Corporate News


Generally poor results from oil majors in Q1 2015

Fuch sbucks the trend with overall positive figures for the first quarter of 2015.

Tags: BP, Chevron, ConocoPhillips, Corporate News, ExxonMobil, Fuchs, Lubes marketing, Phillips 66, Shell, Total

5th May, 2015        

Malaysian lubricants market sees exit of Petron Malaysia

Petron Malaysia has quit the lubes business to focus on fuel and gas

Tags: Asia, Corporate News, Lubes marketing, Lubricants

7th May, 2013        

Bids for Petroplus refinery rejected by French court

Bids by companies offering to take over the bankrupt refiner's site have been rejected. .

Tags: Corporate News, Europe, fracking, Lubes marketing, Middle East

3rd May, 2013        

Chery cuts multi-brand strategy

Chinese car maker drops subsidiary brand strategy

Tags: automotive industry, Chevrolet, China, Corporate News, OEM and automotive, OEM Equipment

23rd April, 2013        

FAW and GAC report heavy losses despite government contracts

China's major automakers fail to beat off competition in 2012 to post heavy losses.

Tags: automotive industry, China, Corporate News, Gazprom, OEM and automotive

23rd April, 2013        

China Auto and Hertz form partnership

Two of the world's largest vehicle rental companies are seeking an alliance

Tags: automotive industry, China, Corporate News, Helix, OEM and automotive

22nd April, 2013        

Ghosn delays China expansion plans

Nissan boss moves the targets for growth after tensions.

Tags: automotive industry, China, Corporate News, Japan, Nissan, OEM and automotive, OEM Equipment

22nd April, 2013        

Lufkin will be acquired by GE for nearly $3 billion

GE to buy oil pump maker Lufkin for nearly $3 billion

Tags: Corporate News, Europe, North America, OEM Equipment

18th April, 2013        

Lukoil will acquire Samara-Nafta

A 100% purchase signed by Lukoil for Samara-Nafta awaits final approval from the authorities.

Tags: Corporate News, Russia

8th April, 2013        

New General Manager of Lubricants at Phillips 66

Phillips 66 has appointed a new general manager of lubricants

Tags: Corporate News, Lubes marketing, North America, Phillips 66

29th March, 2013        

Rosneft is officially the world's biggest oil company

Russia's Rosneft has overtaken ExxonMobil to become the world's biggest oil company after sealing the TNK-BP deal.

Tags: Aramco, BP, Corporate News, Lubes marketing, Rosneft, Russia

29th March, 2013        

VW recalls 384,000 cars in China

Record numbers recalled after gearbox fault is identified.

Tags: automotive industry, China, Corporate News, OEM and automotive, OEM Equipment, Volkswagen

22nd March, 2013        

FAW to spend big on R&D

Chinese automaker to boost products output to keep up with market expansion

Tags: automotive industry, China, Corporate News, Forecasts

22nd March, 2013        

VW increases China production as Europe demand weakens

German automaker set to double production over next five years

Tags: China, Corporate News, OEM and automotive, Volkswagen

22nd March, 2013        

China’s oil majors to announce falling profits, say analysts

China's largest oil producers likely to be hit by combination of increased refining costs and fluctuating crude prices and show falling profits for 2012.

Tags: China, CNOOC, CNPC, Corporate News, Forecasts, Renault, Sinopec

22nd March, 2013        

India and China bid for stakes Mozambique's Rovuma

ONGC and Oil India have bid for a 20% stake in Mozambique's lucrative Rovuma oil & gas field, but China is also staking a claim

Tags: Africa, China, CNPC, Corporate News, India

21st March, 2013        

Hess to focus on exploration and production

Hess is the latest energy giant to join the list of split-ups as it offloads Hetco to focus on exploration and production

Tags: Africa, ConocoPhillips, Corporate News, Europe, North America

11th March, 2013        

New Record Earnings for Fuchs

Fuchs Petrolub AG set record earnings in 2012, with further ambitious targets for 2013.

Tags: Corporate News, Europe, Fuchs, Lubes marketing, Lubricants

11th March, 2013        

China vehicle sales and output explode in January

New vehicle sales and production still buoyant despite expanding used-car market.

Tags: automotive industry, China, Corporate News, Ford, GM, Holly, Nissan, OEM and automotive

22nd February, 2013        

PetroChina to buy share in Conoco Australia

Chinese oil major set to take a share in Australian exploration interests

Tags: Australia, China, China lubes news, ConocoPhillips, Corporate News, PetroChina

22nd February, 2013        

Out with the new, in with the old

China's used car market overtakes new vehicle sales in 2012.

Tags: China, Corporate News, OEM and automotive, OEM Equipment

21st February, 2013        

Cooperation between Rosneft and ExxonMobil Expands

Rosneft and ExxonMobil are using the 2011 Strategic Cooperation Agreement to expand their cooperation.

Tags: Corporate News, ExxonMobil, North America, Rosneft, Russia

21st February, 2013        

Michelin invests heavily in China

French tyre-maker opens new plant in Liaoning Province.

Tags: automotive industry, China, Corporate News, Europe, OEM and automotive

20th February, 2013        

Pang Da forecasts massive 2012 losses

Chinese automaker likely to be hit by more than 600m Yuan losses after being hit be Japanese boycott.

Tags: automotive industry, China, Corporate News, Forecasts, OEM and automotive, OEM Equipment

20th February, 2013        

Future solar energy deals for Total and Masdar?

Total is seeking a closer relationship with Masdar on future solar energy deals as Abu Dhabi plant nears completion.

Tags: Corporate News, Middle East, Total

1st February, 2013        

Houghton International sold for over $1 bn

Gulf Oil seals the deal for Houghton International

Tags: Corporate News, India, Lubes marketing, Lubricants, North America

1st February, 2013        

Terrorist attack in Algeria - details still sketchy

Details of the siege at the In Amenas gas facility are still being investigated after 37 overseas employees, including senior execs were killed.

Tags: Africa, BP, Corporate News, Europe, Gazprom, North America, Statoil

24th January, 2013        

Chinese car exports top 1m

Exports booming as China's car majors look abroad for business.

Tags: automotive industry, China, Corporate News, OEM and automotive

23rd January, 2013        

Japanese carmakers return to normal output in China

Major car manufacturers see production levels improve after being hit by protests.

Tags: Asia, automotive industry, China, Corporate News, Japan, Nissan, OEM and automotive, Toyota

23rd January, 2013        

China world’s largest automarket in 2012

China overtakes Europe as it tops the passenger vehicle sales table

Tags: BMW, China, Corporate News, Europe, OEM and automotive, Volkswagen

23rd January, 2013        

Investment programs revealed by Phillips and Chevron

Phillips 66 and Chevron plan 2013 capital budgets worth around $40bn, with Phillips 66 also announcing creation of an MLP.

Tags: Australia, Brazil, Chevron, China, Corporate News, Europe, Phillips 66, Russia

7th January, 2013        

Petrofac wins Aramco contracts

UK-based construction specialists win two project contracts worth more than $1bn

Tags: Corporate News, Europe, Middle East

4th January, 2013        

Pertamina reveals expansion plans

Indonesian oil major set to spend billions on projects including a new HQ

Tags: Asia, Corporate News

4th January, 2013        

Transocean pays for its part in Gulf Spill

Deepwater Horizon operator pleads guilty and pays the price for its part in the Gulf disaster

Tags: BP, Corporate News, North America

4th January, 2013        

Wanxiang to acquire A123 systems

Chinese group beats US Johnson to bankrupt battery-maker's assets at auction.

