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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.
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.
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