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Chevron overtakes Shell amidst Q1 reports

7th May, 2013
Oil majors release Q1 reports
Tags: Chevron, ConocoPhillips, Corporate News, ExxonMobil, Fuchs, OATS, Phillips 66, Shell, Total

Malaysian lubricants market sees exit of Petron Malaysia

7th May, 2013
Petron Malaysia has quit the lubes business to focus on fuel and gas
Tags: Asia, Corporate News, Lubricants

Bids for Petroplus refinery rejected by French court

3rd May, 2013
Bids by companies offering to take over the bankrupt refiner's site have been rejected. .
Tags: Corporate News, Europe, fracking, Middle East

Lufkin will be acquired by GE for nearly $3 billion

18th April, 2013
GE to buy oil pump maker Lufkin for nearly $3 billion
Tags: Corporate News, Europe, North America

Chery cuts multi-brand strategy

23rd April, 2013
Chinese car maker drops subsidiary brand strategy
Tags: automotive industry, Chevrolet, China, Corporate News, OEM and automotive

FAW and GAC report heavy losses despite government contracts

23rd April, 2013
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

China Auto and Hertz form partnership

22nd April, 2013
Two of the world's largest vehicle rental companies are seeking an alliance
Tags: automotive industry, China, Corporate News, Helix, OEM and automotive

Ghosn delays China expansion plans

22nd April, 2013
Nissan boss moves the targets for growth after tensions.
Tags: automotive industry, China, Corporate News, Japan, Nissan, OEM and automotive

Lukoil will acquire Samara-Nafta

8th April, 2013
A 100% purchase signed by Lukoil for Samara-Nafta awaits final approval from the authorities.
Tags: Corporate News, Russia

New General Manager of Lubricants at Phillips 66

29th March, 2013
Phillips 66 has appointed a new general manager of lubricants
Tags: Corporate News, North America, Phillips 66

Rosneft is officially the world's biggest oil company

29th March, 2013
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, Rosneft, Russia

India and China bid for stakes Mozambique's Rovuma

21st March, 2013
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

VW recalls 384,000 cars in China

22nd March, 2013
Record numbers recalled after gearbox fault is identified.
Tags: automotive industry, China, Corporate News, OEM and automotive, Volkswagen

FAW to spend big on R&D

22nd March, 2013
Chinese automaker to boost products output to keep up with market expansion
Tags: automotive industry, China, Corporate News, Forecasts

VW increases China production as Europe demand weakens

22nd March, 2013
German automaker set to double production over next five years
Tags: China, Corporate News, OEM and automotive, Volkswagen

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

22nd March, 2013
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

Hess to focus on exploration and production

11th March, 2013
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

New Record Earnings for Fuchs

11th March, 2013
Fuchs Petrolub AG set record earnings in 2012, with further ambitious targets for 2013.
Tags: Corporate News, Europe, Fuchs, Lubricants

Cooperation between Rosneft and ExxonMobil Expands

21st February, 2013
Rosneft and ExxonMobil are using the 2011 Strategic Cooperation Agreement to expand their cooperation.
Tags: Corporate News, ExxonMobil, North America, Rosneft, Russia

China vehicle sales and output explode in January

22nd February, 2013
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

PetroChina to buy share in Conoco Australia

22nd February, 2013
Chinese oil major set to take a share in Australian exploration interests
Tags: Australia, China, China lubes news, ConocoPhillips, Corporate News, PetroChina

Out with the new, in with the old

21st February, 2013
China's used car market overtakes new vehicle sales in 2012.
Tags: China, Corporate News, OEM and automotive

Michelin invests heavily in China

20th February, 2013
French tyre-maker opens new plant in Liaoning Province.
Tags: automotive industry, China, Corporate News, Europe, OEM and automotive

Pang Da forecasts massive 2012 losses

20th February, 2013
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

Future solar energy deals for Total and Masdar?