Tags: automotive industry, China, Corporate News, electric vehicles, North America, OEM and automotive

24th December, 2012        

BMW hits 1m sales as others boom in China

German automakers' sales reach new milestone with forecasts for similar figures over the next three years.

Tags: automotive industry, BMW, China, Corporate News, Europe, OEM and automotive

24th December, 2012        

Japanese car sales may be over the worst after sales languish

Japanese car sales are forecast to rally in China as cross-border tensions ease.

Tags: automotive industry, China, Corporate News, Forecasts, Toyota

24th December, 2012        

Taqa will buy BP package

BP to sell package to Taqa

Tags: BP, Corporate News, Europe, Middle East

8th December, 2012        

ConocoPhillips to sell Caspian interests

ConocoPhillipsis set to to sell its interest in the North Caspian Sea Production Sharing Agreement

Tags: ConocoPhillips, Corporate News, Eurasia, India

4th December, 2012        

Engineered Custom Lubricants (ECL) forms Euro subsidiary

ECL has announced the formation of a new subsidiary in Germany.

Tags: automotive industry, Corporate News, Germany, Lubricants

30th November, 2012        

Total sells Nigerian oil stake to Sinopec

French major sells stake in African oilfield to Chinese.

Tags: Africa, China, China lubes news, Corporate News, Europe, Sinopec, Total

26th November, 2012        

Shell plans Indonesian lubes plant

A tender process over the next few months will herald a new Shell blending plant in Indonesia.

Tags: Asia, Corporate News, Lubricants, Shell

26th November, 2012        

PetroChina Q3 net profits fall 33%

Company blames domestic tariffs and gas import losses

Tags: China, China lubes news, Corporate News, PetroChina

21st November, 2012        

Jaguar Land Rover Chery JV receives NDRC approval

Major Sino-European automotive venture is given government approval

Tags: automotive industry, China, Corporate News, Environment and Regulatory watch, Environment, regulatory and standards, test

21st November, 2012        

China's light vehicle sales pick up in Ocotber

Increased sales leave overseas competitors in the wake of domestic producers.

Tags: automotive industry, China, Corporate News, Nissan, OEM and automotive, Toyota

21st November, 2012        

Chery and Guangzhou Auto form partnership

Automakers form strategic alliance in Chinese industry first

Tags: automotive industry, Chevrolet, China, Corporate News, OEM and automotive

21st November, 2012        

Suzuki pulls out of US auto market.

Japanese car maker to quit the US after nearly thirty years of sales.

Tags: automotive industry, Corporate News, Japan, North America

15th November, 2012        

SK Plans IPO

SK Lubricants is looking to boost its cash reserves in one of South Korea's largest share sales.

Tags: Asia, Corporate News, Lubricants

8th November, 2012        

BP ahead of the rest in Q3

BP defied the analysts with strong Q3 results as most of the other oil majors see poor performance.

Tags: BP, Chevron, ConocoPhillips, Corporate News, Shell, Total

8th November, 2012        

Chemical groups suffer from second half slowdown

There were mixed results for additives and chemical companies in Q3 as the market shows signs of slowing.

Tags: Afton Chemical, Calumet, Corporate News, Fuchs

8th November, 2012        

Tough year for WD-40

Domestic lubes maker hit by currency issues and rising costs.

Tags: Corporate News, North America, WD-40

8th November, 2012        

VW may build another plant in China,

VW is planning a possible 14th car plant in China

Tags: automotive industry, China, Corporate News, Forecasts

25th October, 2012        

Chinese firm takes record stake in German truck maker

Shandong subsidiary takes on forklift maker.

Tags: China, Corporate News, Europe, OEM and automotive

25th October, 2012        

GB companies expand and acquire

Miller Oils opens an new R&D Centre as GB Oils seals Tincknell takeover.

Tags: Corporate News, Europe, Lubricants

10th October, 2012        

BP sells Malaysian interests

BP is set to dispose of its PTA operations to its Malaysian plant owner.

Tags: additives, Asia, BP, Corporate News

10th October, 2012        

Hindujas in the lead for Houghton

Gulf Oil is leading the bids for Houghton International.

Tags: Corporate News, India, Lubricants, N America

10th October, 2012        

Nexen bid clears hurdle

CNOOC's bid for Canada's Nexen has cleared a major legal hurdle on the way to completion.

Tags: China, Corporate News, Environment, regulatory and standards, North America, shale

10th October, 2012        

Exxon Mobil consolidates and expands US ops

Exxon is to expand its synth lubes production with expansion of its Baton Rouge operations, while closing other sites.

Tags: Corporate News, ExxonMobil, North America

9th October, 2012        

Lubetech seals deal with car maker

Malaysian lubes supplier to provide non-motor oil products to Perodua

Tags: Asia, automotive industry, Corporate News, Lubricants

9th October, 2012        

China's auto stockpiles fall

Summer production slow-down reduces dealer glut.

Tags: automotive industry, China, Corporate News, OEM and automotive

25th September, 2012        

NDRC approves Ford-Mazda split

Joint venture between US and Japanese car makers is positive for Ford.

Tags: automotive industry, China, Corporate News, Ford, Mazda, OEM and automotive

25th September, 2012        

Shaanxi Yanchang Petroleum considers IPO

Shale oil and gas producer reveals ambitious plans for the future.

Tags: China, Corporate News, Environment, regulatory and standards, shale

24th September, 2012        

Japanese automakers suffer in China

Anti-Japanese protests damage production at major car plants across China.

Tags: automotive industry, China, Corporate News, Japan, Mazda, Nissan, OEM and automotive, Toyota

24th September, 2012        

Heavy losses push Chinese refiners overseas

Sinopec and PetroChina look for overseas acquisition to offset losses

Tags: China, CNOOC, Corporate News, Forecasts, PetroChina, Sinopec

24th September, 2012        

Sinopec tops China's enterprise list for the 8th year

Sinopec is China's highest earning business again in 2011 with $402bn revenues

Tags: China, Corporate News, Forecasts, Sinopec

24th September, 2012        

Indian lubes producer heads for Europe

An Indian state-owned lubes producer is set to open it's first European plant to boost sales of the Veedol brand.

Tags: Corporate News, Europe, India, Lubes news

12th September, 2012        

Nigerian Conoil targets lubes revenue

Nigerian oil producer Conoil is planning a major investment aimed at stimulating domestic lubes sales.

Tags: Africa, Corporate News, Lubricants

12th September, 2012        

Idemitsu launches in Vietnam

Japanese oil producer continues its recovery with news of a lubes operation in Vietnam.

Tags: Asia, Corporate News, Lubricants

12th September, 2012        

Europe and Asia bids for refinery expansion

Saudi Aramco has received bids from Europe and Asia for expansion of its Yanbu refinery.

Tags: Asia, Corporate News, Europe, Middle East

12th September, 2012        

BP sells Gulf assets

BP is continuing towards its $38bn asset sales target with the latest disposal of Gulf fields.

Tags: BP, Corporate News, North America

11th September, 2012        

Easy loans to spur vehicle sales

China's car sales may receive a boost as many younger buyers turn to loans and credit financing

Tags: automotive industry, China, Corporate News, OEM and automotive

27th August, 2012        

CNOOC profits crash despite new oil finds

Chinese oil major suffers the after-effects of last year's oil spill despite recent positive exploration news.

