Corporate News
Exxon sells Japanese marketing
ExxonMobil has offloaded its refining division in a multi-billion dollar sale
China Auto Rental seeks US IPO
China's largest car rental company turns to North America to raise capital.
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
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.
Automakers to increase 2012 sales
Domestic and overseas car makers aim to defy slowing China market in 2012
Sinopec close to Middle East deals
China Petrochemical is set to clinch two major refinery deals in the Middle East.
Canada's Daylight sale completed
Daylight Energy's sale to Sinopec was sealed at the end of 2011.
Safety-Kleen brings blending in-house
US-based Safety-Kleen is to boost its blending capacity with a new plant
China growth to slow says economists
A new banking report puts forecasts China's growth below 8%.
Daimler seeks Chinese suitor
Car maker Daimler is looking for a Chinese investor to boost market share in domestic sales.
Exxon to consolidate marketing
ExxonMobil is set to consolidate it fuels and lubes marketing divisions
Saab finally goes under
Swedish car brand finally declared bankrupt despite last-ditch efforts to save it.
VW to build two more plants in China
VW takes total Chinese assembly plants to 13 by 2013.
Shell sells in Nigeria
Shell has sold two key mining blocks in Nigeria to local operators.
BP to sell Canadian NGL operations
BP is set to divest its Natural Gas Liquids operations to a Canadian operator
Prista buys stake in Chevron's Uzbek operation
Prista takes on UzTexaco stake to increase its lubes output.
BYD faces even more job cuts
Car and battery maker suffers as debts mount
Ashland sells synlubes and strengthens Cambodia
Ashland has sold part of its specialist synlubes operations and settled on a distributor in Cambodia.
Chinese vehicle exports to Russia increase
Russian sales help boost flagging Chinese automakers
Chemical giant seeks billion dollar Shanghai IPO
Sinochem is turning to the Shanghai market to raise massive fund injection.
Shell sells Cameroon blocks
Shell has disposed of its share in Petcen to Sinopec.
Brazilian Oil assets sold for $3.5bn
Sinopec buys stake in Brazilian deep sea oil blocks.
BP Argentine deal collapses
The proposed sale of Pan American Energy to Bridas falls through and BP looks no further.
Lubrizol to buy Chemtool
US chemical specialists to buy grease manufacturer by end of the year.
Oxea to build its first plant in China
Chemical specialist to produce oxo derivatives from South China factory.
Jianghua to Double Brazil Sales by 2015
Automaker to push for Brazilian market as domestic sales drop.
Total Invests 30m Euros in Chinese Plant
French oil major to build new Tianjin plant.
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
GM puts Saab on the brink
Chinese government's deal approval seemed like salvation for Swedish car maker, but GM proves otherwise.
Q3 figures generally good for oil majors
Shell, ExxonMobil and Chevron all revealed strong Q3 results, although ConocoPhilips saw a fall.
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.
Cosan buys Exxon assets
Cosan extends its rights for Mobil brand sales in Latin America
CNPC forecasts overseas growth
CNPC is looking to foreign resources to secure China's oil futures.
Mixed profits for China automakers
A mixed third quarter for two of China's largest car makers.
China Vehicle Sales Up in September
Pace accelerates on Chinese vehicle sales despite government restrictions.
Daimler Foton deal gains NDRC approval
Joint venture signed for heavy truck production.
Angolan firm confident of return after fire
Sonangol is taking steps to return to business as usual after factory fire.
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.
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.
China auto exports threaten global automakers
World's major car makers fear China expansion could cause cheap dumping.
Apache buys ExxonMobil's North Sea assets
Deal will hand over oil and gas operations in billion dollar deal.
Serbian lubes plant sees growth
A Serbian lubes factory has seen significant growth after becoming a state-owned operation
Chinese car rentals hit top gear
The car rental market is flourishing and set to rise further by 2015 according to latest forecasts
United set for buying spree
Cash-rich United Energy Group is on the lookout for potential purchases worldwide.
Saab clings on
Saab continues to fight closure thanks to a further cash injection while UK arm stays 'unaffected'.