1st February, 2013
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

Houghton International sold for over $1 bn

1st February, 2013
Gulf Oil seals the deal for Houghton International
Tags: Corporate News, India, Lubricants, North America

Terrorist attack in Algeria - details still sketchy

24th January, 2013
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

Chinese car exports top 1m

23rd January, 2013
Exports booming as China's car majors look abroad for business.
Tags: automotive industry, China, Corporate News, OEM and automotive

Japanese carmakers return to normal output in China

23rd January, 2013
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

China world’s largest automarket in 2012

23rd January, 2013
China overtakes Europe as it tops the passenger vehicle sales table
Tags: BMW, China, Corporate News, Europe, OEM and automotive, Volkswagen

Investment programs revealed by Phillips and Chevron

7th January, 2013
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

Petrofac wins Aramco contracts

4th January, 2013
UK-based construction specialists win two project contracts worth more than $1bn
Tags: Corporate News, Europe, Middle East

Pertamina reveals expansion plans

4th January, 2013
Indonesian oil major set to spend billions on projects including a new HQ
Tags: Asia, Corporate News

Transocean pays for its part in Gulf Spill

4th January, 2013
Deepwater Horizon operator pleads guilty and pays the price for its part in the Gulf disaster
Tags: BP, Corporate News, North America

Wanxiang to acquire A123 systems

24th December, 2012
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

BMW hits 1m sales as others boom in China

24th December, 2012
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

Japanese car sales may be over the worst after sales languish

24th December, 2012
Japanese car sales are forecast to rally in China as cross-border tensions ease.
Tags: automotive industry, China, Corporate News, Forecasts, Toyota

Taqa will buy BP package

8th December, 2012
BP to sell package to Taqa
Tags: BP, Corporate News, Europe, Middle East

Engineered Custom Lubricants (ECL) forms Euro subsidiary

30th November, 2012
ECL has announced the formation of a new subsidiary in Germany.
Tags: automotive industry, Corporate News, Germany, Lubricants

ConocoPhillips to sell Caspian interests

4th December, 2012
ConocoPhillipsis set to to sell its interest in the North Caspian Sea Production Sharing Agreement
Tags: ConocoPhillips, Corporate News, Eurasia, India

Total sells Nigerian oil stake to Sinopec

26th November, 2012
French major sells stake in African oilfield to Chinese.
Tags: Africa, China, China lubes news, Corporate News, Europe, Sinopec, Total

Shell plans Indonesian lubes plant

26th November, 2012
A tender process over the next few months will herald a new Shell blending plant in Indonesia.
Tags: Asia, Corporate News, Lubricants, Shell

PetroChina Q3 net profits fall 33%

21st November, 2012
Company blames domestic tariffs and gas import losses
Tags: China, China lubes news, Corporate News, PetroChina

Jaguar Land Rover Chery JV receives NDRC approval

21st November, 2012
Major Sino-European automotive venture is given government approval
Tags: automotive industry, China, Corporate News, Environment and Regulatory watch, Environment, regulatory and standards, test

China's light vehicle sales pick up in Ocotber

21st November, 2012
Increased sales leave overseas competitors in the wake of domestic producers.
Tags: automotive industry, China, Corporate News, Nissan, OEM and automotive, Toyota

Chery and Guangzhou Auto form partnership

21st November, 2012
Automakers form strategic alliance in Chinese industry first
Tags: automotive industry, Chevrolet, China, Corporate News, OEM and automotive

Suzuki pulls out of US auto market.

15th November, 2012
Japanese car maker to quit the US after nearly thirty years of sales.
Tags: automotive industry, Corporate News, Japan, North America

Chemical groups suffer from second half slowdown

8th November, 2012
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

BP ahead of the rest in Q3

8th November, 2012
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

SK Plans IPO

8th November, 2012
SK Lubricants is looking to boost its cash reserves in one of South Korea's largest share sales.
Tags: Asia, Corporate News, Lubricants

Tough year for WD-40

8th November, 2012
Domestic lubes maker hit by currency issues and rising costs.
Tags: Corporate News, North America, WD-40

VW may build another plant in China,

25th October, 2012
VW is planning a possible 14th car plant in China
Tags: automotive industry, China, Corporate News, Forecasts

Chinese firm takes record stake in German truck maker

25th October, 2012
Shandong subsidiary takes on forklift maker.
Tags: China, Corporate News, Europe, OEM and automotive

GB companies expand and acquire

10th October, 2012
Miller Oils opens an new R&D Centre as GB Oils seals Tincknell takeover.
Tags: Corporate News, Europe, Lubricants

