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Sequa Petroleum N.V. Bonds and Business Development Update

1 hour ago DieselGasoil Comments Off on Sequa Petroleum N.V. Bonds and Business Development Update
As reported in press releases of Sequa Petroleum N.V.  (the “Company”) (14 November 2016, 17 March, 15 May and 14 November 2017, and 15 May and 14 November 2018), a number of potential defaults have occurred with respect to the Company’s USD 300,000,000 5.00 per cent Convertible Bonds due 2020 of which USD 204,400,000 in Read More

Nippon Life president says actively exploring M&A in U.S.

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TOKYO (Reuters) – Nippon Life Insurance Co is actively seeking mergers and acquisitions overseas, with a focus on the United States and Asia’s emerging economies, the president of Japan’s largest life insurer said on Monday. FILE PHOTO: Nippon Life Insurance’s upcoming president Hiroshi Shimizu speaks at a news conference in Tokyo, Japan January 25, 2018. Read More

Shawcor to Acquire ZCL Composites

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Purchase price of $10.00 per share, representing an aggregate equity value of $308 million Low double-digit adjusted EPS1 accretion to Shawcor in the first year post closing Financed with cash and new credit facility Expected closing early in the second quarter of 2019 TORONTO, Jan. 20, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (“Shawcor” or the Read More

German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report

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Berlin might face a lawsuit from one of Germany’s largest defense contractors, Rheinmetall, over its decision to halt all arms deals with Riyadh in the wake of the murder of Saudi journalist Jamal Khashoggi, Der Spiegel reports. Rheinmetall AG might file a claim for compensation against the federal government worth millions of euro, the company Read More

Granite Oil Corp. Announces Closing of Final Tranche of Private Placement

4 days ago DieselGasoil Comments Off on Granite Oil Corp. Announces Closing of Final Tranche of Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Jan. 18, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to announce that it has closed the second and final tranche of Read More

Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.

4 days ago DieselGasoil Comments Off on Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.
HOUSTON, Jan. 18, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it completed the sale of its equity interest in VTTI B.V. (“VTTI”) to Vitol Investment Partnership II Ltd and IFM Investors for cash proceeds of $975 million.  The proceeds from the sale will be used to pay down debt. Read More

CVR Refining Announces CVR Energy’s Exercise of Right to Purchase Common Units

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SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Refining, LP (NYSE: CVRR) (the “Partnership”) announced today that CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of the Partnership and an indirect Read More

CVR Energy Reports Exercise of Right to Purchase Common Units of CVR Refining

5 days ago DieselGasoil Comments Off on CVR Energy Reports Exercise of Right to Purchase Common Units of CVR Refining
SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that it has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of CVR Refining, LP (NYSE: CVRR) (the “Partnership”) and an indirect wholly Read More

Enphase Energy Appoints General Manager for Asia-Pacific Region

5 days ago DieselGasoil Comments Off on Enphase Energy Appoints General Manager for Asia-Pacific Region
MELBOURNE, Australia, Jan. 17, 2019 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, announced today that Wilf Johnston has been appointed general manager for the Asia-Pacific (APAC) region. He will oversee the development of new business opportunities in the region and the Read More

Husky Offer For MEG Expires Without Extension

5 days ago DieselGasoil Comments Off on Husky Offer For MEG Expires Without Extension
Offer expired January 16 with minimum tender condition not met Husky will not extend its offer given lack of MEG Board and shareholder support Company to focus on developing its deep portfolio of organic growth projects as set out at Investor Day on May 28, 2018 Potential divestment of Husky’s retail business and Prince George Read More