Business

Profits Fall at Thai Oil, Rise for Hi-Tech

Profits Fall at Thai Oil, Rise for Hi-Tech

Lube Report Asia - May 20, 2022

Citing lower sales volumes and tighter margins, Thai Oil’s base oil business recorded a 59% year-to-year drop in net p ...

Petronas to Acquire Perstorp

Petronas to Acquire Perstorp

Lube Report Asia - May 20, 2022

Malaysia’s Petronas Chemicals Group Berhad announced Tuesday it will acquire Sweden-based specialty chemicals company ...

Moove Posts Higher Profits

Moove Posts Higher Profits

Lube Report Americas - May 18, 2022

Moove, Brazil-based Cosan’s lubricants arm, reported higher profits and revenue despite lower sales volume in the firs ...

Evans: STLE Helps Industry Meet Challenges

Evans: STLE Helps Industry Meet Challenges

Lube Report Americas - May 18, 2022

The new president of the Society of Tribologists and Lubrication Engineers said such professional organizations can play ...

Shell Sells Russia Business to Lukoil

Shell Sells Russia Business to Lukoil

Lube Report EMEA - May 17, 2022

Oil giant Shell signed an agreement to sell its retail and lubricant businesses in Russia to privately owned Lukoil, the ...

GS Caltex Profits Dip, Castrol India’s Rise

GS Caltex Profits Dip, Castrol India’s Rise

Lube Report Asia - May 13, 2022

GS Caltex’s base oil and lubricant business reported lower profit on higher sales, while Castrol India reported increa ...

Income Up at Valvoline, HF Sinclair

Income Up at Valvoline, HF Sinclair

Lube Report Americas - May 11, 2022

Increased expenses caused Valvoline Inc.’s operating income to dip despite a 26% jump in sales revenues for the three ...

Shell in Talks to Sell Torzhok Plant

Shell in Talks to Sell Torzhok Plant

Lube Report EMEA - May 10, 2022

Shell is negotiating with an unidentified party to sell its lubricant blending plant in Torzhok, Russia, along with its ...

Mixed Results for Korean Base Oil Refiners

Mixed Results for Korean Base Oil Refiners

Lube Report Asia - May 6, 2022

S-Oil reported a slight increase in profits for its base oil and lubricants business for the quarter ending March 31, wh ...

Afton Earnings Fell in First Quarter

Afton Earnings Fell in First Quarter

Lube Report Americas - May 4, 2022

Afton Chemical parent company NewMarket Corp. reported an 8% drop in operating profit for its petroleum additives busine ...

Additive

Raizen Closes on Shell Brazil Purchase

Lube Report Americas - May 4, 2022

Brazilian energy company Raizen said last week that it completed its acquisition of Shell’s lubricant business in Braz ...

Profits Down, Sales Up for Fuchs

Profits Down, Sales Up for Fuchs

Lube Report EMEA - May 3, 2022

German lubricant maker Fuchs Petrolub SE posted a first-quarter 6% decline in earnings after tax and a 16% increase in s ...

Sustainability Is Social

Sustainability Is Social

Lubes'n'Greases - May 2, 2022

Global executive search firm ABN Resource discusses what social sustainability is and how it can be applied to the lubri ...

Bio-based and Sustainable: When They’re Synonyms and When They’re Not

Bio-based and Sustainable: When They’re Synonyms and When They’re Not

Lubes'n'Greases - May 2, 2022

Bio-based and sustainable lubricants are not always one and the same. What are the nuanced differences between them?

Accounting for Sustainability

Accounting for Sustainability

Lubes'n'Greases - May 2, 2022

The American Petroleum Institute’s newly formed sustainability task force is working to create a recommended practice ...

Encouraging Innovation and New Ideas

Encouraging Innovation and New Ideas

Lubes'n'Greases - May 2, 2022

Jack Goodhue gives pointers on how business leaders can encourage employees to think outside the usual paradigm.

Additive

Earnings Keep Rising for SK

Lube Report Asia - April 29, 2022

SK Lubricants posted a 54% year-to-year increase in operating profit for the quarter ended March 31, according to result ...

Oqema Acquires French Distributor

Oqema Acquires French Distributor

Lube Report EMEA - April 26, 2022

German chemicals distributor Oqema acquired the Orosolv Group, a French distributor of lubricants and other products, to ...