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Exxon sells Japanese marketing

ExxonMobil has offloaded its refining division in a multi-billion dollar sale
Tags: Asia, Corporate News, ExxonMobil

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

Petroplus insolvency threatens jobs and supply

Swiss refining independent Petroplus has filed for insolvency, threatening European jobs and supply.
Tags: Corporate News, Europe

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

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

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

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

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

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

China growth to slow says economists

A new banking report puts forecasts China's growth below 8%.
Tags: China, Corporate News, Forecasts

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

Exxon to consolidate marketing

ExxonMobil is set to consolidate it fuels and lubes marketing divisions
Tags: Corporate News, ExxonMobil, Lubricants

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

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

Shell sells in Nigeria

Shell has sold two key mining blocks in Nigeria to local operators.
Tags: Africa, Corporate News, Shell

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

Prista buys stake in Chevron's Uzbek operation

Prista takes on UzTexaco stake to increase its lubes output.
Tags: Chevron, Corporate News, Eurasia, Europe

BYD faces even more job cuts

Car and battery maker suffers as debts mount
Tags: automotive industry, China, Corporate News, OEM and automotive

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

Chinese vehicle exports to Russia increase

Russian sales help boost flagging Chinese automakers
Tags: automotive industry, China, Corporate News, OEM and automotive

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

Shell sells Cameroon blocks

Shell has disposed of its share in Petcen to Sinopec.
Tags: Africa, China, China lubes news, Corporate News, Shell, Sinopec

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

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

Lubrizol to buy Chemtool

US chemical specialists to buy grease manufacturer by end of the year.
Tags: Corporate News, grease, Lubrizol, N America

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

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

Total Invests 30m Euros in Chinese Plant

French oil major to build new Tianjin plant.
Tags: China, China lubes news, Corporate News, Total

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

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

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

BP 'turning point' as asset sales increase

BP is extending its asset sales targets after announcing strong Q3 figures
Tags: BP, Corporate News

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

Cosan buys Exxon assets

Cosan extends its rights for Mobil brand sales in Latin America
Tags: bio lubes, Corporate News, ExxonMobil, S America

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

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

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

Daimler Foton deal gains NDRC approval

Joint venture signed for heavy truck production.
Tags: automotive industry, China, Corporate News, Daimler, OEM and automotive

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

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

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

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

Apache buys ExxonMobil's North Sea assets

Deal will hand over oil and gas operations in billion dollar deal.
Tags: Corporate News, Europe, ExxonMobil

Serbian lubes plant sees growth

A Serbian lubes factory has seen significant growth after becoming a state-owned operation
Tags: Corporate News, Europe, Lubricants

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

United set for buying spree

Cash-rich United Energy Group is on the lookout for potential purchases worldwide.
Tags: Asia, BP, China, Corporate News

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

Brenntag buys Multisol

Germany's Brenntag has bought UK-based chemicals distributor
Tags: Africa, Corporate News, Europe

Idemitsu expands US plant

Japanese lubes specialist set to expand US blending and storage operation.
Tags: Asia, Corporate News, Japan, Lubricants, N America

Lubrizol upgrades Indian lab

Lubrizol is set to refurbish its Mumbai laboratory
Tags: Corporate News, India, Lubrizol

Exxon sells in Malaysia

ExxonMobil has sold its downstream operations in Malaysia to a Philippines company.
Tags: Asia, Corporate News, ExxonMobil

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

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

Chinese overseas oil investments unprofitable

New report suggests that China's oil SOEs are making poor overseas investments.
Tags: China, Corporate News, Forecasts

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

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

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

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

Q2 generally good for oil majors

Q2 results mixed for the major oil and lubes producers.
Tags: Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell, Valvoline

Petrobras approves five year plan.

Brazil's Petrobras has approved a five year plan to include $220bn investments.
Tags: Brazil, Corporate News, Petrobras

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

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

BP recovery continues

BP's profits continue to rise as the company recovers from last year's Gulf spill.
Tags: BP, Corporate News, Forecasts

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

ConocoPhillips joins the split trend

ConocoPhillips is to split its refining and exploration units as the trend grows.
Tags: ConocoPhillips, Corporate News

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

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

Puma is new name in Zambia

Puma Energy launches Zambia division.
Tags: Africa, BP, Corporate News

Total renews Mazda link

Total will continue to supply OEM lubes to Mazda Europe.
Tags: automotive industry, Corporate News, Europe, Mazda, Total

Marathon spins off refining

Marathon Oil spins off its refining division to become fifth largest in US.
Tags: Corporate News, N America

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

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

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

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

Chrysler repays its debts

Chrysler repays its loans to Canada and the US ahead of schedule.
Tags: automotive industry, Chrysler, Corporate News, N America

Joy for LeTourneau

Joy Global acquires mining OEM LeTourneau from Rowan.
Tags: Corporate News, mining, N America

BP Sells Wytch Farm

BP sells its UK inshore operation to UK based Perenco.
Tags: BP, Corporate News, Europe

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

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

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

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

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

Lubrizol lift slightly in Q1

Lubrizol showed positive Q1 results despite bearing costs from the Hathaway takeover
Tags: Corporate News, Lubrizol, N America

Korean Group sets export record

SK Group has posted record exports during a positive Q1.
Tags: Asia, China, China lubes news, Corporate News