Tags: China, China lubes news, CNOOC, ConocoPhillips, Corporate News

24th August, 2012        

China forecasts auto growth, but stockpiles continue to rise

The Second Half of 2012 is set for growth in China's auto market, but dealer inventories continue to expand.

Tags: automotive industry, China, Corporate News, Forecasts

22nd August, 2012        

CNOOC bid for Nexen lights political fire

CNOOC announced a massive bid for Canada's Nexen, which has led to a political backlash across North America

Tags: China, CNOOC, Corporate News, North America, shale

16th August, 2012        

UK independent's name will survive

Distributor Samuel Cooke will survive, at least in name after rescuer arrives.

Tags: Corporate News, Europe

16th August, 2012        

Chemical and downstream operations show strong Q2

Unlike the oil majors, the chemical and downstream specialists showed buoyant Q2 figures.

Tags: Afton Chemical, Calumet, Corporate News, Phillips 66, Valvoline

15th August, 2012        

BP takes biggest hit and sells Carson as majors slump in Q2

Oil majors show drop in Q2 profits with BP the hardest hit, while its asset sale continues with the Carson Refinery.

Tags: BP, Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell

15th August, 2012        

Ducati stays the same, says Audi boss

Ducati's new owners have pledged to keep the brand unchanged at a workforce meeting

Tags: automotive industry, Corporate News, Europe, Volkswagen

14th August, 2012        

Chinese carmakers step up efforts overseas

Geely and Chery boost overseas output in developing countries.

Tags: automotive industry, China, Corporate News, OEM and automotive

22nd July, 2012        

CNPC oil equity output booms in H1

PetroChina's parent company reports healthy growth in overseas output.

Tags: China, China lubes news, CNPC, Corporate News, Middle East, PetroChina

21st July, 2012        

Schlumberger acquires minority stake in Antonoil

Energy service provider buys into oilfield services company to strengthen China links

Tags: China, China lubes news, Corporate News

21st July, 2012        

China's automakers face serious consolidation

More than half of China's car brands may disappear within five years according to analysts

Tags: automotive industry, China, Corporate News, Ford, OEM and automotive, Volkswagen

21st July, 2012        

Fiat JV relaunches auto output in China

Third time lucky hope for Fiat production in the world's largest auto market.

Tags: automotive industry, China, Corporate News, Fiat, OEM and automotive

21st July, 2012        

Cove suitors extend bid battle

Shell and PTT continue bidding battle for Cove Energy

Tags: Africa, Asia, Corporate News, Shell

10th July, 2012        

Calumet and Cosan confirm deals as Evonik backs away

Calumet confirms Royal Purple deal, Cosan completes Comma purchase, but Evonik puts IPO on hold.

Tags: Calumet, Corporate News, Europe, North America

9th July, 2012        

VW merges with Porsche as global deliveries increase

VW has taken a controlling stake in Porsche as the German Group continues to grow its worldwide market

Tags: automotive industry, Corporate News, Porsche, Volkswagen

9th July, 2012        

Infiniti looks to China

Nissan moves its luxury brand HQ in Hong Kong

Tags: automotive industry, China, Corporate News, Forecasts, Nissan

25th June, 2012        

Calumet to buy Royal Purple

Lubes specialists Calumet is set to boost its lubes business with the purchase of Royal Purple

Tags: Calumet, Corporate News, North America

11th June, 2012        

TNK-BP venture close to disintegration

Rosneft could be in the market to buy BP's share of troubled Russian joint venture

Tags: BMW, Corporate News, Europe, Rosneft, Russia

11th June, 2012        

Cosan buys Comgas

Brazilian lubes distributor by the country's gas equivalent from UK's BG.

Tags: Brazil, Corporate News, Europe

11th June, 2012        

Saudis look to sell Fuchs JV stake as Germans invest in Australia

A Saudi group is looking to offload its stake in a JV with Fuchs Petrolub as the German company eyes investment in Australia

Tags: Corporate News, Europe, Fuchs, Middle East

11th June, 2012        

Korea's SK exports at record levels

Q1 figures from South Korea's SK Group show record export figures.

Tags: Asia, Corporate News

7th June, 2012        

ETP buys Sunoco

US Pipeline company boosts capacity with purchase of key oil distributor.

Tags: Corporate News, North America

7th June, 2012        

Chery requests approval for Jaguar Land Rover JV

Chinese automaker seeks permission to seal JV agreement and make initial investment in a new production plant.

Tags: automotive industry, China, Corporate News, OEM and automotive

29th May, 2012        

Chinese carmakers plan major increases

Chinese automakers are aiming for increased profitability in 2012 despite a poor 2011.

Tags: Africa, automotive industry, China, Corporate News, Forecasts, Great Wall

15th May, 2012        

Audi looking for 1.5m unit target as BMW plays catchup

Audi is looking to the China market to boost sales beyond 1.5m as BMW opens new dealerships to play catch-up.

Tags: automotive industry, China, Corporate News, OEM and automotive

15th May, 2012        

Porsche opens dealership in Inner Mongolia as A-M expands

More luxury car dealerships are springing up across China as Porsche and Aston Martin announce new locations

Tags: automotive industry, China, Corporate News, OEM and automotive, Porsche

14th May, 2012        

Afton and Fuchs post positives in Q1

Afton Chemical and Fuchs Petrolub show positive starts to the year.

Tags: Afton Chemical, Corporate News, Fuchs

9th May, 2012        

Shell and Chevron show Q1 improvements

Shell and Chevron both announced positive Q1 figures.

Tags: Chevron, Corporate News, Shell

4th May, 2012        

Phillips 66 begins trading as ConocoPhillips announces results

ConocoPhillips Board agrees spin-off and new company begins trading as Q1 results reveal a drop in profits and more Chinese compensation payments.

Tags: ConocoPhillips, Corporate News, North America, Phillips 66

2nd May, 2012        

BP and ExxonMobil profits drop in Q1

Downstream business struggles as BP finds trading hard going while ExxonMobil has the opposite experience.

Tags: BP, Corporate News, ExxonMobil

2nd May, 2012        

Audi buys Ducati

German car maker lands iconic Italian motorcycle brand

Tags: automotive industry, Corporate News, Europe

1st May, 2012        

Ashland results mixed as TNK-BP takes Valvoline to Russia

Valvoline and parent company Ashland reported mixed Q2 results as a deal is struck with TNK-BP to market lubes in Russia

Tags: Corporate News, North America, Russia, Valvoline

1st May, 2012        

Lubrizol aims at upgrades with capex

Lubrizol is aiming at significant expansion through increased capital expenditure in 2012 and 2013.

Tags: additives, China, Corporate News, Europe, Lubrizol, North America

1st May, 2012        

Joint ventures make progress in China

Geely and Guangzhou look to JVs to boost business.

Tags: automotive industry, China, Corporate News, OEM and automotive, Volvo

23rd April, 2012        

SAIC profits jump 67% and forecasts strong 2012

Chinese automaker SAIC sees 67% profit leap helped by VW joint venture and forecasts a good year to come.

Tags: automotive industry, China, Corporate News, Forecasts, Volkswagen

23rd April, 2012        

Chinese oil majors' profits up

Mixed results for CNOOC and Sinopec but both on upward path

Tags: China, China lubes news, CNOOC, Corporate News, Sinopec

23rd April, 2012        

Saudi firm expands presence in China

Petrochemicals giant to build multi-million dollar technology centre.

Tags: China, Corporate News, Middle East, OEM and automotive

20th April, 2012        

BYD and Pang Da profits plunge

Chinese car makers see profits nosedive after sales drop and Saab fallout takes its toll.