BP sells Malaysian interests

10th October, 2012
BP is set to dispose of its PTA operations to its Malaysian plant owner.
Tags: additives, Asia, BP, Corporate News

Hindujas in the lead for Houghton

10th October, 2012
Gulf Oil is leading the bids for Houghton International.
Tags: Corporate News, India, Lubricants, N America

Nexen bid clears hurdle

10th October, 2012
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

Exxon Mobil consolidates and expands US ops

9th October, 2012
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

Lubetech seals deal with car maker

9th October, 2012
Malaysian lubes supplier to provide non-motor oil products to Perodua
Tags: Asia, automotive industry, Corporate News, Lubricants

China's auto stockpiles fall

25th September, 2012
Summer production slow-down reduces dealer glut.
Tags: automotive industry, China, Corporate News, OEM and automotive

NDRC approves Ford-Mazda split

25th September, 2012
Joint venture between US and Japanese car makers is positive for Ford.
Tags: automotive industry, China, Corporate News, Ford, Mazda, OEM and automotive

Shaanxi Yanchang Petroleum considers IPO

24th September, 2012
Shale oil and gas producer reveals ambitious plans for the future.
Tags: China, Corporate News, Environment, regulatory and standards, shale

Japanese automakers suffer in China

24th September, 2012
Anti-Japanese protests damage production at major car plants across China.
Tags: automotive industry, China, Corporate News, Japan, Mazda, Nissan, OEM and automotive, Toyota

Heavy losses push Chinese refiners overseas

24th September, 2012
Sinopec and PetroChina look for overseas acquisition to offset losses
Tags: China, CNOOC, Corporate News, Forecasts, PetroChina, Sinopec

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

24th September, 2012
Sinopec is China's highest earning business again in 2011 with $402bn revenues
Tags: China, Corporate News, Forecasts, Sinopec

Indian lubes producer heads for Europe

12th September, 2012
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

Nigerian Conoil targets lubes revenue

12th September, 2012
Nigerian oil producer Conoil is planning a major investment aimed at stimulating domestic lubes sales.
Tags: Africa, Corporate News, Lubricants

Idemitsu launches in Vietnam

12th September, 2012
Japanese oil producer continues its recovery with news of a lubes operation in Vietnam.
Tags: Asia, Corporate News, Lubricants

Europe and Asia bids for refinery expansion

12th September, 2012
Saudi Aramco has received bids from Europe and Asia for expansion of its Yanbu refinery.
Tags: Asia, Corporate News, Europe, Middle East

BP sells Gulf assets

11th September, 2012
BP is continuing towards its $38bn asset sales target with the latest disposal of Gulf fields.
Tags: BP, Corporate News, North America

Easy loans to spur vehicle sales

27th August, 2012
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

CNOOC profits crash despite new oil finds

24th August, 2012
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

China forecasts auto growth, but stockpiles continue to rise

22nd August, 2012
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

CNOOC bid for Nexen lights political fire

16th August, 2012
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

UK independent's name will survive

16th August, 2012
Distributor Samuel Cooke will survive, at least in name after rescuer arrives.
Tags: Corporate News, Europe

Chemical and downstream operations show strong Q2

15th August, 2012
Unlike the oil majors, the chemical and downstream specialists showed buoyant Q2 figures.
Tags: Afton Chemical, Calumet, Corporate News, Phillips 66, Valvoline

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

15th August, 2012
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

Ducati stays the same, says Audi boss

14th August, 2012
Ducati's new owners have pledged to keep the brand unchanged at a workforce meeting
Tags: automotive industry, Corporate News, Europe, Volkswagen

Chinese carmakers step up efforts overseas

22nd July, 2012
Geely and Chery boost overseas output in developing countries.
Tags: automotive industry, China, Corporate News, OEM and automotive

CNPC oil equity output booms in H1

21st July, 2012
PetroChina's parent company reports healthy growth in overseas output.
Tags: China, China lubes news, CNPC, Corporate News, Middle East, PetroChina

Schlumberger acquires minority stake in Antonoil

21st July, 2012
Energy service provider buys into oilfield services company to strengthen China links
Tags: China, China lubes news, Corporate News

China's automakers face serious consolidation

21st July, 2012
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

Fiat JV relaunches auto output in China

21st July, 2012
Third time lucky hope for Fiat production in the world's largest auto market.
Tags: automotive industry, China, Corporate News, Fiat, OEM and automotive

