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Shell finalizes sale of Malaysian refinery

Royal Dutch Shell PLC has completed the sale of subsidiary Shell Overseas Holdings Ltd.’s majority interest in Shell Refining Co. (FOM) Bhd. (SRC) to Malaysia Hengyuan International Ltd. (MHIL), a subsidiary of China’s Shandong Hengyuan Petrochemical C…

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Delek US Holdings, Alon USA Energy to merge

Delek US Holdings Inc., Brentwood, Tenn., has entered a definitive agreement to buy all outstanding shares of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refi…

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Kasich vetoes bill with oil, gas property tax exemption expansion

Ohio Gov. John R. Kasich vetoed a state senate bill that included an expansion of the state’s exemption from the sales tax of tangible personal property tax directly used in the production of oil and gas that was retroactive to 2010. The Ohio Oil &…