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C-Innovation Acquires Caltex Oil Tools to Expand Capabilities

2020-09-29 15:17:26| OGI

C-Innovation LLC (C-I), an aliate of Edison Chouest Offshore (ECO) and its family of companies, said Sept. 28 it has acquired the controlling interest in Caltex Oil Tools, a solution-focused company providing equipment rentals, services and customized engineering capabilities to the offshore industry.

Tags: tools expand oil capabilities

 

Caltex deal to cost less, save more, as margins rise at Z Energy

2015-09-23 11:00:24| Energy - Topix.net

Shares in petrol retailer Z Energy shot to an all time high on Wednesday after it said taking over Caltex owner Chevron would cost millions less and more could be saved than it expected. Z, part owned by the NZ Superannuation Fund, also said its own performance was substantially better than it signalled in May, enough to offset a major hit from a dispute with Customs over excise payments.

Tags: z save cost energy

 
 

Caltex buy will not inflate pump prices

2015-07-01 20:22:46| Oil & Gas - Topix.net

Z Energy, the listed service station chain, said its planned $785 million purchase of rival Chevron New Zealand's Caltex-branded network won't drive up prices at the pump because the target doesn't have retail price-setting power and the market will remain highly competitive. Z Energy makes the argument in its application to the Commerce Commission for clearance to buy the rival, a public version of which was published yesterday.

Tags: buy prices pump inflate

 

Chevron Concludes Sale Of Interest In Caltex Australia Ltd

2015-03-30 02:40:48| chemicalonline Home Page

Chevron Corporation recently announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$35.00. Chevron will receive the cash proceeds upon settlement on April 2, and reflect the gain in second quarter 2015 results

Tags: ltd sale interest australia

 

Caltex eyes franking credits as Chevron exits

2015-03-30 01:22:52| Energy - Topix.net

Chevron's decision to sell its 50 per cent stake in Caltex Australia will make it easier for the local fuel supplier to release franking credits to shareholders, Caltex chief financial officer Simon Hepworth says. Speaking after the $4.6 billion block sale, Caltex management sought to assure investors that the company's broader business strategy would be unchanged, despite the departure of its US-domiciled major shareholder, which has held its stake for 40 years.

Tags: eyes credits exits chevron

 

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