Mergers & Acquisitions

Lubricating Specialties Co. President Sydney Thwaites and Vintage Capital Partners II, L.P. have acquired full ownership of the independent blender, a ...

Aramco Boosting S-Oil Stake

January 21, 2014

Saudi Aramco has agreed to buy most of Hanjin Energys stake in S-Oil, according to several reports, giving the Saudi oil company a controlling share i ...

Gulf Oil Extends Reach

January 21, 2014

Gulf Oil Ltd. said late last year that it has entered three more markets - Kazakhstan, South Sudan and Croatia. The Indian lubricants and fuels suppli ...

Shell and Hyundai extended their Russian agreement for lubricants supply, training, technical support and marketing events to a five-year period. Unde ...

Investment giant Berkshire Hathaway agreed to divest around $1.4 billion of Phillips 66 common stock in exchange for Phillips 66s flow improver segmen ...

Russian lube marketer Gazpromneft Lubricants signed a strategic partnership deal with the Russian Association of Auto Dealers.The agreement announced ...

Calumet Bags Bel-Ray

December 11, 2013

Calumet Specialty Products Partners yesterday announced it acquired Bel-Ray Co., a New Jersey-based manufacturer and distributor of lubricants. Terms ...

Gazprom, Derways Expand Deal

December 11, 2013

Gazprom Neft Lubricants and Russian car maker Derways sealed a five-year partnership agreement for supply, development and marketing of new lubricant ...

Hydrodec Group will collaborate with Essar Oil UK on a joint venture oil rerefining center at Stanlow, U.K., including a rerefinery with API Group II+ ...

HCC Picks Up Pick-Up Routes

November 6, 2013

Heritage-Crystal Clean agreed this week to buy four branches of Universal Lubricants subsidiary RS Used Oil Services in a deal that could increase the ...

Sister Ships, One Captain

October 30, 2013

Gulf Oil International appointed Paul DeVivo, CEO of wholly owned but independently operated subsidiary Houghton International, as its new CEO and hea ...

Neste/Takreer Deal Collapses

October 23, 2013

ABU DHABI, United Arab Emirates – Neste Oil, the Finnish refiner and marketer of base oils, has confirmed to Lube Report it will not be marketin ...

Oman Oil Nabs Oxea

October 16, 2013

Government-owned Oman Oil Co. acquired chemical manufacturer Oxea from private equity firm Advent International. Terms were not disclosed. Bloomberg ...

Pemex Moves Toward Group II

October 2, 2013

Pemex will use Chevron Lummus Globals technology to add more than 13,600 barrels per day of API Group II base oil production capacity to its refinery ...

Hydrodec Adds UK Collector

September 18, 2013

Transformer oil rerefiner Hydrodec Group acquired used lube oil collector OSS for 4.7 million (U.S. $6.3 million), securing feedstock for a planned pi ...

Shell signed a memorandum of understanding to supply lubricants to Geely Motors, the Russian marketer of Chinese cars, the oil major said last week. ...

EU Consents to Nynas Takeover

September 4, 2013

The European Commission has approved Nynas proposal to acquire the base oil production units at Shells Harburg refinery in Hamburg, Germany, an acquis ...

Shell and Bogdan Auto, one of the biggest car dealers in Ukraine, signed a lube supply contract. Under the deal, Shell Oil Products Ukraine will supp ...

Distributor Oman Oil Marketing is negotiating to acquire a 40 percent shareholding in blender Lubechem International Industry, of the United Arab Emir ...

Singapore Lube Park – a joint venture among Shell, Sinopec and Total – yesterday announced it will build and operate facilities in southwe ...