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Rosneft increases its share in Bayernoil refinery

first_img Rosneft increases its share in Bayernoil refinery. (Credit: Frauke Feind from Pixabay.) Rosneft Deutschland GmbH, a subsidiary of PJSC Rosneft Oil Company, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft mbH from British BP. As result of this deal, Rosneft increased its shareholding to 28.57% from 25%.As a result of the deal the Company increased its share in the refinery capacity of the Bayernoil to almost 3 mtpa and strengthened its marketing presence both in one of the major German industrial regions, Bavaria, and in Austria.Rosneft Deutschland is one of the leading petroleum products wholesalers of the Free state of Bavaria, carrying out, among other things, deliveries of Alphabit, Rosneft’s proprietary polymer modified bitumen, as well as aviation fuel to Munich airport.Commenting on the deal closure Rosneft CEO Igor Sechin noted: “Since the beginning of asset management and oil product marketing activities in Germany in 2017, Rosneft is constantly growing its customer base. At the same time, the South of Germany and neighbouring countries are important regions of Rosneft’s business. Increasing share in Bayernoil refinery is a logical step that will contribute to further development of the Company’s business on European market”. Source: Company Press Release Rosneft Deutschland is one of the leading petroleum products wholesalers of the Free state of Bavarialast_img read more

Villanova Wins the National Title 77-74 Over North Carolina

first_imgFrank Faverzani with his sons Frank and MarkLocal Interest Highlighted NCAA Title GameOcean City was intimately connected to last night’s NCAA mens’ basketball championship game in Houston, won by Villanova 77-74 over North Carolina.Both sides were represented for the game at Houston’s Reliant Stadium. The Carlin family, who reside at Gardens Plaza were solidly behind Villanova — and for good reason.  Dan and Adele Carlin’s daughter Candice Kolins is a 2007 ‘Nova grad, and former varsity athlete.  The number one singles player on the Wildcats’ tennis team, Candice’s teammate was Leighann Reilly, the second singles player and daughter of Villanova head coach Jay Wright.“We’re all really excited and we think Villanova can do it,” Candice said prior to the game. “At the beginning of the season I thought they had the potential, and they have an awesome coach in Jay Wright.”The family’s other connection is that Dan and son-in-law Rob played in an Ocean City father-son tennis tournament against Jay Wright and his son. As a result, Dan and Adele and Candice and her husband Sean watched the game cheering for the Wildcats.  But it could have been more complicated.  “Sean got his MBA at Syracuse, so if they had won their (national semifinal game) it could have divided loyalties. But now that they are out, we’re all for Villanova.Jay Wright, center, with the Carlin Family.Jay Wright and his family spend their summers in Ocean City, Dan Carlin said. “Jay is a great guy and they are a really nice family.”Lest anyone think Ocean City was all in for Villanova, one need look no further than Ocean City High School, where junior field hockey star Julia Herrington has already committed to play her college hockey at the University of North Carolina.“I am wearing Carolina blue and taking a lot of kidding from my friends,” Julia said. “Villanova is a Philly team so most of our school is cheering for them. But UNC is an awesome school and I am proud that I am going to be going there and playing for them.”Herrington attended a field hockey camp at Carolina last summer, and after the Red Raiders won the South Jersey Group III and Cape Atlantic Championships, she was invited for an unofficial recruiting visit.“I loved it so much I decided to commit,” she said.Now Julia can enjoy her senior season next year by concentrating on playing and not recruiting.Ocean City was in the house at Houston, as well. Frank Faverzani, a Private Wealth Advisor, and his sons Frank and Mark attended Saturday’s semifinal contests as well as last night’s title clash.  He also supplied OCNJDaily with the exclusive photos in this story.Frank, a 1988 Villanova grad, was in Lexington Kentucky to witness the Wildcats’ last national championship, the famous win over Georgetown. He was shocked to see his alma mater put on a clinic and destroy Oklahoma by 44 points in this year’s national semi.“It was something to behold,” he said. “It was pretty incredible.  But I think tonight could be a battle of defense,” he said before the game.Villanova vs. North Carolina just before the game that will go down in history.last_img read more

