TJC的动态

The Sinco pipeline system and Colex terminal are key logistics assets that have played a critical role in moving oil products in the Houston area. https://ow.ly/IhYz50TbOjq #Houston #Shell #pipeline #acquisitions #oil #pipeline

Recently, Saudi Aramco announced it has signed a final agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Company from its joint venture partner, Sumitomo Chemical, for $702 million. Currently, both Saudi Aramco and Sumitomo Chemical each hold 37.5% of Rabigh Refining. Once the transaction is completed, Aramco will become the majority shareholder with approximately 60% ownership, while Sumitomo Chemical’s stake will decrease to 15%. The remaining 25% of Rabigh’s shares are listed on the Saudi Stock Exchange. The deal is subject to regulatory and third-party approvals. Saudi Aramco stated that the proceeds from Sumitomo Chemical will be injected into Rabigh through an agreed mechanism, expected to provide additional funds to improve Rabigh’s financial condition and support future strategic goals. Both companies have also agreed to waive $750 million in shareholder loans in phases, directly reducing Rabigh’s debt by $1.5 billion. These measures aim to enhance Rabigh’s balance sheet and cash flow as part of a broader remediation plan, which includes upgrading the joint venture’s refinery to boost profitability. The agreement aligns with Saudi Aramco’s downstream expansion plans and Sumitomo Chemical’s shift from general chemicals to specialty chemicals.

aramco to become majority shareholder in Petro Rabigh an integrated refining and petrochemical complex in Saudi Arabia To view article please click here: https://hubs.ly/Q02KVx_80 Does your company have news to share with the industry? Please contact: [email protected] and we will be happy to assist. #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news

HAMILTON, BERMUDA,?July 11, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update: ? For the second quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $49,100 per day, comprising of $52,700 per day for the Company’s VLCCs operating in the spot market and $36,400 per day for the Company’s VLCCs on time-charter. The estimated time charter equivalent earnings are based on 2,114 revenue days for the second quarter, of which 1,644 days are spot days. ? Thus far in the third quarter of 2024, 48% of the available spot days have been booked at an average rate of $45,600 per day on a discharge-to-discharge basis. 61% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $42,300 per day. ? In the second quarter of 2024, the Company entered into a one-year time charter contract with a refining company for DHT Europe, built 2007. The time charter contract has a rate of $49,500 per day and the vessel is intended to trade in the Atlantic basin, servicing a European refinery. ? As previously announced, the Company has entered into agreements to build four large VLCCs with originally expected delivery between April and December 2026. The expected delivery has been expedited, hence increasing revenue days in 2026. We expect the first vessel to be delivered in February, the second vessel in April, the third vessel in May and the fourth and final vessel is expected to be delivered in July 2026. https://lnkd.in/dxcN2Udd

Saudi Aramco to acquire majority stake in Petro Rabigh for $702m Energy giant Aramco is set to acquire an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Tokyo-based Sumitomo Chemical for $702 million. The move is part of Aramco’s strategy to expand its downstream operations and align with Sumitomo Chemical’s shift from commodity chemicals to specialty chemicals. Aramco will match Sumitomo’s $702 million investment, bringing the total financial injection to $1.4 billion to support Petro Rabigh’s future strategy. https://lnkd.in/eT_UkNBW

aramco to become majority shareholder in Petro Rabigh an integrated refining and petrochemical complex in Saudi Arabia To view article please click here: https://hubs.ly/Q02KVx_80 Does your company have news to share with the industry? Please contact: [email protected] and we will be happy to assist. #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news

Saudi Arabian Oil Co. (Aramco) is significantly increasing its stake in Rabigh Refining and Petrochemical Co. (Petro Rabigh) by acquiring an additional 22.5 percent from Sumitomo Chemical for $702 million. This move will boost Aramco's ownership to approximately 60 percent, making it the largest shareholder in the complex, while Sumitomo Chemical will retain a 15 percent stake. The transaction is priced at $1.86 per share and is part of a broader strategy to strengthen Petro Rabigh’s financial standing, which includes a $1.4 billion combined investment from both Aramco and Sumitomo Chemical to bolster the company’s balance sheet and liquidity. ? The deal also features a $1.5 billion reduction in Petro Rabigh's liabilities through a phased waiver of shareholder loans, aimed at improving its financial health and operational efficiency. Aramco’s investment aligns with its goal to enhance its downstream sector and integrate more closely with Petro Rabigh, while Sumitomo Chemical’s move supports its transition towards specialty chemicals. Both companies anticipate that this strategic realignment will facilitate Petro Rabigh’s turnaround and future growth, underscoring their commitment to navigating the evolving petrochemical and refining industries effectively. ? https://lnkd.in/g8pK-R6m