Tags: automotive industry, China, Corporate News, OEM and automotive

19th April, 2012        

Geely to focus on exports

Chinese automaker aiming to be the nation's largest vehicle exporter

Tags: automotive industry, China, Corporate News, Europe, OEM and automotive

19th April, 2012        

Exxon loses top spot to PetroChina

Exxon has been overtaken as the world's largest publicly traded oil producer by Chinese rival

Tags: China, China lubes news, Corporate News, ExxonMobil, North America, PetroChina

6th April, 2012        

Repsol helps UMW as Perodua signs Petronas

Malaysian distributor eyes significant sales revenue as Petronas links with country's automaker.

Tags: Asia, automotive industry, Corporate News, Petronas, Repsol

2nd April, 2012        

VW set record sales as Euro market slumps

Germany's VW continues its global rise, but ACEA's latest figures show a slump in total vehicle sales across Europe.

Tags: ACEA, automotive industry, Corporate News, Europe, Volkswagen

2nd April, 2012        

Heckmann buys Thermo as One Equity gains Sonneborn

VC deals see waste fuel and chemical companies change hands.

Tags: bio fuels, Corporate News, North America

1st April, 2012        

Jaguar Land Rover invests heavily in Chery JV

Iconic British brands to invest on hopes of government approval of joint deal.

Tags: automotive industry, China, Corporate News, India, OEM and automotive

28th March, 2012        

Global automakers hopeful for Chinese JVs

Fiat-Chrysler and Volvo seek Chinese partners despite policy limitations

Tags: automotive industry, China, Chrysler, Corporate News, Fiat, OEM and automotive, Volvo

28th March, 2012        

Chinese automakers perform poorly in 2011

Profit slumps blamed on weak domestic demand and market saturation

Tags: automotive industry, China, Corporate News, OEM and automotive

26th March, 2012        

Morgan Stanley buys $300m stake in Tianhe Chemicals

Private equity giant buys stake in Chinese lubes additive manufacturer.

Tags: additives, Asia, China, China lubes news, Corporate News

26th March, 2012        

Sinopec to acquire parent group's assets

Sinopec is set to buy upstream and gas assets from China Petrochemical Corporation.

Tags: China, China lubes news, Corporate News, Sinopec

26th March, 2012        

Chinese car sales may fall short in 2012

Growth predictions may prove optimistic for foreign and domestic car makers this year.

Tags: automotive industry, China, Corporate News, Forecasts

20th March, 2012        

Brazilian company buys UK business from Exxon

Brazil's largest ethanol exporter has bought and Exxon-owned UK oil and chemicals business.

Tags: Brazil, Corporate News, Europe, ExxonMobil

6th March, 2012        

Two doors close as others open for Shell and Petroplus

Shell is set to close blending and distribution operations but open a new blending plant and save a Petroplus refinery.

Tags: Corporate News, Europe, N America, Shell

6th March, 2012        

Total and Fuchs increase profits

France's Total and Germany's Fuchs Petrolub announce strong 2011 numbers after good Q4 finishes.

Tags: Corporate News, Europe, Fuchs, Total

1st March, 2012        

Busy time for BP as numbers show strength

BP delivered a strong finish to 2011 and is set to sell Global LPG bottling assets and US natural gas processing operations in Kansas.

Tags: Africa, Asia, BP, China, Corporate News, Europe, North America

1st March, 2012        

Volvo and Geely to establish joint venture

Volvo to increase vehicle production through new joint enterprise

Tags: automotive industry, China, Corporate News, OEM and automotive, Volvo

27th February, 2012        

Audi and Great Wall set sights high for 2012 sales

Two major suppliers to the Chinese vehicle market have set ambitious targets for the year.

Tags: automotive industry, China, Corporate News, Europe, Forecasts, Great Wall

27th February, 2012        

Ford builds third China plant

US car giant set to increase Chinese production by a third.

Tags: automotive industry, China, Corporate News, Ford, OEM and automotive

27th February, 2012        

Great Wall and Total sign co-op agreement

French lube producer signs a co-operation deal with China's largest SUV manufacturer.

Tags: automotive industry, China, China lubes news, Corporate News, Europe, Great Wall, motorsport, Total

27th February, 2012        

CNOOC aims to triple output by 2030

China's largest oil producer looking for a massive acceleration in output.

Tags: China, CNOOC, Corporate News, Forecasts

23rd February, 2012        

Renault and GM to step up production in central China

Two auto majors to use joint venture to expand Chinese-based manufacturing operations

Tags: automotive industry, China, Corporate News, GM, OEM and automotive, Renault

23rd February, 2012        

CNOOC sales growth slows

Slow revenue growth report for 2011 by China's oil major

Tags: China, China lubes news, CNOOC, Corporate News

23rd February, 2012        

January vehicle sales drop in China

A slowing economy and New Year celebrations have slowed the auto market in China.

Tags: automotive industry, China, Corporate News, Ford, OEM and automotive, Volkswagen

23rd February, 2012        

Indonesia's lubes producer looks to expand

Pertamina announces resources set aside for significant overseas expansion plans

Tags: additives, Asia, Corporate News

23rd February, 2012        

Record results for NewMarket, with positive year for Afton

Afton Chemical and parent company, NewMarket, saw a strong 2011 despite a decline in the final Quarter.

Tags: additives, Afton Chemical, Corporate News, Newmarket, North America

10th February, 2012        

Exxon sells Japanese marketing

ExxonMobil has offloaded its refining division in a multi-billion dollar sale

Tags: Asia, Corporate News, ExxonMobil

9th February, 2012        

China Auto Rental seeks US IPO

China's largest car rental company turns to North America to raise capital.

Tags: automotive industry, China, Corporate News, North America, OEM and automotive

27th January, 2012        

Petroplus insolvency threatens jobs and supply

Swiss refining independent Petroplus has filed for insolvency, threatening European jobs and supply.

Tags: Corporate News, Europe

25th January, 2012        

Fuchs gets busy in Turkey

Fuchs is using joint ventures to take a firm foothold in Turkey's lubricants market

Tags: Corporate News, Europe, Fuchs

23rd January, 2012        

China to limit foreign investment in auto sector

Overseas car makers are set to have their ambitions trimmed when it comes to investing in China's auto industry.

Tags: automotive industry, China, Corporate News, Ford, GM, OEM and automotive, Toyota, Volkswagen

23rd January, 2012        

Automakers to increase 2012 sales

Domestic and overseas car makers aim to defy slowing China market in 2012

Tags: automotive industry, China, Corporate News, OEM and automotive

23rd January, 2012        

Sinopec close to Middle East deals

China Petrochemical is set to clinch two major refinery deals in the Middle East.

Tags: Aramco, China, China lubes news, Corporate News, Sinopec

20th January, 2012        

Canada's Daylight sale completed

Daylight Energy's sale to Sinopec was sealed at the end of 2011.

Tags: China, CNOOC, Corporate News, N America, Sinopec

6th January, 2012        

Safety-Kleen brings blending in-house

US-based Safety-Kleen is to boost its blending capacity with a new plant

Tags: base oil, bio lubes, Corporate News, N America

6th January, 2012        

China growth to slow says economists

A new banking report puts forecasts China's growth below 8%.

Tags: China, Corporate News, Forecasts

3rd January, 2012        

Daimler seeks Chinese suitor

Car maker Daimler is looking for a Chinese investor to boost market share in domestic sales.