Cove suitors extend bid battle

10th July, 2012
Shell and PTT continue bidding battle for Cove Energy
Tags: Africa, Asia, Corporate News, Shell

Calumet and Cosan confirm deals as Evonik backs away

9th July, 2012
Calumet confirms Royal Purple deal, Cosan completes Comma purchase, but Evonik puts IPO on hold.
Tags: Calumet, Corporate News, Europe, North America

VW merges with Porsche as global deliveries increase

9th July, 2012
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

Infiniti looks to China

25th June, 2012
Nissan moves its luxury brand HQ in Hong Kong
Tags: automotive industry, China, Corporate News, Forecasts, Nissan

Calumet to buy Royal Purple

11th June, 2012
Lubes specialists Calumet is set to boost its lubes business with the purchase of Royal Purple
Tags: Calumet, Corporate News, North America

TNK-BP venture close to disintegration

11th June, 2012
Rosneft could be in the market to buy BP's share of troubled Russian joint venture
Tags: BMW, Corporate News, Europe, Rosneft, Russia

Cosan buys Comgas

11th June, 2012
Brazilian lubes distributor by the country's gas equivalent from UK's BG.
Tags: Brazil, Corporate News, Europe

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

11th June, 2012
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

Korea's SK exports at record levels

7th June, 2012
Q1 figures from South Korea's SK Group show record export figures.
Tags: Asia, Corporate News

ETP buys Sunoco

7th June, 2012
US Pipeline company boosts capacity with purchase of key oil distributor.
Tags: Corporate News, North America

Chery requests approval for Jaguar Land Rover JV

29th May, 2012
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

Chinese carmakers plan major increases

15th May, 2012
Chinese automakers are aiming for increased profitability in 2012 despite a poor 2011.
Tags: Africa, automotive industry, China, Corporate News, Forecasts, Great Wall

Audi looking for 1.5m unit target as BMW plays catchup

15th May, 2012
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

Porsche opens dealership in Inner Mongolia as A-M expands

14th May, 2012
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

Afton and Fuchs post positives in Q1

9th May, 2012
Afton Chemical and Fuchs Petrolub show positive starts to the year.
Tags: Afton Chemical, Corporate News, Fuchs

Shell and Chevron show Q1 improvements

4th May, 2012
Shell and Chevron both announced positive Q1 figures.
Tags: Chevron, Corporate News, Shell

BP and ExxonMobil profits drop in Q1

2nd May, 2012
Downstream business struggles as BP finds trading hard going while ExxonMobil has the opposite experience.
Tags: BP, Corporate News, ExxonMobil

Audi buys Ducati

1st May, 2012
German car maker lands iconic Italian motorcycle brand
Tags: automotive industry, Corporate News, Europe

Ashland results mixed as TNK-BP takes Valvoline to Russia

1st May, 2012
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

Lubrizol aims at upgrades with capex

1st May, 2012
Lubrizol is aiming at significant expansion through increased capital expenditure in 2012 and 2013.
Tags: additives, China, Corporate News, Europe, Lubrizol, North America

Phillips 66 begins trading as ConocoPhillips announces results

2nd May, 2012
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

Joint ventures make progress in China

23rd April, 2012
Geely and Guangzhou look to JVs to boost business.
Tags: automotive industry, China, Corporate News, OEM and automotive, Volvo

SAIC profits jump 67% and forecasts strong 2012

23rd April, 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

Chinese oil majors' profits up

23rd April, 2012
Mixed results for CNOOC and Sinopec but both on upward path
Tags: China, China lubes news, CNOOC, Corporate News, Sinopec

Saudi firm expands presence in China

20th April, 2012
Petrochemicals giant to build multi-million dollar technology centre.
Tags: China, Corporate News, Middle East, OEM and automotive

BYD and Pang Da profits plunge

19th April, 2012
Chinese car makers see profits nosedive after sales drop and Saab fallout takes its toll.
Tags: automotive industry, China, Corporate News, OEM and automotive

Geely to focus on exports

19th April, 2012
Chinese automaker aiming to be the nation's largest vehicle exporter
Tags: automotive industry, China, Corporate News, Europe, OEM and automotive