Brenntag buys Multisol
Germany's Brenntag has bought UK-based chemicals distributor
Idemitsu expands US plant
Japanese lubes specialist set to expand US blending and storage operation.
Lubrizol upgrades Indian lab
Lubrizol is set to refurbish its Mumbai laboratory
Exxon sells in Malaysia
ExxonMobil has sold its downstream operations in Malaysia to a Philippines company.
Australia's AED in administration
Australia's AED Oil in administration after Puffin Oil field arbitration decision goes against them.
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.
Chinese overseas oil investments unprofitable
New report suggests that China's oil SOEs are making poor overseas investments.
Nissan China announces RMB50 billion expansion plan
Nissan's Chinese division plans to almost double annual sales within the next five years.
Mixed results for Castrol India
A Q2 slip in profits, but half year shows marginal improvement for Castrol's India operations.
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.
TNK-BP bid for Polish refinery
The joint Russian-UK company has applied to buy a stake in Lotos.
Q2 generally good for oil majors
Q2 results mixed for the major oil and lubes producers.
Petrobras approves five year plan.
Brazil's Petrobras has approved a five year plan to include $220bn investments.
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.
OPTI Canada sold to CNOOC
Oil sands developer OPTI Canada is set for sale to CNOOC Luxembourg.
BP recovery continues
BP's profits continue to rise as the company recovers from last year's Gulf spill.
New York lubes producer devastated by fire
A New York based lubes producer has had its operations destroyed by a massive fire.
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.
PetroChina in JV deal for European refining
PetroChina has signed a joint venture agreement for refining operations in Scotland and France.
Puma is new name in Zambia
Puma Energy launches Zambia division.
Total renews Mazda link
Total will continue to supply OEM lubes to Mazda Europe.
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.
Saab back in business thanks to Pang Da and Youngman
Saab returns to production as normal after two Chinese companies take a stake
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.
Petsec to sell Chinese interests
Australia's Petsec is set to sell its Chinese assets to invest in US shale oil.
Chrysler repays its debts
Chrysler repays its loans to Canada and the US ahead of schedule.
Joy for LeTourneau
Joy Global acquires mining OEM LeTourneau from Rowan.
BP Sells Wytch Farm
BP sells its UK inshore operation to UK based Perenco.
Saab finds another Chinese suitor
A third Chinese company has now stepped forward as a likely saviour of the Saab brand.
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.
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.
Saab gets further Chinese boost
The Saab brand has received more finance from China, this time through Hawtai Motor Group.
BAIC eyes significant expansion
China's BAIC is looking to break into the top ranks of the auto manufacturers in the next five years.
Lubrizol lift slightly in Q1
Lubrizol showed positive Q1 results despite bearing costs from the Hathaway takeover
Korean Group sets export record
SK Group has posted record exports during a positive Q1.
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.
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
Sinopec signs deal with Petrobras
China and Brazil's leading oil producers join forces in co-operation deal
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
Total invests in Northern China plant
Total is to invest in a new lubes blending plant set to open in 2012.
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.
Essar buys Shell Stanlow
Essar Oil has bought Shell's Stanlow refinery in the UK
Oando and Univar plant investments
Nigeria's Oando and Sweden's Univar are planning major plant upgrades to help supply.
Lubrizol bought by Buffett
Warren Buffett has bought Lubrizol through his Berkshire Hathaway Corporation
Pertamina to build lubes plant
Indonesia's Pertamina is set to invest in an Asian lubricants production plant
BP looking for buyer of UK assets
BP is hoping to sell a number of UK onshore and offshore oil and gas fields.
Fuchs & BASF celebrate strong 2010
Fuchs Petrolub saw a significant increase in revenues and BASF broke its sales records in 2010
Essar bids for Shell refineries
Indian group Essar is bidding for Shell refineries including Stanlow.
BP to sell Duckhams and Veedol brands
BP is looking for a buyer for it's historic Duckhams and Veedol brands.
Abu Dhabi purchases Cepsa
Abu Dhabi's IPIC has bought Total's share of Cepsa to take 100% stake.
Clariant to buy Sud-Chemie
Chemical group Clariant is to buy competitor Sud-Chemie as part of its restructuring process.