Tags: automotive industry, China, Corporate News, Daimler, Europe, OEM and automotive

27th December, 2011        

Exxon to consolidate marketing

ExxonMobil is set to consolidate it fuels and lubes marketing divisions

Tags: Corporate News, ExxonMobil, Lubricants

23rd December, 2011        

Saab finally goes under

Swedish car brand finally declared bankrupt despite last-ditch efforts to save it.

Tags: automotive industry, China, Corporate News, GM, OEM and automotive, Scandinavia

23rd December, 2011        

VW to build two more plants in China

VW takes total Chinese assembly plants to 13 by 2013.

Tags: automotive industry, China, Corporate News, OEM and automotive

19th December, 2011        

Shell sells in Nigeria

Shell has sold two key mining blocks in Nigeria to local operators.

Tags: Africa, Corporate News, Shell

8th December, 2011        

BP to sell Canadian NGL operations

BP is set to divest its Natural Gas Liquids operations to a Canadian operator

Tags: BP, Corporate News, N America

7th December, 2011        

Prista buys stake in Chevron's Uzbek operation

Prista takes on UzTexaco stake to increase its lubes output.

Tags: Chevron, Corporate News, Eurasia, Europe

2nd December, 2011        

BYD faces even more job cuts

Car and battery maker suffers as debts mount

Tags: automotive industry, China, Corporate News, OEM and automotive

23rd November, 2011        

Ashland sells synlubes and strengthens Cambodia

Ashland has sold part of its specialist synlubes operations and settled on a distributor in Cambodia.

Tags: additives, Asia, Corporate News, North America, Valvoline

21st November, 2011        

Chinese vehicle exports to Russia increase

Russian sales help boost flagging Chinese automakers

Tags: automotive industry, China, Corporate News, OEM and automotive

21st November, 2011        

Chemical giant seeks billion dollar Shanghai IPO

Sinochem is turning to the Shanghai market to raise massive fund injection.

Tags: China, Corporate News, Environment, regulatory and standards

16th November, 2011        

Shell sells Cameroon blocks

Shell has disposed of its share in Petcen to Sinopec.

Tags: Africa, China, China lubes news, Corporate News, Shell, Sinopec

16th November, 2011        

Brazilian Oil assets sold for $3.5bn

Sinopec buys stake in Brazilian deep sea oil blocks.

Tags: Brazil, China, China lubes news, Corporate News, S America, Sinopec

16th November, 2011        

BP Argentine deal collapses

The proposed sale of Pan American Energy to Bridas falls through and BP looks no further.

Tags: BP, CNOOC, Corporate News, S America

14th November, 2011        

Lubrizol to buy Chemtool

US chemical specialists to buy grease manufacturer by end of the year.

Tags: Corporate News, grease, Lubrizol, N America

14th November, 2011        

Oxea to build its first plant in China

Chemical specialist to produce oxo derivatives from South China factory.

Tags: China, China lubes news, Corporate News, Europe

14th November, 2011        

Jianghua to Double Brazil Sales by 2015

Automaker to push for Brazilian market as domestic sales drop.

Tags: automotive industry, Brazil, China, Corporate News, Forecasts

14th November, 2011        

Kia to build its third plant in China as Foton heads for India

South Korean carmaker to establish new factory in Jiangsu as truck manufacturer heads for India

Tags: automotive industry, China, Corporate News, India, OEM and automotive

14th November, 2011        

Total Invests 30m Euros in Chinese Plant

French oil major to build new Tianjin plant.

Tags: China, China lubes news, Corporate News, Total

14th November, 2011        

GM puts Saab on the brink

Chinese government's deal approval seemed like salvation for Swedish car maker, but GM proves otherwise.

Tags: automotive industry, China, Corporate News, OEM and automotive, Scandinavia

4th November, 2011        

Q3 figures generally good for oil majors

Shell, ExxonMobil and Chevron all revealed strong Q3 results, although ConocoPhilips saw a fall.

Tags: Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell

3rd November, 2011        

BP 'turning point' as asset sales increase

BP is extending its asset sales targets after announcing strong Q3 figures

Tags: BP, Corporate News

3rd November, 2011        

VW already ahead of 2010 by Q3

VW has overtaken last year's earnings with a quarter of 2011 still to go.

Tags: automotive industry, Corporate News, Europe, Volkswagen

3rd November, 2011        

Cosan buys Exxon assets

Cosan extends its rights for Mobil brand sales in Latin America

Tags: bio lubes, Corporate News, ExxonMobil, S America

27th October, 2011        

CNPC forecasts overseas growth

CNPC is looking to foreign resources to secure China's oil futures.

Tags: Australia, China, CNPC, Corporate News, Forecasts, N America, PetroChina

24th October, 2011        

Mixed profits for China automakers

A mixed third quarter for two of China's largest car makers.

Tags: automotive industry, China, Corporate News, Great Wall, OEM and automotive

24th October, 2011        

China Vehicle Sales Up in September

Pace accelerates on Chinese vehicle sales despite government restrictions.

Tags: automotive industry, China, Corporate News, Ford, General Motors, OEM and automotive, Volkswagen

20th October, 2011        

Daimler Foton deal gains NDRC approval

Joint venture signed for heavy truck production.

Tags: automotive industry, China, Corporate News, Daimler, OEM and automotive

20th October, 2011        

Angolan firm confident of return after fire

Sonangol is taking steps to return to business as usual after factory fire.

Tags: Africa, Corporate News, Lubricants

19th October, 2011        

BP stands firm on Iraq but coy on Macondo

BP says it won't negotiate on Rumaila Field contracts and is shy on Macondo legal deal.

Tags: BP, Corporate News, Middle East, North America

6th October, 2011        

Chevron sells in Namibia but Tullow delayed again in Uganda

Chevron set to sell its Namibian assets, but Tullow faces further delays to its proposed exploration sell-off.

Tags: Africa, Chevron, Corporate News

3rd October, 2011        

Apache buys ExxonMobil's North Sea assets

Deal will hand over oil and gas operations in billion dollar deal.

Tags: Corporate News, Europe, ExxonMobil

23rd September, 2011        

Serbian lubes plant sees growth

A Serbian lubes factory has seen significant growth after becoming a state-owned operation

Tags: Corporate News, Europe, Lubricants

23rd September, 2011        

Chinese car rentals hit top gear

The car rental market is flourishing and set to rise further by 2015 according to latest forecasts

Tags: automotive industry, China, Corporate News, Forecasts

22nd September, 2011        

China auto exports threaten global automakers

World's major car makers fear China expansion could cause cheap dumping.

Tags: automotive industry, China, Corporate News, Forecasts

21st September, 2011        

United set for buying spree

Cash-rich United Energy Group is on the lookout for potential purchases worldwide.

Tags: Asia, BP, China, Corporate News

14th September, 2011        

Saab clings on

Saab continues to fight closure thanks to a further cash injection while UK arm stays 'unaffected'.

Tags: automotive industry, China, Corporate News, Scandinavia

14th September, 2011        

Brenntag buys Multisol

Germany's Brenntag has bought UK-based chemicals distributor

Tags: Africa, Corporate News, Europe

14th September, 2011        

Idemitsu expands US plant

Japanese lubes specialist set to expand US blending and storage operation.

Tags: Asia, Corporate News, Japan, Lubricants, N America

14th September, 2011        

Lubrizol upgrades Indian lab

Lubrizol is set to refurbish its Mumbai laboratory

Tags: Corporate News, India, Lubrizol

8th September, 2011        

Exxon sells in Malaysia

ExxonMobil has sold its downstream operations in Malaysia to a Philippines company.