Heckmann buys Thermo as One Equity gains Sonneborn

1st April, 2012
VC deals see waste fuel and chemical companies change hands.
Tags: bio fuels, Corporate News, North America

Exxon loses top spot to PetroChina

6th April, 2012
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

Repsol helps UMW as Perodua signs Petronas

2nd April, 2012
Malaysian distributor eyes significant sales revenue as Petronas links with country's automaker.
Tags: Asia, automotive industry, Corporate News, Petronas, Repsol

VW set record sales as Euro market slumps

2nd April, 2012
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

Jaguar Land Rover invests heavily in Chery JV

28th March, 2012
Iconic British brands to invest on hopes of government approval of joint deal.
Tags: automotive industry, China, Corporate News, India, OEM and automotive

Global automakers hopeful for Chinese JVs

28th March, 2012
Fiat-Chrysler and Volvo seek Chinese partners despite policy limitations
Tags: automotive industry, China, Chrysler, Corporate News, Fiat, OEM and automotive, Volvo

Chinese car sales may fall short in 2012

20th March, 2012
Growth predictions may prove optimistic for foreign and domestic car makers this year.
Tags: automotive industry, China, Corporate News, Forecasts

Chinese automakers perform poorly in 2011

26th March, 2012
Profit slumps blamed on weak domestic demand and market saturation
Tags: automotive industry, China, Corporate News, OEM and automotive

Morgan Stanley buys $300m stake in Tianhe Chemicals

26th March, 2012
Private equity giant buys stake in Chinese lubes additive manufacturer.
Tags: additives, Asia, China, China lubes news, Corporate News

Sinopec to acquire parent group's assets

26th March, 2012
Sinopec is set to buy upstream and gas assets from China Petrochemical Corporation.
Tags: China, China lubes news, Corporate News, Sinopec

Brazilian company buys UK business from Exxon

6th March, 2012
Brazil's largest ethanol exporter has bought and Exxon-owned UK oil and chemicals business.
Tags: Brazil, Corporate News, Europe, ExxonMobil

Two doors close as others open for Shell and Petroplus

6th March, 2012
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

Total and Fuchs increase profits

1st March, 2012
France's Total and Germany's Fuchs Petrolub announce strong 2011 numbers after good Q4 finishes.
Tags: Corporate News, Europe, Fuchs, Total

Busy time for BP as numbers show strength

1st March, 2012
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

Volvo and Geely to establish joint venture

27th February, 2012
Volvo to increase vehicle production through new joint enterprise
Tags: automotive industry, China, Corporate News, OEM and automotive, Volvo

Audi and Great Wall set sights high for 2012 sales

27th February, 2012
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

Ford builds third China plant

27th February, 2012
US car giant set to increase Chinese production by a third.
Tags: automotive industry, China, Corporate News, Ford, OEM and automotive

Great Wall and Total sign co-op agreement

27th February, 2012
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

CNOOC aims to triple output by 2030

23rd February, 2012
China's largest oil producer looking for a massive acceleration in output.
Tags: China, CNOOC, Corporate News, Forecasts

Renault and GM to step up production in central China

23rd February, 2012
Two auto majors to use joint venture to expand Chinese-based manufacturing operations
Tags: automotive industry, China, Corporate News, GM, OEM and automotive, Renault

CNOOC sales growth slows

23rd February, 2012
Slow revenue growth report for 2011 by China's oil major
Tags: China, China lubes news, CNOOC, Corporate News

January vehicle sales drop in China

23rd February, 2012
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

Indonesia's lubes producer looks to expand

23rd February, 2012
Pertamina announces resources set aside for significant overseas expansion plans
Tags: additives, Asia, Corporate News

Record results for NewMarket, with positive year for Afton

10th February, 2012
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

Exxon sells Japanese marketing

9th February, 2012
ExxonMobil has offloaded its refining division in a multi-billion dollar sale
Tags: Asia, Corporate News, ExxonMobil

China Auto Rental seeks US IPO

27th January, 2012
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

25th January, 2012
Swiss refining independent Petroplus has filed for insolvency, threatening European jobs and supply.
Tags: Corporate News, Europe

Fuchs gets busy in Turkey

23rd January, 2012
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

23rd January, 2012
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

23rd January, 2012
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

20th January, 2012
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

6th January, 2012
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

6th January, 2012
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

3rd January, 2012
A new banking report puts forecasts China's growth below 8%.
Tags: China, Corporate News, Forecasts

