Business

New CEO Takes the Helm at Puraglobe

New CEO Takes the Helm at Puraglobe

August 21, 2024

German rerefiner Puraglobe appointed a new CEO, Alois Virag. He replaces the long-serving Andreas Schueppel, who was at ...

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Chevron Leaving San Ramon

August 14, 2024

After 145 years in California, the second-biggest U.S. oil company, Chevron, is moving to Texas, the traditional home of ...

Moove Considers Stock Offer in U.S.

Moove Considers Stock Offer in U.S.

August 8, 2024

Brazilian-based lubricant supplier Moove last month submitted a confidential draft proposal for an initial public stock ...

Fuchs’ First Half 2024 Earnings Decent

Fuchs’ First Half 2024 Earnings Decent

August 7, 2024

Fuchs SE, the largest independent lubricant manufacturer in the world, reported a reasonable increase in earnings in th ...

Breaking News: Puraglobe Commissions Engineering for Rerefinery

Breaking News: Puraglobe Commissions Engineering for Rerefinery

August 1, 2024

German rerefiner Puraglobe said today that it has contracted an engineering firm to build another used lubricant rerefin ...

S-Oil Base Oil Income Steady in Q2

S-Oil Base Oil Income Steady in Q2

July 31, 2024

S-Oil's Q2 base oil results were steady, while petrochemicals income offset poor refining returns.

SK to be APAC’s Biggest Energy Company

SK to be APAC’s Biggest Energy Company

July 24, 2024

The merger announced last week between SK Innovation and SK E&S will create the largest private energy company in th ...

Canal Problems Disrupted Base Oils

Canal Problems Disrupted Base Oils

July 24, 2024

Over the past eight months, a number of incidents have had severe impacts on base oil cargoes, extending delivery times ...

Quaker Houghton Builds Plant in China

Quaker Houghton Builds Plant in China

July 17, 2024

Industrial process fluid company Quaker Houghton broke ground last week on a new manufacturing facility in Zhangjiagang, ...

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Saudi Firm Acquires Shell Pakistan 

July 10, 2024

Authorities gave the green light on Saturday for a Saudi company’s acquisition of Shell Pakistan Ltd. The purchase was ...

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ExxonMobil Taps Philippines Distributor

July 5, 2024

ExxonMobil tapped Juliana Holdings, Inc. to be its official distributor of Mobil-branded lubricants and services in the ...

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Amsoil Snatches Up Aerospace Lubricants

July 3, 2024

Amsoil Inc. said this week that it acquired Aerospace Lubricants, a Columbus, Ohio, producer and marketer of specialized ...

TotalEnergies Buys Rerefiner Tecoil

TotalEnergies Buys Rerefiner Tecoil

July 2, 2024

TotalEnergies announced this week that it purchased Finnish rerefiner Str Tecoil Oy, another move reflecting Big Oil’s ...

Shape the Lubricants Industry’s Future

Shape the Lubricants Industry’s Future

July 1, 2024

Participate in ABN Resource’s 2024 Lubricants Talent Survey for an opportunity to impact the industry's future and dri ...

Michang Records Earnings Bump

Michang Records Earnings Bump

June 21, 2024

South Korean lubricants blender Michang Petroleum reported a 13% increase in net profit despite a 4% decline in sales re ...

Hi-Tech Lubricants Lowers Loss

Hi-Tech Lubricants Lowers Loss

June 14, 2024

Pakistani blender Hi-Tech Lubricants Ltd. reported a much smaller net loss for its lubricants segment for the nine month ...

Profits Rise for MJL Bangladesh

Profits Rise for MJL Bangladesh

June 7, 2024

MJL Bangladesh Plc reported increased net profit, Eastern Lubricants Blenders Ltd. posted decreased profits and Lub-rref ...

Terpel Posts Higher Earnings

Terpel Posts Higher Earnings

June 5, 2024

Colombian oil and gas company Terpel reported that its lubricant segment posted increases in gross profit for the first ...