Tags: Asia, Corporate News, ExxonMobil

8th September, 2011        

Australia's AED in administration

Australia's AED Oil in administration after Puffin Oil field arbitration decision goes against them.

Tags: Asia, Australia, China, Corporate News

1st September, 2011        

Debt repayment is order of the day

Indian buyers freed up to repay Iran debts as Ghana looks to payment in kind to offset China loan.

Tags: Africa, China, Corporate News, India, Middle East

1st September, 2011        

Chinese overseas oil investments unprofitable

New report suggests that China's oil SOEs are making poor overseas investments.

Tags: China, Corporate News, Forecasts

23rd August, 2011        

Mixed results for Castrol India

A Q2 slip in profits, but half year shows marginal improvement for Castrol's India operations.

Tags: Castrol, Corporate News, India

22nd August, 2011        

TNK-BP bid for Polish refinery

The joint Russian-UK company has applied to buy a stake in Lotos.

Tags: BP, Corporate News, Europe, Russia

22nd August, 2011        

Nippon Oil and SK in joint venture

A new base oil and chemical refinery are being planned by JX Nippon Oil and SK Innovation as part of a new JV.

Tags: additives, Asia, base oil, Corporate News, Lubricants

22nd August, 2011        

Nissan China announces RMB50 billion expansion plan

Nissan's Chinese division plans to almost double annual sales within the next five years.

Tags: automotive industry, China, Corporate News, Nissan, OEM and automotive

21st August, 2011        

Q2 generally good for oil majors

Q2 results mixed for the major oil and lubes producers.

Tags: Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell, Valvoline

4th August, 2011        

Petrobras approves five year plan.

Brazil's Petrobras has approved a five year plan to include $220bn investments.

Tags: Brazil, Corporate News, Petrobras

4th August, 2011        

Lubrizol Q2 slip but R&D plans go ahead

Lubrizol's Q2 figures take a dip, but there are plans for a major R&D centre in China.

Tags: China, Corporate News, Lubrizol, North America, OEM and automotive

4th August, 2011        

OPTI Canada sold to CNOOC

Oil sands developer OPTI Canada is set for sale to CNOOC Luxembourg.

Tags: China, China lubes news, Corporate News, N America

27th July, 2011        

BP recovery continues

BP's profits continue to rise as the company recovers from last year's Gulf spill.

Tags: BP, Corporate News, Forecasts

27th July, 2011        

New York lubes producer devastated by fire

A New York based lubes producer has had its operations destroyed by a massive fire.

Tags: Corporate News, Lubricants, N America

26th July, 2011        

ConocoPhillips joins the split trend

ConocoPhillips is to split its refining and exploration units as the trend grows.

Tags: ConocoPhillips, Corporate News

15th July, 2011        

Lifan to set up auto plant in Brazil

Chongqing Lifan is to set up an auto production plant in Brazil.

Tags: automotive industry, Brazil, China, Corporate News, OEM and automotive

15th July, 2011        

PetroChina in JV deal for European refining

PetroChina has signed a joint venture agreement for refining operations in Scotland and France.

Tags: China, China lubes news, Corporate News, Europe, PetroChina

15th July, 2011        

Puma is new name in Zambia

Puma Energy launches Zambia division.

Tags: Africa, BP, Corporate News

11th July, 2011        

Total renews Mazda link

Total will continue to supply OEM lubes to Mazda Europe.

Tags: automotive industry, Corporate News, Europe, Mazda, Total

8th July, 2011        

Marathon spins off refining

Marathon Oil spins off its refining division to become fifth largest in US.

Tags: Corporate News, N America

8th July, 2011        

PetroChina takes Q1 hit

PetroChina reports significant losses for the start of 1011 but product sales keep it ahead.

Tags: China, China lubes news, Corporate News

16th June, 2011        

Saab back in business thanks to Pang Da and Youngman

Saab returns to production as normal after two Chinese companies take a stake

Tags: automotive industry, China, Corporate News, OEM and automotive, Scandinavia

16th June, 2011        

Volvo sales boosted by China

Volvo's global sales have been boosted by a buoyant Chinese market, along with Ford and Mercedes, but GM dips slightly.

Tags: Chevrolet, China, Corporate News, Ford, GM, OEM and automotive, Volvo

16th June, 2011        

Petsec to sell Chinese interests

Australia's Petsec is set to sell its Chinese assets to invest in US shale oil.

Tags: Australia, China, Corporate News, N America

9th June, 2011        

Chrysler repays its debts

Chrysler repays its loans to Canada and the US ahead of schedule.

Tags: automotive industry, Chrysler, Corporate News, N America

8th June, 2011        

Joy for LeTourneau

Joy Global acquires mining OEM LeTourneau from Rowan.

Tags: Corporate News, mining, N America

3rd June, 2011        

BP Sells Wytch Farm

BP sells its UK inshore operation to UK based Perenco.

Tags: BP, Corporate News, Europe

23rd May, 2011        

Saab finds another Chinese suitor

A third Chinese company has now stepped forward as a likely saviour of the Saab brand.

Tags: automotive industry, China, Corporate News, Europe, OEM and automotive, Scandinavia

18th May, 2011        

BP admits defeat in Rosneft deal

BP's Rosneft deal fails after the companies and AAR are unable to strike a deal over TNK-BP.

Tags: BP, Corporate News, Europe, Rosneft, Russia

18th May, 2011        

Automakers suffer Japanese losses but Nissan Q1 profits up

The auto industry continues a slow recovery after massive production losses following the earthquake but Nissan still posts a profit.

Tags: automotive industry, China, Corporate News, Japan, OEM and automotive

11th May, 2011        

Saab gets further Chinese boost

The Saab brand has received more finance from China, this time through Hawtai Motor Group.

Tags: automotive industry, China, Corporate News, OEM and automotive

11th May, 2011        

BAIC eyes significant expansion

China's BAIC is looking to break into the top ranks of the auto manufacturers in the next five years.

Tags: automotive industry, China, Corporate News, OEM and automotive

11th May, 2011        

Lubrizol lift slightly in Q1

Lubrizol showed positive Q1 results despite bearing costs from the Hathaway takeover

Tags: Corporate News, Lubrizol, N America

29th April, 2011        

Korean Group sets export record

SK Group has posted record exports during a positive Q1.

Tags: Asia, China, China lubes news, Corporate News

29th April, 2011        

NewMarket posts strong Q1 but mixed news for Ashland

NewMarket has reported a "terrific year" helped by strong results from its Afton Chemical subsidiary but Ashland saw Valvoline down despite recent launch in Pakistan.

Tags: Afton Chemical, Asia, Corporate News, N America, Newmarket

28th April, 2011        

Good start to 2011 for oil majors

Q1 results from Shell and Exxon show a good start to 2011 as does BP and it's Russian subsidiary TNK-BP

Tags: BP, China, Corporate News, Europe, ExxonMobil, N America, Russia, Shell

28th April, 2011        

Sinopec signs deal with Petrobras

China and Brazil's leading oil producers join forces in co-operation deal

Tags: China, Corporate News, OEM and automotive, S America

21st April, 2011        

MJL listing blocked as Calumet seeks funding

Mobil Jamuna Lubricants listing bid is blocked in Bangladesh as Calumet aims to raise funds with share sale in US

Tags: Asia, Corporate News, N America

14th April, 2011        

Total invests in Northern China plant

Total is to invest in a new lubes blending plant set to open in 2012.