Reuters's recap of major O&G Deals since the start of the century: 2001 - Chevron buys Texaco in a $39.5 billion deal and emerges as one of the largest energy firms in the world. 2002 - Shareholders of Conoco and Phillips Petroleum, and the Federal Trade Commission approve an $18 billion merger between the companies and created the third-largest U.S. oil firm ConocoPhillips? 2005 - Chevron agrees to buy California rival Unocal for about $16.4 billion after fighting off Eni CNOOC and other rumored suitors 2006 - ConocoPhillips acquires Burlington Resources in a $35.6 billion deal and gains access to lucrative positions in North American gas-rich basins 2007 - Norway's Statoil buys the oil and gas assets of Norsk Hydro for $30 billion to create a new energy firm, Equinor? 2010 - Exxon Mobil acquires XTO Energy for about $30 billion in stock to bolster its position as a leading U.S. natural gas producer 2012 - Russia's state oil company Rosneft?buys TNK-BP from UK-based BP?in a $55 billion deal Kinder Morgan?finalizes a $21 billion deal to buy El Paso Corp, combining the two largest natural gas pipeline operators. 2014 - Kinder Morgan buys all of its publicly traded units (Kinder Morgan Energy Partners LP, Kinder Morgan Inc with Kinder Morgan Management and El Paso Pipeline Partners) in a $70 billion deal. 2015 - Shell (then Royal Dutch Shell) acquires British rival BG Group in a $70 billion deal 2018 - Marathon Petroleum?takes over rival Andeavor for $23 billion 2019 - Oxy?acquires?Anadarko Petroleum in a $38 billion deal 2020 - ConocoPhillips?buys Concho Resources for $9.7 billion in 2020's top shale deal Saudi Aramco?completes its purchase of a 70% stake in petrochemicals company Saudi Basic Industries for $69.1 billion PipeChina?takes over oil and gas pipelines, and storage facilities from PetroChina?and Sinopec in a deal valued at $55.9 billion. 2021 - Norway's?Aker BP?buys Sweden's Lundin Energy in a $13.9 billion cash and stock deal to form Norway's second largest listed oil firm. BHP Group?agrees to sell its petroleum business to Woodside in a merger to create an oil and gas producer worth $28 billion with growth assets in Australia and the Americas 2023 - Magellan Midstream Partners' unitholders vote in favor of its sale to larger rival ONEOK?for $18.8 billion, creating one of the largest U.S. energy pipeline companies. ExxonMobil agrees to buy Pioneer Natural Resources??in an all-stock deal valued at?$59.5 billion?that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production. Chevron agrees to buy smaller rival Hess Corp?in a?$53 billion?all-stock deal, putting the company head-to-head against rival ExxonMobil in two of the world's fastest growing oil basins - shale and Guyana #oilandgas #megadeals #mergersandacquisitions #mergers #growth #acquisition #energy #majors #production https://lnkd.in/d4XqwPHq

?? Major Milestone in Global Energy ?? Exciting news! Saudi Aramco has just signed a landmark Development Framework Agreement with China's Rongsheng Petrochemical and Hengli Group, marking a new chapter in international energy collaboration. This agreement follows an earlier pact, laying the groundwork for a joint venture in the Saudi Aramco Jubail Refinery Company (SASREF). ?? With Rongsheng potentially acquiring a 50% stake in SASREF, and Aramco likely to purchase a 50% stake in Rongsheng's Ningbo Zhongjin Petrochemical Co. Ltd. (ZJPC), both companies are paving the way for a liquids-to-chemicals expansion at the site. Moreover, Aramco's discussions with Hengli Group about acquiring a 10% stake in Hengli Petrochemical Co., Ltd. demonstrate a robust commitment to strengthening ties with China. "China is crucial in our global downstream growth strategy," remarked Mohammed Al Qahtani, Aramco Downstream President. ?? #EnergyRevolution #InternationalPartnership #SaudiAramcoChina

Aramco to become majority shareholder in #PetroRabigh, an integrated refining and petrochemical complex in Saudi Arabia - Aramco to acquire additional Petro Rabigh shares from Sumitomo Chemical - Companies agree mechanism to improve Petro Rabigh’s financial position and facilitate turnaround strategy Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”), the refining and petrochemical complex located on the Kingdom of Saudi Arabia’s west coast, from Sumitomo Chemical for $702 million. Aramco and Tokyo-headquartered Sumitomo Chemical currently each own 37.5% of shares in Petro Rabigh, which was listed on the Saudi Exchange in 2008. Upon completion of the transaction, which is priced at SAR7 per share, Aramco will become Petro Rabigh’s largest shareholder with an equity stake of approximately 60%, while #Sumitomo_Chemical will retain an equity stake of 15%. The transaction, which is subject to customary closing conditions including regulatory approvals and other third-party approvals, is part of a package of financial measures intended to reinforce Petro Rabigh’s financial position.... https://bit.ly/3WEK7Bo aramco #SaudiArabia #Business #OilGas #GCC #MiddleEast