Oil & Gas Refining and Marketing

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Saras SpA updates on Arcola incorporation

Wednesday, 10 Sep 2014 12:05pm EDT

Saras SpA:Says that it was stipulated the merger deed by incorporation of the company Arcola Petrolifera Srl in the company in Saras SpA, of which Arcola was a wholly owned subsidiary, according to the information previously disclosed in the press releases issued on Nov. 14, 2013, Dec. 11, 2013, Feb. 4 and 14.The merger deed will be filed in the register of companies of Cagliari, according to the terms and conditions prescribed by law.The merger will be effective as of Oct. 1 for statutory purposes, whereas the effective date will be Jan. 1 for accounting and tax purposes.

Showa Shell Sekiyu KK to transfer solar battery business-related properties to wholly owned subsidiary

Tuesday, 5 Aug 2014 02:30am EDT

Showa Shell Sekiyu KK:To transfer solar battery business-related research and development properties to wholly owned subsidiary Solar Frontier KK, effective Oct. 1.Says subsidiary to issue 159,633 shares to the company as compensation.

SK Gas to divest PDH business into new subsidiary

Wednesday, 23 Jul 2014 02:36am EDT

SK Gas Ltd:Says to divest its PDH business into a new wholly owned subsidiary, namely SK advanced Co., Ltd.SK advanced Co., Ltd will be engaged in import, transport, manufacturing and sale of propylene and related product.Division effective date of Sep. 12 and division registration date of Sep. 15.

Neste Oil Corp changes organization

Monday, 16 Jun 2014 02:00am EDT

Neste Oil Corp:Says it is to change its structure and organization, in response to developments that have taken place in its businesses and operating environment in recent years.Oil Products and Renewable Products businesses have been represented by one executive vice president on Neste Executive Board (NEB), but will be led by their own executive vice presidents in changed Neste Oil organization.Production functions of both businesses will also become direct responsibility of each business.Production & Logistics, which previously managed these activities, will cease existence as a separate organization.Logistics will be managed by Oil Products.These changes will not affect Neste Oil's reporting segments, which remain: Oil Products, Renewable Products, Oil Retail, and Others.Two new members have also been appointed to Neste Executive Board (NEB) as part of these changes and various changes have been made to responsibilities of some of the other members of NEB.All these changes will come into effect as of June 16, with exception of the change in leadership of Oil Retail, which will take place later.

Andhra Petrochemicals Ltd announces shut-down of plant at visakhapatnam

Monday, 26 May 2014 08:16am EDT

Andhra Petrochemicals Ltd:Says that the company’s Plant at Visakhapatnam has been shut-down from May 26, 2014 due to cheaper imports of the company's products, Oxo Alcohols.This appears to be a passing phase and operations are expected to be resumed shortly.As and when the Plant operations are resumed, the same will be intimated to the Exchange immediately.

China Petroleum & Chemical announces reorganization of sales business

Tuesday, 1 Apr 2014 08:00pm EDT

China Petroleum & Chemical Corp:Completed transfer of assets of oil sales business to a wholly owned sales subsidiary, as of April 2.

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