Daimler seeks Chinese suitor

27th December, 2011
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

23rd December, 2011
ExxonMobil is set to consolidate it fuels and lubes marketing divisions
Tags: Corporate News, ExxonMobil, Lubricants

Saab finally goes under

23rd December, 2011
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

19th December, 2011
VW takes total Chinese assembly plants to 13 by 2013.
Tags: automotive industry, China, Corporate News, OEM and automotive

Shell sells in Nigeria

8th December, 2011
Shell has sold two key mining blocks in Nigeria to local operators.
Tags: Africa, Corporate News, Shell

BP to sell Canadian NGL operations

7th December, 2011
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

2nd December, 2011
Prista takes on UzTexaco stake to increase its lubes output.
Tags: Chevron, Corporate News, Eurasia, Europe

BYD faces even more job cuts

23rd November, 2011
Car and battery maker suffers as debts mount
Tags: automotive industry, China, Corporate News, OEM and automotive

Ashland sells synlubes and strengthens Cambodia

21st November, 2011
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

21st November, 2011
Russian sales help boost flagging Chinese automakers
Tags: automotive industry, China, Corporate News, OEM and automotive

Chemical giant seeks billion dollar Shanghai IPO

16th November, 2011
Sinochem is turning to the Shanghai market to raise massive fund injection.
Tags: China, Corporate News, Environment, regulatory and standards

Shell sells Cameroon blocks

16th November, 2011
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

16th November, 2011
Sinopec buys stake in Brazilian deep sea oil blocks.
Tags: Brazil, China, China lubes news, Corporate News, S America, Sinopec

BP Argentine deal collapses

14th November, 2011
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

14th November, 2011
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

14th November, 2011
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

14th November, 2011
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

14th November, 2011
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

14th November, 2011
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

4th November, 2011
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

3rd November, 2011
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

3rd November, 2011
BP is extending its asset sales targets after announcing strong Q3 figures
Tags: BP, Corporate News

VW already ahead of 2010 by Q3

3rd November, 2011
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

27th October, 2011
Cosan extends its rights for Mobil brand sales in Latin America
Tags: bio lubes, Corporate News, ExxonMobil, S America

CNPC forecasts overseas growth

24th October, 2011
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

24th October, 2011
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

20th October, 2011
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

20th October, 2011
Joint venture signed for heavy truck production.
Tags: automotive industry, China, Corporate News, Daimler, OEM and automotive

Angolan firm confident of return after fire

19th October, 2011
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

6th October, 2011
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

3rd October, 2011
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

21st September, 2011
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

23rd September, 2011
Deal will hand over oil and gas operations in billion dollar deal.
Tags: Corporate News, Europe, ExxonMobil

Serbian lubes plant sees growth

23rd September, 2011
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

22nd September, 2011
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

14th September, 2011
Cash-rich United Energy Group is on the lookout for potential purchases worldwide.
Tags: Asia, BP, China, Corporate News

Saab clings on

14th September, 2011
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

14th September, 2011
Germany's Brenntag has bought UK-based chemicals distributor
Tags: Africa, Corporate News, Europe

Idemitsu expands US plant

14th September, 2011
Japanese lubes specialist set to expand US blending and storage operation.
Tags: Asia, Corporate News, Japan, Lubricants, N America

Lubrizol upgrades Indian lab

8th September, 2011
Lubrizol is set to refurbish its Mumbai laboratory
Tags: Corporate News, India, Lubrizol

Exxon sells in Malaysia

8th September, 2011
ExxonMobil has sold its downstream operations in Malaysia to a Philippines company.
Tags: Asia, Corporate News, ExxonMobil

Australia's AED in administration

1st September, 2011
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

1st September, 2011
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

23rd August, 2011
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

21st August, 2011
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

22nd August, 2011
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

22nd August, 2011
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

22nd August, 2011
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

4th August, 2011
Q2 results mixed for the major oil and lubes producers.
Tags: Chevron, ConocoPhillips, Corporate News, ExxonMobil, Shell, Valvoline

Petrobras approves five year plan.