Chevron sells Spanish operations
Chevron has sold the majority of its Spanish operations to Cepsa.
Shell and Exxon boost profits
Shell and ExxonMobil declare significant profit increases in their final results for 2010.
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.
Schilling expands support
Schilling Robotics is expanding its ROV support centres
WD-40 aims at industry
WD-40 is introducing a new industrial product range
Liqui Moly set for growth
German additive specialist is aiming for significant global growth through exports
Shell adds Canadian distributors
Shell has signed two new Alliance Distributors in separate Canadian provinces.
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.
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
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.
ITW to buy iconic Shell car care brands
Shell is set to sell iconic brands including Slick 50 to Illinois Tool Works.
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
Repsol signs Asian lubes deal
Spain's Repsol has signed a five year distribtuion deal with UMW.
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.
Shell sells in Gulf as Total buys in Gabon
Shell will sell six Gulf of Mexico fields, while Total revitalises its interests in Gabon.
Statoil sells oil sands interests
Statoil has sold 40% of its Alberta oil sands project to PTT Exploration.
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.
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.
Chemtura completes turnaround
Chemtura posted strong Q3 figures as it finally exits bankruptcy
Fuchs strong in first nine months
Fuchs Q3 figures show strong growth through first nine months of 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
SK Energy offers window into challenges
A recent meeting with overseas energy companies gives an insight into the South Korean lubes producers' challenges.
OMV takes Petrol Ofisi from Dogan
Austria's OMV has taken its share in Turkey's Petrol Ofisi to 95% after its latest purchase.
VW profits soar in Q3
Auto manufacturer, VW saw profits more than treble as it heads into the final quarter.
SKF Buys Lincoln Industrial
Engineering giant SKF has acquired US-based Lincoln Holdings to expand its lubricants systems business.
WD-40 continues its growth
The household lubricants company continues to grow and predicts more.
Georgian Wissol to import Total lubes
Georgia's oil distributor, Wissol, signs an exclusive deal with Total.
Johnson Matthey buys Intercat
Johnson Matthey has agreed to buy the leading supplier of cracking additives.
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
Fuchs Half Year figures indicate Euro recovery
Fuchs' buoyant first half figures indicate increasing optimism in the European economy.
Petronas Dagangan to supply Proton
Petronas in Malaysia announces an exclusive lubes supply deal with car maker Proton.
Balmer Lawrie plans auto lubes expansion
Kolkata-based Balmer Lawrie is investing in its auto lubricants business as it plans expansion
Shell leads global lubes market again.
Shell have topped the global finished lubes market for the fourth consecutive year according to Kline.
Total to sell UK fuel stations
Total is set to sell its 500 UK forecourts with Russia's Gazprom in the frame.
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.
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.
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.
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.
Fuchs acquires Shell food lubes
Fuchs has bought Shell's food lubricants business for an undisclosed sum.
Galana seals Madagascar deal
Galana has sealed a distribution deal with Engen for Madagascar - one of a number for the Galana group.
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.
Kuwait boosts European market presence
Kuwait Petroleum International is expanding its European market presence, starting with expansion of its storage facilities.
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.
Hinduja to float Petromin shares
Hinduja Group is planning a public sale of 30% of Saudi-based Petromin.
Sinochem takes 40% stake in Statoil's Peregrino
Statoil has agreed the sale of a 40% stake in the Bazilian Peregrino field to Sinochem
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.
Chevron restructure continues
Chevron continue its downstream restructure with further job losses.
Toyota and Kia have profitable years
Automakers Toyota and Kia both announced positive numbers despite Toyota's recall woes and global recession.
Holly announces Q1 loss
Holly Corporation announced a first quarter loss for 2010, although revenues soared.
Russian marines thwart tanker hijack
Russian marines overcame Somali pirates who had hijacked a tanker on its way from the Red Sea to China.
Majors see strong Q1
The major oil producers have reported a strong start to 2010 with significant improvements in Q1 earnings
Newmarket sales boost
Newmarket additive sales boosted the company's Q1 profits.
Lubrizol eyes Cognis purchase
Lubrizol are considering the purchase of German rival Cognis.
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