Tags: China, Corporate News, Total

4th April, 2011        

Shell sells in Chile as Exxon divests in Central America

Shell sells the majority of its downstream Chilean business to Quinenco and Exxon is set to sell businesses across six countries.

Tags: Corporate News, ExxonMobil, S America, Shell

4th April, 2011        

Essar buys Shell Stanlow

Essar Oil has bought Shell's Stanlow refinery in the UK

Tags: Corporate News, Europe, Shell

31st March, 2011        

Oando and Univar plant investments

Nigeria's Oando and Sweden's Univar are planning major plant upgrades to help supply.

Tags: Africa, Corporate News, Lubricants, Scandinavia

25th March, 2011        

Lubrizol bought by Buffett

Warren Buffett has bought Lubrizol through his Berkshire Hathaway Corporation

Tags: Corporate News, Lubrizol, North America

17th March, 2011        

Pertamina to build lubes plant

Indonesia's Pertamina is set to invest in an Asian lubricants production plant

Tags: Africa, Asia, China, Corporate News, Japan, Lubricants

9th March, 2011        

BP looking for buyer of UK assets

BP is hoping to sell a number of UK onshore and offshore oil and gas fields.

Tags: BP, Corporate News, Europe

2nd March, 2011        

Fuchs & BASF celebrate strong 2010

Fuchs Petrolub saw a significant increase in revenues and BASF broke its sales records in 2010

Tags: Corporate News, Europe, Fuchs

2nd March, 2011        

Essar bids for Shell refineries

Indian group Essar is bidding for Shell refineries including Stanlow.

Tags: Corporate News, Europe, India, Shell

2nd March, 2011        

BP to sell Duckhams and Veedol brands

BP is looking for a buyer for it's historic Duckhams and Veedol brands.

Tags: BP, Corporate News, Europe, Lubricants

2nd March, 2011        

Abu Dhabi purchases Cepsa

Abu Dhabi's IPIC has bought Total's share of Cepsa to take 100% stake.

Tags: Corporate News, Middle East, Total

25th February, 2011        

Clariant to buy Sud-Chemie

Chemical group Clariant is to buy competitor Sud-Chemie as part of its restructuring process.

Tags: additives, Corporate News, Europe

22nd February, 2011        

Chevron sells Spanish operations

Chevron has sold the majority of its Spanish operations to Cepsa.

Tags: Chevron, Corporate News, Europe

11th February, 2011        

Shell and Exxon boost profits

Shell and ExxonMobil declare significant profit increases in their final results for 2010.

Tags: Corporate News, ExxonMobil, Shell

3rd February, 2011        

BP shows 2010 loss but restarts dividends

BP's latest figures showed a loss as a result of the Gulf oil spill, but has re-started dividend payments to shareholders.

Tags: BP, Corporate News

1st February, 2011        

Chevron, Ashland and Conoco Q4 boost

Chevron, Ashland and Conoco all showed positive finishes to the financial year.

Tags: Chevron, ConocoPhillips, Corporate News, Valvoline

31st January, 2011        

Schilling expands support

Schilling Robotics is expanding its ROV support centres

Tags: Asia, Corporate News, S America

31st January, 2011        

WD-40 aims at industry

WD-40 is introducing a new industrial product range

Tags: Corporate News, Lubricants, WD-40

24th January, 2011        

Liqui Moly set for growth

German additive specialist is aiming for significant global growth through exports

Tags: additives, Corporate News, Europe

24th January, 2011        

Shell adds Canadian distributors

Shell has signed two new Alliance Distributors in separate Canadian provinces.

Tags: Corporate News, North America, Shell

17th January, 2011        

SK to rename and spin-off units

SK Energy is to be renamed as SK Innovation and spin-off a number of key operations into stand-alone units.

Tags: Asia, Corporate News

5th January, 2011        

Quaker buys Summit and Sea-Land heads for Europe

Quaker Chemical Corp has acquired specialist grease maker Summit Lubricants, while Sea-Land Chemicals opens in Europe

Tags: Corporate News, grease, N America

5th January, 2011        

Lukoil benefits from Russian market; SOCAR expands in Azerbaijan

Russia's Lukoil benefitted from a strong domestic DIY and industrial lubes market in 2010, with SOCAR making the most of increased lubes demand in Azerbaijan.

Tags: Corporate News, Europe, Russia

5th January, 2011        

ITW to buy iconic Shell car care brands

Shell is set to sell iconic brands including Slick 50 to Illinois Tool Works.

Tags: automotive industry, Corporate News, North America, Shell

22nd December, 2010        

Ausfuel buys Gull Petroleum

Western Australia's Gull Petroleum has been sold to Ausfuel, keeping the company in independent hands

Tags: Australasia, Corporate News

22nd December, 2010        

Busy time for BASF

Chemical specialist BASF received good news from the EU over Cognis and is set to help Gazprom

Tags: BASF, Corporate News, Europe, Gazprom, Russia

22nd December, 2010        

Repsol signs Asian lubes deal

Spain's Repsol has signed a five year distribtuion deal with UMW.

Tags: Asia, China, Corporate News, Lubricants, Repsol

20th December, 2010        

BP to sell Upstream in Pakistan

BP is set to offload its Pakistan upstream operations to United Energy Group.

Tags: Asia, BP, Corporate News

20th December, 2010        

Caltex & Samsung to enter Chinese lubes market

GS Caltex and Samsung C&T are to join forces to push into China's rapidly growing lubes market.

Tags: Asia, China, Corporate News, Lubricants

29th November, 2010        

Shell sells in Gulf as Total buys in Gabon

Shell will sell six Gulf of Mexico fields, while Total revitalises its interests in Gabon.

Tags: Africa, Corporate News, North America, Shell, Total

26th November, 2010        

Statoil sells oil sands interests

Statoil has sold 40% of its Alberta oil sands project to PTT Exploration.

Tags: Asia, Corporate News, Europe, N America

26th November, 2010        

BP to sell in Africa; Chevron in Caribbean

BP is to sell five of its African marketing businesses, while Chevron sells marketing and aviation in the Caribbean and Central America.

Tags: Africa, Aviation, BP, Chevron, Corporate News

24th November, 2010        

CAT to buy mining manufacturer

Caterpiller is set to buy mining equipment maker Bacyrus in a multi-million dollar deal.

Tags: Corporate News, mining

24th November, 2010        

Ashland sells distribution business

Ashland Inc has sold its global distribution business to TPG Capital.

Tags: Corporate News, N America, Valvoline

17th November, 2010        

Chemtura completes turnaround

Chemtura posted strong Q3 figures as it finally exits bankruptcy

Tags: additives, Corporate News, N America

17th November, 2010        

Fuchs strong in first nine months

Fuchs Q3 figures show strong growth through first nine months of 2010.

Tags: Corporate News, Europe, Fuchs, Lubricants

17th November, 2010        

Good Q3 for Calumet

Specialist additives producer Calumet showed strong Q3 figures in line with the majority of the competition.

Tags: additives, Corporate News

17th November, 2010        

SK Energy offers window into challenges

A recent meeting with overseas energy companies gives an insight into the South Korean lubes producers' challenges.

Tags: Asia, Australasia, Corporate News, Lubes news, Lubricants

17th November, 2010        

OMV takes Petrol Ofisi from Dogan

Austria's OMV has taken its share in Turkey's Petrol Ofisi to 95% after its latest purchase.

