Oil & Gas Refining and Marketing

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ERG SpA unit acquires Hydro Inwestycje in Poland

Friday, 23 Jan 2015 11:44am EST

ERG SpA:ERG Renew SpA signs an agreement with PAI (PAI Polish Alternative Investments RES) group to purchase a 100 pct stake in Hydro Inwestycje.Hydro Inwestycje is a Polish company authorized to implement a wind farm project in Poland, in the municipalities of Szydlowo and Stupsk.Wind farm project has planned capacity of 14 MW and an electricity output, when fully operational, estimated at more than 36 GWh per year, corresponding to 2,600 equivalent hours and about 30 kt in avoided CO2 emissions.ERG Renew expects to commence construction of the wind farm in the second quarter of 2015 with a view to coming on stream by the end of the year.The total investment cost for implementation of the wind farm project is estimated at about 23 million euros, which already includes the payment for the company's enterprise value, amounting to around 2.1 million euros.The closing is scheduled to take place by the end of February.

Global Partners LP acquires Boston Harbor Terminal from Global Petroleum Corp

Tuesday, 20 Jan 2015 08:30am EST

Global Partners LP:Announced that it has acquired a terminal in Boston Harbor from Global Petroleum Corp. (GPC), a privately held affiliated company, for total consideration of $23.65 million, subject to customary post-closing adjustments.

Global Partners completes acquisition of Warren Equities

Thursday, 8 Jan 2015 08:30am EST

Global Partners LP:Completes the acquisition of independent petroleum marketer Warren Equities, Inc. from The Warren Alpert Foundation.The acquisition includes 147 company-operated Xtra Mart convenience stores and related fuel operations, 53 commission agent locations and fuel supply rights for about 320 dealers.The acquired properties are located in Massachusetts, Connecticut, Maine, New Hampshire, New York, Rhode Island, New Jersey, Pennsylvania, Maryland and Virginia.The purchase price, subject to post-closing adjustments, was about $387 mln, including working capital.

Meidu Holding completes oil field acquisition

Monday, 5 Jan 2015 07:00pm EST

Meidu Holding Co Ltd:Wholly owned subsidiary MD America Energy LLC has completed acquisition of Manti oil field, from Manti Equity Partners, LP and WM Operating, LLC.Transaction price of $141 million.

AP Oil International Ltd completes proposed acquisition of 60 pct of the issued and paid-up share capital in Heptalink Chemicals Pte Ltd

Friday, 2 Jan 2015 04:29am EST

AP Oil International Ltd:Says the conditions precedent to the sale and purchase agreement entered into between the vendors and the company on Dec. 10, 2014 have all been fulfilled and/or waived.On Jan. 1, the acquisition was completed.

Renewable Energy Group closes acquisition of majority stake in Germany's Petrotec AG Biodiesel

Monday, 29 Dec 2014 04:01pm EST

Renewable Energy Group:Says its wholly-owned subsidiary has completed the acquisition of IC Green Energy's (ICG) majority equity ownership position in German biodiesel producer Petrotec AG.REG European Holdings B.V. purchased ICG's 69 pct equity ownership in Petrotec AG for $20.9 mln, or $1.235 per share, paid in 2,070,538 newly-issued REG shares.REG subsidiary also purchased ICG's loan to Petrotec AG in the amount of about $15.4 mln.REG European Holdings B.V. intends to make a cash tender offer in the next several weeks for all other Petrotec shares at a price no less than the value per share received by ICG.

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.

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