Caltex Star Mart retailers, customers, suppliers and employees collectively raised over US$420 000 for seriously ill children during a highly successful Wish Drive held in November last year. Following on from the success of the inaugural fundraising drive in 2013, the partnership between Caltex Australia and Make A Wish Australia saw over 400 stores around Australia raise much needed funds for the Children’s charity.
Delek Logistics Partners, LP has announced that subsidiaries of Delek Logistics have acquired, from subsidiaries of Delek US Holdings, Inc., a crude oil storage tank constructed last year adjacent to Delek US’ Tyler, Texas refinery and rail offloading racks constructed in 2012 adjacent to Delek US’ El Dorado, Arkansas refinery for a combined US$61.9 million in cash. Delek Logistics financed the purchase price for these assets through available cash and borrowings on its revolving credit facility.
GasLog Ltd has announced that it has successfully completed the acquisition of two LNG carriers from Methane Services Limited (MSL), a subsidiary of BG Group plc, which was previously announced on December 22 last year. This completes the third acquisition of ships from BG by GasLog in the last 12 months, with eight vessels acquired in total. The two ships will be chartered back to MSL for nine and 11 year initial terms. MSL has options to extend the term of the time charters for each vessel for three or five years at its election. The vessels were built in 2010 and are the Methane Becki Anne and Methane Julia Louise. Both have a cargo capacity of 170 000 m3 and have onboard reliquefaction plants, which enable the vessels to operate in a more fuel efficient manner at a greater range of speeds than would otherwise be achievable.
Honeywell Process Solutions (HPS) has announced the opening of the Honeywell Industrial Cyber Security Lab to advance its development and testing of new technologies and software to defend industrial facilities and operations such as refineries and manufacturing plants from cyber attacks. The new lab, located in Duluth, Georgia, includes a model of a complete process control network that Honeywell cyber security experts will leverage for proprietary research, hands on training, and to develop, test and certify industrial cyber security solutions. This lab will help accelerate development time of new cyber protection technologies and speed availability to customers.
Kinder Morgan, Inc. has announced a 50-50 joint venture with Keyera Corp. to build a new crude oil storage terminal in Edmonton, Alberta. The joint venture owners have entered into long term, firm take or pay agreements with strong, creditworthy customers to build 4.8 million bbls of crude oil storage at a new facility called the Base Line Terminal. KMI’s investment in the joint venture terminal is approximately CAN$342 million for an initial 12 tank build out, with commissioning expected to begin in the second half of 2017. Separately, KMI will invest up to an additional CAN$69 million outside the joint venture for connecting pipelines and related infrastructure for a total project investment of approximately CAN$411 million. The terminal is under development on land owned by Keyera and will be operated by Kinder Morgan.
The Supervisory Board of Samson Aktiengesellschaft has appointed Andreas Widl Chairman of the Executive Board as of 1 April 2015. Widl has been on the Board since 2013 and is responsible for sales, marketing and strategy. Widl holds a doctoral degree in physics. Before joining Samson he assumed lading positions at the Mannesmann Group and GE Capital.
Edited from press releases by Claira Lloyd
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