Home Authors Posts by Will Beverina
The Covid-19 pandemic has delayed negotiations toward a final agreement for the Klesch Group to become operator of Curacao’s Isla Refinery, according to local media reports.
Lube-Tech opened a new distribution center this week in Milwaukee, Wisconsin, with capacity to store up to 350,000 gallons of lubricants and other fluids, the company announced on Monday.
Afton Chemical posted increases in both operating profit and sales for the quarter ending March 31, compared to a year earlier.
GP Global acquired the lubricants assets of Lagos, Nigeria-based Grand Petroleum. A GP Global executive told Lube Report yesterday the acquisition is part of a bid to expand its lubricant and base oil operations.
A Swedish court approved an extension to Nynas AB’s reorganization last week, giving the company additional time to stabilize its operations on the path the company believes will lead it back to profitability.
Nynas AB cleared a significant hurdle in its reorganization efforts last week after the United States Office of Foreign Asset Control confirmed that a proposed change in the company’s ownership structure would exempt it from sanctions that it says have undermined its profitability. Nynas also said it will file to extend its reorganization now that its initial three-month reorganization period ended.