LONDON, May 8, 2017 /PRNewswire/ -- VTTI Energy Partners LP (NYSE: VTTI) (the "Partnership") announced today that it has entered into a definitive merger agreement with VTTI B.V. ("VTTI") pursuant to which VTTI will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of US$19.50 per common unit for an aggregate transaction value of approximately US$481 million.  The revised price represents an increase of US$0.75 when compared to the offer of [Read more]

LONDON, May 8, 2017 /PRNewswire/ -- The demand-supply imbalance in the oil & gas industry over the past couple of years has had far-reaching economic and geopolitical implications for the global market. The strong production in the North American and Russian markets led to an oversupply, which triggered a price crash and economic instability in the euro zone, geopolitical tensions in the Middle East and Africa region, and low demand in Asia-Pacific. Further, the low revenue inflow compelled oil [Read more]

YANGON, Myanmar, May 8, 2017 /PRNewswire/ -- Puma Energy Asia Sun (P.E.A.S), a joint venture between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon.      (Logo: http://mma.prnewswire.com/media/508348/Puma_Energy_Logo.jpg ) This USD92 million investment into the country's largest and most modern [Read more]

CALGARY, May 5, 2017 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA; NYSE: TAC) today reported first quarter 2017 comparable EBITDA(1) of $274 million, funds from operations ("FFO")(1) of $203 million, and free cash flow ("FCF")(1) of $98 million. Comparable EBITDA(1) decreased by $5 million compared to last year due to previous hedges rolling off and being replaced with lower priced hedges and as a result of higher mining costs. In addition, Energy Marketing was [Read more]

HOUSTON, May 5, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it has completed a private placement of $910,000 of Units consisting of shares of 12.0% Series B Convertible Preferred Stock and Warrants. Funds from the offering will be used primarily to pay Houston American's share of drilling costs on the Johnson State #1H well in Reeves County, Texas, with excess funds being added to working capital. John P. Boylan, CEO and President of Houston [Read more]