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

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

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

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

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

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

Essar buys Shell Stanlow

Essar Oil has bought Shell's Stanlow refinery in the UK
Tags: Corporate News, Europe, Shell

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

Lubrizol bought by Buffett

Warren Buffett has bought Lubrizol through his Berkshire Hathaway Corporation
Tags: Corporate News, Lubrizol, North America

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

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

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

Essar bids for Shell refineries

Indian group Essar is bidding for Shell refineries including Stanlow.
Tags: Corporate News, Europe, India, Shell

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

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

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

Chevron sells Spanish operations

Chevron has sold the majority of its Spanish operations to Cepsa.
Tags: Chevron, Corporate News, Europe

Shell and Exxon boost profits

Shell and ExxonMobil declare significant profit increases in their final results for 2010.
Tags: Corporate News, ExxonMobil, Shell

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

Chevron, Ashland and Conoco Q4 boost

Chevron, Ashland and Conoco all showed positive finishes to the financial year.
Tags: Chevron, ConocoPhillips, Corporate News, Valvoline

Schilling expands support

Schilling Robotics is expanding its ROV support centres
Tags: Asia, Corporate News, S America

WD-40 aims at industry

WD-40 is introducing a new industrial product range
Tags: Corporate News, Lubricants, WD-40

Liqui Moly set for growth

German additive specialist is aiming for significant global growth through exports
Tags: additives, Corporate News, Europe

Shell adds Canadian distributors

Shell has signed two new Alliance Distributors in separate Canadian provinces.
Tags: Corporate News, North America, Shell

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

BP to sell Upstream in Pakistan

BP is set to offload its Pakistan upstream operations to United Energy Group.
Tags: Asia, BP, Corporate News

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

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

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

Ausfuel buys Gull Petroleum

Western Australia's Gull Petroleum has been sold to Ausfuel, keeping the company in independent hands
Tags: Australasia, Corporate News

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

Repsol signs Asian lubes deal

Spain's Repsol has signed a five year distribtuion deal with UMW.
Tags: Asia, China, Corporate News, Lubricants, Repsol

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

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

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

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

CAT to buy mining manufacturer

Caterpiller is set to buy mining equipment maker Bacyrus in a multi-million dollar deal.
Tags: Corporate News, mining

Ashland sells distribution business

Ashland Inc has sold its global distribution business to TPG Capital.
Tags: Corporate News, N America, Valvoline

Chemtura completes turnaround

Chemtura posted strong Q3 figures as it finally exits bankruptcy
Tags: additives, Corporate News, N America

Fuchs strong in first nine months

Fuchs Q3 figures show strong growth through first nine months of 2010.
Tags: Corporate News, Europe, Fuchs, Lubricants

Good Q3 for Calumet

Specialist additives producer Calumet showed strong Q3 figures in line with the majority of the competition.
Tags: additives, Corporate News

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

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

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

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

WD-40 continues its growth

The household lubricants company continues to grow and predicts more.
Tags: Corporate News, North America, WD-40

Georgian Wissol to import Total lubes

Georgia's oil distributor, Wissol, signs an exclusive deal with Total.
Tags: Corporate News, Lubricants, Russia

Johnson Matthey buys Intercat

Johnson Matthey has agreed to buy the leading supplier of cracking additives.
Tags: additives, Corporate News, North America

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

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

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

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

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

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

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

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

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

Shell sells in Africa

Shell is set to sell its African retail and distribution business.
Tags: Africa, Corporate News, Shell

Cognis reports historic results

German chemicals specialist, Cognis, has reported record H1 results as business booms.
Tags: Corporate News, Europe

World to buy Western

World Fuel Services has agreed to buy the Western Petroleum Company.
Tags: Corporate News, North America

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

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

Fuchs acquires Shell food lubes

Fuchs has bought Shell's food lubricants business for an undisclosed sum.
Tags: Corporate News, Europe, Fuchs

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

Lubrizol in share buy-back

Lubrizol is set to repurchase 10% of its share capital.
Tags: Corporate News, Lubrizol

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

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

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

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

Mobil Australia sells retail business

Mobil Australia is selling its retail fuel business to supermarket chain 7-Eleven.
Tags: Australasia, Corporate News, ExxonMobil

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

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

Innospec moves into oilfield chemicals

Fuel additives and chemicals specialist sees oilfields as next growth area.
Tags: Corporate News, Innospec

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

Chevron restructure continues

Chevron continue its downstream restructure with further job losses.
Tags: Chevron, Corporate News, North America

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

Holly announces Q1 loss

Holly Corporation announced a first quarter loss for 2010, although revenues soared.
Tags: Corporate News, Holly, North America

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

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

Newmarket sales boost

Newmarket additive sales boosted the company's Q1 profits.
Tags: Corporate News, Newmarket, North America

Lubrizol eyes Cognis purchase

Lubrizol are considering the purchase of German rival Cognis.
Tags: Corporate News, Europe, Lubrizol

WD-40 profits lift

WD-40 reports a doubling of 2nd quarter profits.
Tags: Corporate News, WD-40

KenkolKobil profits up

Kenya's KenkolKobil announces 45% increase in profits
Tags: Africa, Corporate News, KenkolKobil

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