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Moresco to merge with wholly owned subsidiary

Friday, 12 May 2017 04:02am EDT

May 12(Reuters) - Moresco Corp <5018.T>:Says it plans to merge with wholly owned subsidiary Moresco Service Co Ltd.Merger effective date on Sept. 1.Says Moresco Service will be dissolved after the transaction.

Showa Shell Sekiyu establishes split preparatory company

Friday, 12 May 2017 03:33am EDT

May 12 (Reuters) - Showa Shell Sekiyu KK <5002.T>:* Says it establishes Tokyo-based split preparatory company on May 12, to take over lubricating oil related business in 2017.* Says further details remains to be determined.

ExxonMobil to acquire Jurong Aromatics' plant in Singapore

Wednesday, 10 May 2017 11:00pm EDT

May 11 (Reuters) - Exxonmobil :ExxonMobil to acquire one of world's largest aromatics plants.Its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation PTE Ltd to acquire its plant located on Jurong Island in Singapore..Expects to complete transaction in second half of 2017.Deal will increase ExxonMobil's Singapore aromatics production to over 3.5 million tonnes per year, of which 1.8 million tonnes is paraxylene..

Z Energy Ltd posts FY net profit attributable of NZ$243 mln

Wednesday, 10 May 2017 04:36pm EDT

May 11 (Reuters) - Z Energy Ltd ::FY revenue from ordinary activities NZ$3.87 billion, up 54 percent.Final dividend 19.9 NZ cents per share.FY net profit attributable NZ$243 million, up 280 percent.Forecasts capital expenditure up to NZ$90 million for the 2018 financial year.Forecasting RC operating EBITDAF of between NZ$445 - NZ$475 million for the 2018 financial year."Biodiesel plant at Wiri, Auckland, is running 12 months behind the original schedule".

Exxon Mobil says underlying oil demand growth has been strong

Friday, 28 Apr 2017 10:55am EDT

April 28 (Reuters) - Exxon Mobil Corp :Says expects to spud first well on newly-aquired Permian basin acreage 'shortly'.Says it is current high bidder on 19 blocks in U.S. Gulf Of Mexico.Says it expects global liquefied natural gas demand will grow 250 percent by 2040.Says remains in full compliance with sanctions on Russia.Says underlying oil demand growth has been strong.Says still expects 2017 capital budget of $22 billion.Says liza 4 well in Guyana still being drilled, expects final investment decision on project by mid-year.Says recent dividend increase reflects board's confidence in efficiency of integrated business model.

Suncor looking at more opportunities for oil sands consolidation

Thursday, 27 Apr 2017 10:39am EDT

April 27 (Reuters) - Suncor Energy :CEO says continues to evaluate opportunities to consolidate in oil sands, but bar for acquisitions is high..Says cost of repairs at Syncrude oil sands plant to be relatively small for Suncor as covered by insurance..Says leak that led to fire at Syncrude plant was caused by freeze-thaw crack in a pipeline, a one-off event not expected to affect future reliability..CEO says does not see company's organic oil sands growth projects going ahead in next year or two..Says from May 2 company will be in the market buying its stock back as part of announced share buy-back plan..CEO says the exodus of big international companies from Canada's oil sands is not quite finished yet..CEO says could be some incredible opportunities for Suncor as big companies exit oil sands, not many potential buyers have Suncor's strong balance sheet..CEO says no major asset sales planned currently..CEO says sees low probability of Canadian energy being included in U.S. trade tariffs, but consequences would be serious for U.S. consumer..

Mitsuuroko Group Holdings says reorganization of shops and restaurants business

Thursday, 27 Apr 2017 03:15am EDT

April 27(Reuters) - Mitsuuroko Group Holdings Co Ltd <8131.T>:Says unit Mitsuuroko Provisions will set up a new unit in Tokyo, to take over Mitsuuroko Provisions's shops and restaurants business, since May.Says it will transfer wholly owned unit SWEETSTYLE to Mitsuuroko Provisions, since October.Details to be decided.

Marathon reports propylene unit shutdown at Texas City refinery

Thursday, 27 Apr 2017 01:01am EDT

April 27 (Reuters) - Marathon Petroleum Corp ::Marathon petroleum Texas City refinery reports propylene unit shutdown; related to the recently completed scheduled plant wide turnaround.Reports the Propylene unit is not operating properly since starting back up. So, the unit will need to be shut back down and then started back up.

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