The Great British Blog Off: Week 1

first_imgThink you could handle Mary Berry and Paul Hollywood’s technical challenges? British Baker has enlisted two professional bakers to examine every episode from this year’s The Great British Bake Off: Gerhard Jenne and Charlotte Green.Gerhard Jenne founded Konditor & Cook in 1993. During his apprenticeship as a konditor (pastry chef) in Munich, Gerhard developed a taste for fine and indulgent cakes, contrasting with an interest in healthy, savoury whole food.Charlotte Green is responsible for Langs of London. From the age of seventeen she began to work in commercial kitchens alongside her A Levels, teaching herself the science behind baking. She now runs her own bespoke cake company, producing a variety of cakes.Gerhard“Irrespective of looks, a cake should always deliver on taste.”This being the fourth series of The Great British Bake Off, the producers behind the programme have given us a baker’s dozen: 13 contestants. This increased the drama as there is the possibility that two bakers could leave in one of the episodes.By the end I felt two were definitely ready for the chop, but this being TV there are also rules – and the youngest one, Ruby, wasn’t going to fall at the first hurdle.Before it got this far, however, all 13 contestants had to deliver on three pretty steep challenges: Signature Sandwich, Mary Berry’s Angel Cake as the ’technical challenge’, and a no-holes barred chocolate cake creation.There was plenty that could go wrong, and the contestants had a messy time of it, but there was also an opportunity to shine.This year, I admit that I had a peak at the contestants’ bios beforehand and thought that Mark, the satellite engineer, might be the one to look out for. Precision and technical ability are positive traits in a baker, and he appeared to have plenty of both. It came to no surprise that he kept his cool and won the first round.Frances and Lucy impressed me with their imagination. The sandwich and squirrel cakes were fun, and the thyme and chocolate number showed courage and was pretty to look at too.Irrespective of looks a cake should always deliver on taste, and I have a feeling that Howard might impress us even more in future. I certainly fancied trying his gluten free sandwich, as well as his indulgent re-mastered Black Forest Cake – that’s if Mary and Paul didn’t gobble it all up!Charlotte“Most contestants overcomplicated their designs.”For their first ’signature bake’, judges Mary Berry and Paul Hollywood requested a British classic ‘with a twist’, testing technique, understanding of flavour combinations and basic presentation.A practiced recipe of the contestants’ own choosing should have been a breeze, but mistakes were made in this time-critical task, noticeably the use of deeply-filled pans requiring long, slow cooking.Mark’s failure to pre-heat resulted in raw cake, and Ruby cried over her curdled crème patissiere, having overheated the eggs. Glenn’s bulky strawberry cake was rightly labelled “awkward” but Beca’s grapefruit drizzle impressed, and Howard’s gluten-free recipe paid off, despite melted filling.The technical challenge tests baking knowledge by omitting instructions. This week’s fatless Angel Food Cake, leavened with beaten egg whites, was a clever choice, identifying those bakers whose repertoires exceed sponges.Whilst Ruby struggled with beating and folding, Christine, Kim and Ali disastrously greased their special tins. The batter must grip both the outside edge of the tin and the central tube in order to rise; greasing prevents this. Toby also sugared his tin, which would have worked, had he not accidently substituted salt for sugar. Mark cooled his cake with the largest, heaviest expanse of crumb at the top, causing it to collapse.The ’showstopper’ task was an elaborate chocolate cake with tempered chocolate decoration. This process of heating and cooling to form small, uniform cocoa butter crystals in the chocolate structure is notoriously tricky for beginners. Despite this, most contestants overcomplicated their designs, or attempted to work with large pieces beyond their skill level.Rob’s technique of using balloons to form chocolate raspberry bowls was simple but brilliant, combined with some obviously practiced, two-tone chocolate cigarellos. Ali’s chocolate was melted rather than tempered and the result was branded “childish”, whilst Toby, Deborah and Glen presented over-baked, flavourless cakes.Rob was deservedly declared this week’s Star Baker, whilst Toby, with his salt disaster and dry chocolate cake, was eliminated.Christine, Beca, Frances and Howard show promise, and it will be interesting to watch as they progress onto breadsticks and decorative loaves in next week’s episode.You can read Gerhard’s blog here.Follow Konditor & Cook on Twitter: @konditorandcookCharlotte’s personal blog can be found here.Follow Langs of London on Twitter: @LangsofLondonlast_img read more

Real Good Food buys up cake decoration firm

first_imgReal Good Food (RGF) has acquired a specialist supplier of cake decorating products for £4m.The food giant, which is a major distributor of sugar in the UK through its Napier Brown subsidiary, now owns Rainbow Dust Colours, a supplier of edible glitters, dusts, sprinkles and food paints to the sugar craft industry.The company will make a £4m buy-up of the business, with an additional cash consideration of up to £3.5m, in the form of an earn-out based on gross margin achieved in the 12 months after the acquisition.Founders of Rainbow Dust, Gary and Carol Brown, will join the RGF team, and it will continue to run as a standalone business within RGF.Pieter Totté, executive chairman, said: “The increasing popularity of cake decoration has become a global phenomenon. We are excited by the growth prospects which this market offers and we will look to build on the knowledge and expertise that both Renshaw and Rainbow Dust possess to become a world leader in the sector. This acquisition is the first of a number of initiatives designed to refocus our corporate strategy and deliver increased shareholder value.”The company also said the acquisition would have no effect on jobs at Rainbow Dust, although the headcount may increase in line with growth plans.For the 12 months to 31 July 2014, Rainbow Dust reported turnover of £3.3m and achieved a trading profit before tax of £1.7m.RGF also owns brands such as Whitworths Sugar, Renshaw and R&W Scott.last_img read more