4th August, 2011
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

4th August, 2011
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

27th July, 2011
Oil sands developer OPTI Canada is set for sale to CNOOC Luxembourg.
Tags: China, China lubes news, Corporate News, N America

BP recovery continues

27th July, 2011
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

26th July, 2011
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

15th July, 2011
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

15th July, 2011
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

15th July, 2011
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

11th July, 2011
Puma Energy launches Zambia division.
Tags: Africa, BP, Corporate News

Total renews Mazda link

8th July, 2011
Total will continue to supply OEM lubes to Mazda Europe.
Tags: automotive industry, Corporate News, Europe, Mazda, Total

Marathon spins off refining

8th July, 2011
Marathon Oil spins off its refining division to become fifth largest in US.
Tags: Corporate News, N America

PetroChina takes Q1 hit

16th June, 2011
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

16th June, 2011
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

16th June, 2011
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

9th June, 2011
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

8th June, 2011
Chrysler repays its loans to Canada and the US ahead of schedule.
Tags: automotive industry, Chrysler, Corporate News, N America

Joy for LeTourneau

3rd June, 2011
Joy Global acquires mining OEM LeTourneau from Rowan.
Tags: Corporate News, mining, N America

BP Sells Wytch Farm

23rd May, 2011
BP sells its UK inshore operation to UK based Perenco.
Tags: BP, Corporate News, Europe

Saab finds another Chinese suitor

18th May, 2011
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

18th May, 2011
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

11th May, 2011
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

11th May, 2011
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

11th May, 2011
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

29th April, 2011
Lubrizol showed positive Q1 results despite bearing costs from the Hathaway takeover
Tags: Corporate News, Lubrizol, N America

Korean Group sets export record

29th April, 2011
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

28th April, 2011
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

28th April, 2011
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

21st April, 2011
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

14th April, 2011
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

4th April, 2011
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

4th April, 2011
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

31st March, 2011
Essar Oil has bought Shell's Stanlow refinery in the UK
Tags: Corporate News, Europe, Shell

Oando and Univar plant investments

25th March, 2011
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

17th March, 2011
Warren Buffett has bought Lubrizol through his Berkshire Hathaway Corporation
Tags: Corporate News, Lubrizol, North America

Pertamina to build lubes plant

9th March, 2011
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

2nd March, 2011
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

2nd March, 2011
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

2nd March, 2011
Indian group Essar is bidding for Shell refineries including Stanlow.
Tags: Corporate News, Europe, India, Shell

BP to sell Duckhams and Veedol brands

2nd March, 2011
BP is looking for a buyer for it's historic Duckhams and Veedol brands.
Tags: BP, Corporate News, Europe, Lubricants

Abu Dhabi purchases Cepsa

25th February, 2011
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

22nd February, 2011
Chemical group Clariant is to buy competitor Sud-Chemie as part of its restructuring process.
Tags: additives, Corporate News, Europe

Chevron sells Spanish operations

11th February, 2011
Chevron has sold the majority of its Spanish operations to Cepsa.
Tags: Chevron, Corporate News, Europe

Shell and Exxon boost profits

3rd February, 2011
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

1st February, 2011
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

31st January, 2011
Chevron, Ashland and Conoco all showed positive finishes to the financial year.
Tags: Chevron, ConocoPhillips, Corporate News, Valvoline

Schilling expands support

31st January, 2011
Schilling Robotics is expanding its ROV support centres
Tags: Asia, Corporate News, S America

WD-40 aims at industry

24th January, 2011
WD-40 is introducing a new industrial product range
Tags: Corporate News, Lubricants, WD-40

Liqui Moly set for growth

24th January, 2011
German additive specialist is aiming for significant global growth through exports
Tags: additives, Corporate News, Europe

Shell adds Canadian distributors

17th January, 2011
Shell has signed two new Alliance Distributors in separate Canadian provinces.
Tags: Corporate News, North America, Shell

SK to rename and spin-off units

5th January, 2011
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

20th December, 2010
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

5th January, 2011
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

5th January, 2011
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

22nd December, 2010
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

22nd December, 2010
Western Australia's Gull Petroleum has been sold to Ausfuel, keeping the company in independent hands
Tags: Australasia, Corporate News

Busy time for BASF

22nd December, 2010
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

20th December, 2010
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

29th November, 2010
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

26th November, 2010
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

26th November, 2010
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

24th November, 2010
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

24th November, 2010
Caterpiller is set to buy mining equipment maker Bacyrus in a multi-million dollar deal.
Tags: Corporate News, mining

