Oil & Gas Refining and Marketing

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ERG SpA finalizes acquisition of project to construct 42MW wind farm in Poland

Tuesday, 22 Jul 2014 06:21am EDT

ERG SpA:Says it has completed the closing with Vortex Energy group for the acquisition of a 100 pct equity interest in EW Orneta 2, a Polish company holding all permits for the construction of a wind farm project in the Polish region of Radziejow.Says the wind farm is with a planned capacity of 42 MW and an electricity output, when fully operational, estimated at more than 100 GWh per year, corresponding to 2,400 equivalent hours and about 85 kt in avoided CO2 emissions.The construction of the wind farm will commence, as scheduled, in Aug. with a view to entering into operation by mid-2015.The total investment cost for implementation of the wind farm project is estimated at about 65 million euros, which already includes the sum payable for the company's enterprise value, amounting to around 7.2 million euros.

World Fuel Services Corp to acquire Colt International, LLC

Monday, 14 Jul 2014 08:00am EDT

World Fuel Services Corp:Signs definitive agreement to acquire Colt International, LLC for purchase price of about $63 mln.Purchase price will be funded through cash-on-hand and the company's existing credit facilities.

Unipetrol to take full control of CESKA RAFINERSKA

Wednesday, 2 Jul 2014 08:00pm EDT

Unipetrol as:will acquire 32.445 percent of shares of CESKA RAFINERSKA as from Eni International BV.acquisition price for the shares is 30 million euros.to date Unipetrol owns 67.555 percent of CESKA RAFINERSKA’s shares.acquisition will be completed by the end of 2014.CESKA RAFINERSKA as operates refineries in Litvinov and Kralupy, currently the only two running refineries in the Czech Republic.

NGL Energy Partners LP announces completion of acquisition of TransMontaigne GP and Related Assets

Wednesday, 2 Jul 2014 08:00am EDT

NGL Energy Partners LP:Says it has completed its acquisition from Morgan Stanley affiliates of TransMontaigne Inc., owner of TransMontaigne GP L.L.C., which is the general partner of TransMontaigne Partners L.P., master limited partnership which trades on the New York Stock Exchange under the symbol TLP and.Limited partnership interest of TransMontaigne Partners L.P. held by TransMontaigne Inc., amounting to about 17 pct of the outstanding units and.Limited partnership interest of TransMontaigne Partners L.P. held by affiliates of Morgan Stanley, amounting to approximately 3% of the outstanding units and.Certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The purchase of Morgan Stanley's energy business related to TransMontaigne was completed on a debt-free basis.For cash purchase price of $200 mln, including working capital, plus $347 mln for inventory transferred at the closing.Says transaction did not involve the sale or purchase of any of the LP units owned by the public.Connection with the acquisition, LCT Capital and UBS Investment Bank served as NGL's financial advisors and Winston & Strawn LLP served as NGL's legal counsel.

Rubis SCA completes acquisition of BP's LPG business in Portugal

Tuesday, 1 Jul 2014 11:45am EDT

Rubis SCA:Completes acquisition of BP's LPG business in Portugal.Acquisition price: 115 million euros.

Phillips 66 acquires specialty lubricants manufacturer

Monday, 23 Jun 2014 09:00am EDT

Phillips 66:Agreed to acquire Spectrum Corporation, a specialty lubricants company.Transaction is expected to close in the third quarter of 2014 following receipt of regulatory approvals.Terms of transaction are not being disclosed.

NGL Energy Partners LP signs purchase agreement to acquire TransMontaigne GP and Related Assets

Monday, 9 Jun 2014 08:00am EDT

NGL Energy Partners LP:Enters into definitive purchase agreement with affiliates of Morgan Stanley to acquire TransMontaigne Inc.Limited partnership units of TransMontaigne Partners L.P. held by Morgan Stanley, amounting to about 19.7 pct of outstanding units.Says to acquire certain entities associated with TransMontaigne business as well as related inventory and pipeline and other contract rights.Definitive agreement contemplates purchase of Morgan Stanley's energy business related to TransMontaigne on debt-free basis for cash purchase price of $200 mln.

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