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Oil & Gas Refining and Marketing

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Total, Petrobras complete Lapa and Iara concessions deal

Monday, 15 Jan 2018 05:10am EST

Jan 15 (Reuters) - Total Sa /Petrobras::* Petrobras and Total finalize decisive milestone in the realization of their Strategic Alliance, signed in March 2017.* Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), Repsol-Sinopec (25%) and Petrobras (10%). The Lapa field was put in production in December 2016, via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO..* Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). .* Production in Iara expected to start in 2018 through the 150,000 barrel per day capacity P-68 FPSO in Berbigão-Sururu fields, which will be followed by a second FPSO in 2019 in the Atapu field..* The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.* Transactions give shape to the Strategic Alliance between Petrobras and Total, allowing them to combine their deep-offshore expertise.

Rubis ‍Secures Bitumen Supply Through Acquisition Of FCG​

Friday, 12 Jan 2018 11:35am EST

Jan 12 (Reuters) - Rubis Sca ::‍SECURES BITUMEN SUPPLY THROUGH ACQUISITION OF FCG​.

DCC Plc Says DCC LPG To Acquire TEGA In Germany

Thursday, 4 Jan 2018 02:00am EST

Jan 4 (Reuters) - DCC Plc ::DCC LPG HAS REACHED AGREEMENT WITH LINDE AG TO ACQUIRE TEGA-TECHNISCHE GASE UND GASETECHNIK GMBH, ITS LPG AND REFRIGERANT GAS DISTRIBUTION BUSINESS IN GERMANY​.‍TRANSACTION IS EXPECTED TO COMPLETE BEFORE END OF DCC'S FINANCIAL YEAR ENDING 31 MARCH 2018​.‍CONSIDERATION FOR TRANSACTION WILL BE PAYABLE IN CASH ON COMPLETION​.

DCC Plc ‍Completes Acquisition Of Shell LPG HK & Macau​

Wednesday, 3 Jan 2018 02:00am EST

Jan 3 (Reuters) - DCC Plc ::‍COMPLETES ACQUISITION OF SHELL LPG HK & MACAU​.

North Huajin Chemical Industries to buy chemical engineering firm from controlling shareholder

Friday, 29 Dec 2017 03:18am EST

Dec 29 (Reuters) - North Huajin Chemical Industries Co Ltd <000059.SZ> ::Says co plans to buy 100 percent stake in a chemical engineering firm from co's controlling shareholder, at price of about 9.2 million yuan .

Phoenix Petroleum Philippines Clarifies No On-Going Negotiation To Buy Kia Including Its PBA Team‍​

Thursday, 28 Dec 2017 10:57pm EST

Dec 29 (Reuters) - Phoenix Petroleum Philippines Inc ::REFERS TO PHILIPPINE DAILY INQUIRER ARTICLE; CLARIFIES NO SUCH ON-GOING NEGOTIATION TO BUY KIA INCLUDING ITS PBA TEAM‍​.

SHOWA SHELL SEKIYU to take over business from GYXIS

Tuesday, 19 Dec 2017 01:52am EST

Dec 19 (Reuters) - SHOWA SHELL SEKIYU KK <5002.T> ::Says it plans to take over Hekinan-based LPG depots operation business from GYXIS CORP, effective on July 1, 2018.Transaction amount is 3.12 billion yen .

San Miguel Corp Confirms That Unit Bought Equity Interests Of AES Phil & Gen Plus

Monday, 18 Dec 2017 09:16pm EST

Dec 19 (Reuters) - San Miguel Corp ::- CONFIRMS THAT UNIT EXECUTED SHARE & PURCHASE AGREEMENT TO BUY 51 PERCENT AND 49 PERCENT EQUITY INTERESTS OF AES PHIL AND GEN PLUS RESPECTIVELY.DEAL FOR $1.9 BLN‍​.

Eni completes sale of 25 pct stake in Mozambique gas project to Exxon

Wednesday, 13 Dec 2017 06:11am EST

Dec 13 (Reuters) - Italian oil major Eni says::COMPLETES SALE OF 25 PERCENT STAKE IN MOZAMBIQUE AREA 4 TO EXXON MOBIL FOR $2.8 BILLION.ORIGINAL DEAL SIGNED IN MARCH nL3N1GM3RT.

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