Ashland sells distribution business

17th November, 2010
Ashland Inc has sold its global distribution business to TPG Capital.
Tags: Corporate News, N America, Valvoline

Chemtura completes turnaround

17th November, 2010
Chemtura posted strong Q3 figures as it finally exits bankruptcy
Tags: additives, Corporate News, N America

Fuchs strong in first nine months

17th November, 2010
Fuchs Q3 figures show strong growth through first nine months of 2010.
Tags: Corporate News, Europe, Fuchs, Lubricants

Good Q3 for Calumet

17th November, 2010
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

17th November, 2010
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

1st November, 2010
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

25th October, 2010
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

25th October, 2010
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

25th October, 2010
The household lubricants company continues to grow and predicts more.
Tags: Corporate News, North America, WD-40

Georgian Wissol to import Total lubes

22nd October, 2010
Georgia's oil distributor, Wissol, signs an exclusive deal with Total.
Tags: Corporate News, Lubricants, Russia

Johnson Matthey buys Intercat

12th October, 2010
Johnson Matthey has agreed to buy the leading supplier of cracking additives.
Tags: additives, Corporate News, North America

Mobil go public in Bangladesh

12th October, 2010
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

6th October, 2010
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

6th October, 2010
Fuchs' buoyant first half figures indicate increasing optimism in the European economy.
Tags: Corporate News, Europe, Fuchs, Lubricants

Petronas Dagangan to supply Proton

27th September, 2010
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

27th September, 2010
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.

27th September, 2010
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

20th September, 2010
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

6th September, 2010
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

6th September, 2010
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

1st September, 2010
Shell is set to sell its African retail and distribution business.
Tags: Africa, Corporate News, Shell

Cognis reports historic results

31st August, 2010
German chemicals specialist, Cognis, has reported record H1 results as business booms.
Tags: Corporate News, Europe

World to buy Western

25th August, 2010
World Fuel Services has agreed to buy the Western Petroleum Company.
Tags: Corporate News, North America

Shell aviation deal in UAE

17th August, 2010
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

13th August, 2010
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

13th August, 2010
Fuchs has bought Shell's food lubricants business for an undisclosed sum.
Tags: Corporate News, Europe, Fuchs

Galana seals Madagascar deal

17th July, 2010
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

6th July, 2010
Lubrizol is set to repurchase 10% of its share capital.
Tags: Corporate News, Lubrizol

Good and bad news for Toyota

1st July, 2010
First European-made hybrid rolls off Toyota line, but there are more recalls.
Tags: automotive industry, Corporate News, Toyota

Kuwait boosts European market presence

1st July, 2010
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

25th June, 2010
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

25th June, 2010
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

8th June, 2010
Mobil Australia is selling its retail fuel business to supermarket chain 7-Eleven.
Tags: Australasia, Corporate News, ExxonMobil

Hinduja to float Petromin shares

7th June, 2010
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

27th May, 2010
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

27th May, 2010
Fuel additives and chemicals specialist sees oilfields as next growth area.
Tags: Corporate News, Innospec

Emirates subsidiary signs major fleet deal

21st May, 2010
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

14th May, 2010
Chevron continue its downstream restructure with further job losses.
Tags: Chevron, Corporate News, North America

Toyota and Kia have profitable years

12th May, 2010
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

7th May, 2010
Holly Corporation announced a first quarter loss for 2010, although revenues soared.
Tags: Corporate News, Holly, North America

Russian marines thwart tanker hijack

6th May, 2010
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

5th May, 2010
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

28th April, 2010
Newmarket additive sales boosted the company's Q1 profits.
Tags: Corporate News, Newmarket, North America

Lubrizol eyes Cognis purchase

28th April, 2010
Lubrizol are considering the purchase of German rival Cognis.
Tags: Corporate News, Europe, Lubrizol

WD-40 profits lift

7th April, 2010
WD-40 reports a doubling of 2nd quarter profits.
Tags: Corporate News, WD-40

KenkolKobil profits up

7th April, 2010
Kenya's KenkolKobil announces 45% increase in profits
Tags: Africa, Corporate News, KenkolKobil

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