CrossAmerica Partners LP announces acquisition of Erickson Oil Products, Inc

Wednesday, 10 Dec 2014 04:30pm EST

CrossAmerica Partners LP:Says it entered into definitive agreements to purchase all outstanding shares of Hudson, WI based Erickson Oil Products, Inc. and certain related assets for $85 million, subject to certain closing adjustments.Transaction is subject to customary closing conditions and is expected to close during first quarter of 2015.

Sprague Resources LP completes purchase of Kildair Service LP

Tuesday, 9 Dec 2014 06:30pm EST

Sprague Resources LP:Says that it has acquired all of the equity interests in Kildair Service Ltd. through the acquisition of the equity interests of Kildair's parent Sprague Canadian Properties LLC for total consideration of $175 million.Says which included $10 million in privately placed common units of Sprague Resources LP. Total consideration also included the retirement of third party and related party debt.


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