Tags: Corporate News, Eurasia, Europe

1st November, 2010        

VW profits soar in Q3

Auto manufacturer, VW saw profits more than treble as it heads into the final quarter.

Tags: automotive industry, Corporate News, Europe, Volkswagen

25th October, 2010        

SKF Buys Lincoln Industrial

Engineering giant SKF has acquired US-based Lincoln Holdings to expand its lubricants systems business.

Tags: Corporate News, Lubricants, N America

25th October, 2010        

WD-40 continues its growth

The household lubricants company continues to grow and predicts more.

Tags: Corporate News, North America, WD-40

25th October, 2010        

Georgian Wissol to import Total lubes

Georgia's oil distributor, Wissol, signs an exclusive deal with Total.

Tags: Corporate News, Lubricants, Russia

22nd October, 2010        

Johnson Matthey buys Intercat

Johnson Matthey has agreed to buy the leading supplier of cracking additives.

Tags: additives, Corporate News, North America

12th October, 2010        

Mobil go public in Bangladesh

Mobil Jamuna is set for the a massive public share offering on the Bangladesh stock market.

Tags: Corporate News, India

12th October, 2010        

Chevron drills deep in UK as decomissioning costs revealed

Chevron gained permission to drill north of the Shetland Islands as a new report reveals the potential cost of North Sea decomissioning

Tags: Chevron, Corporate News, Europe

6th October, 2010        

Fuchs Half Year figures indicate Euro recovery

Fuchs' buoyant first half figures indicate increasing optimism in the European economy.

Tags: Corporate News, Europe, Fuchs, Lubricants

6th October, 2010        

Petronas Dagangan to supply Proton

Petronas in Malaysia announces an exclusive lubes supply deal with car maker Proton.

Tags: Asia, automotive industry, Corporate News, Petronas

27th September, 2010        

Balmer Lawrie plans auto lubes expansion

Kolkata-based Balmer Lawrie is investing in its auto lubricants business as it plans expansion

Tags: Corporate News, India, Lubricants

27th September, 2010        

Shell leads global lubes market again.

Shell have topped the global finished lubes market for the fourth consecutive year according to Kline.

Tags: BP, Corporate News, ExxonMobil, Lubes news, Shell

27th September, 2010        

Total to sell UK fuel stations

Total is set to sell its 500 UK forecourts with Russia's Gazprom in the frame.

Tags: Corporate News, Europe, Total

20th September, 2010        

Tide Water looks to acquire, but holds on to shares

India's Tide Water Oil is looking to expand its lubes business through acquisition, while the state will retain its shareholding.

Tags: Asia, Corporate News, India, Lubricants

6th September, 2010        

Sri Lanka's Laugfs to raise cash and build plant

Sri Lanka's Laugfs Holdings are set to raise millions of dollars through a share issue and plan to build a lubes plant.

Tags: Asia, Corporate News

6th September, 2010        

Shell sells in Africa

Shell is set to sell its African retail and distribution business.

Tags: Africa, Corporate News, Shell

1st September, 2010        

Cognis reports historic results

German chemicals specialist, Cognis, has reported record H1 results as business booms.

Tags: Corporate News, Europe

31st August, 2010        

World to buy Western

World Fuel Services has agreed to buy the Western Petroleum Company.

Tags: Corporate News, North America

25th August, 2010        

Shell aviation deal in UAE

Shell signs a new distribution deal for its aviation lubes in the United Arab Emirates.

Tags: Aviation, Corporate News, Lubricants, Shell

17th August, 2010        

BP wins spill battle but loses CEO

BP appears to have sealed the Macondo oil well in the Gulf of Mexico, but the distaster has cost the company it's CEO, Bob Hayward.

Tags: BP, Corporate News, Europe, N America

13th August, 2010        

Fuchs acquires Shell food lubes

Fuchs has bought Shell's food lubricants business for an undisclosed sum.

Tags: Corporate News, Europe, Fuchs

13th August, 2010        

Galana seals Madagascar deal

Galana has sealed a distribution deal with Engen for Madagascar - one of a number for the Galana group.

Tags: Africa, Aviation, Corporate News, Middle East

17th July, 2010        

Lubrizol in share buy-back

Lubrizol is set to repurchase 10% of its share capital.

Tags: Corporate News, Lubrizol

6th July, 2010        

Good and bad news for Toyota

First European-made hybrid rolls off Toyota line, but there are more recalls.

Tags: automotive industry, Corporate News, Toyota

1st July, 2010        

Kuwait boosts European market presence

Kuwait Petroleum International is expanding its European market presence, starting with expansion of its storage facilities.

Tags: Corporate News, Europe, Middle East, Q8

1st July, 2010        

GOIL Celebrates 50th birthday

Ghana's leading oil company celebrates its 50th Anniversary as environmental agencies warn of dangers of oil spills in Ghana.

Tags: Africa, Corporate News

25th June, 2010        

Chemtura moves away from bankruptcy

Lubes and additives producer, Chemtura, and its affiliates is stepping closer to an exit from bankruptcy

Tags: Corporate News, N America

25th June, 2010        

Mobil Australia sells retail business

Mobil Australia is selling its retail fuel business to supermarket chain 7-Eleven.

Tags: Australasia, Corporate News, ExxonMobil

8th June, 2010        

Hinduja to float Petromin shares

Hinduja Group is planning a public sale of 30% of Saudi-based Petromin.

Tags: Corporate News, India, Lubricants, Middle East

7th June, 2010        

Sinochem takes 40% stake in Statoil's Peregrino

Statoil has agreed the sale of a 40% stake in the Bazilian Peregrino field to Sinochem

Tags: Corporate News, S America, Statoil

27th May, 2010        

Innospec moves into oilfield chemicals

Fuel additives and chemicals specialist sees oilfields as next growth area.

Tags: Corporate News, Innospec

27th May, 2010        

Emirates subsidiary signs major fleet deal

EPPCO has signed an exclusive lubes supply deal with the Ilyas and Mustafa Galadari Group.

Tags: automotive industry, Corporate News, Lubricants, Middle East

21st May, 2010        

Chevron restructure continues

Chevron continue its downstream restructure with further job losses.

Tags: Chevron, Corporate News, North America

14th May, 2010        

Toyota and Kia have profitable years

Automakers Toyota and Kia both announced positive numbers despite Toyota's recall woes and global recession.

Tags: Asia, automotive industry, Corporate News, Toyota

12th May, 2010        

Holly announces Q1 loss

Holly Corporation announced a first quarter loss for 2010, although revenues soared.

Tags: Corporate News, Holly, North America

7th May, 2010        

Russian marines thwart tanker hijack

Russian marines overcame Somali pirates who had hijacked a tanker on its way from the Red Sea to China.

Tags: Africa, Corporate News, marine

6th May, 2010        

Majors see strong Q1

The major oil producers have reported a strong start to 2010 with significant improvements in Q1 earnings

Tags: BP, Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell

5th May, 2010        

Newmarket sales boost

Newmarket additive sales boosted the company's Q1 profits.

Tags: Corporate News, Newmarket, North America

28th April, 2010        

Lubrizol eyes Cognis purchase

Lubrizol are considering the purchase of German rival Cognis.

Tags: Corporate News, Europe, Lubrizol

28th April, 2010        

WD-40 profits lift

WD-40 reports a doubling of 2nd quarter profits.

Tags: Corporate News, WD-40

7th April, 2010        

KenkolKobil profits up

Kenya's KenkolKobil announces 45% increase in profits

Tags: Africa, Corporate News, KenkolKobil

7th April, 2010        

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