BP Restarts Platform Off Norway, Alon Partners Prices IPO: Energy Business Review

BP (NYSE:BP) restarts partial output from its Ula field platform lying off Norway following a shutdown that lasted more than two months which was subsequent to a hydrocarbon leak. The production platform is located at an interlinked three-facility complex which is as a hub for the nearby Tambar, Blane, and Oselvar fields.

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In a Tuesday press release, Alon USA Energy (NYSE: ALJ) said that its subsidiary Alon USA Partners (ALDW) has priced its initial public offering of 10 million common units that represent limited partner interests in Alon Partners at $16 per common unit. The common units are should commence trading on the New York Stock Exchange under the symbol “ALDW” on November 20th and it is anticipated that the offering will close on November 26th, subject to the usual conditions.

Delek Petroleum, which is based in Israel, has divested a 3.7 percent interest  in its American subsidiary Delek US Holdings (NYSE:DK) to an overseas financial institution for $57 million, according to the company on Tuesday. Subsequent to the sale, Delek Petroleum, a subsidiary of Israeli energy and insurance conglomerate Delek Group (DGRLY.PK), will continue to hold 53 percent of Delek US.

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