South America

Court Battle for Citgo Goes On
©Mahmoud Suhail / shutterstock

Court Battle for Citgo Goes On

October 9, 2024

Amber Energy Inc. made the successful bid for Citgo, the formerly Venezuelan refiner.

Oleon Acquires Brazilian Company

Oleon Acquires Brazilian Company

October 2, 2024

Belgian oleo-chemicals company Oleon acquired a majority stake in A.Azevedo Óleos, a Brazilian oleo-chemical company ba ...

The Evolving Role of the Lubricant in the Americas

The Evolving Role of the Lubricant in the Americas

September 27, 2024

Lubrizol’s Keith Corkwell explains how forging meaningful partnerships across the value chain and leveraging new techn ...

Petromaca Builds Rerefinery in Venezuela

Petromaca Builds Rerefinery in Venezuela

September 18, 2024

Venezuelan petrochemical and environmental management company Petromaca’s rerefinery is the latest used lubricant recy ...

Moove IPO Confirmed

Moove IPO Confirmed

September 18, 2024

Brazilian lube company Moove has registered for a initial public offering on the New York Stock Exchange, confirming rep ...

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YPF Backs Down on Bolivia Price Hike

September 11, 2024

YPF u-turned last week on a lubricant price hike in Bolivia under pressure from a number of local transport associations ...

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Petrobras Wants Refineries Back

September 11, 2024

Petrobras is negotiating to regain ownership of the Landulpho Alves refinery and reverse the previous administration’s ...

Castrol Mulls Production Facility in Peru

Castrol Mulls Production Facility in Peru

September 11, 2024

Castrol is aiming for double-digit growth by the end of the year in Peru’s commercial and industrial lubricant market, ...

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Brazil Base Oil Output, Imports Rise

September 4, 2024

Base oil production in Brazil rose 8% in July, compared to the same month last year, according to the latest data from a ...

YPF Divesting Downstream Assets

YPF Divesting Downstream Assets

August 20, 2024

Argentinian energy company YPF is divesting from its lubricants business, as well as offering a stake in one of its refi ...

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 ...

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YPF to Sell Lubes Units in Brazil, Chile

May 29, 2024

The head of Argentinian oil major YPF said recently that the company will sell its businesses in Brazil and Chile, both ...

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Brazil Base Oil Output Edges Higher

May 29, 2024

Base oil production in Brazil increased by 9% in April, according to data released by the National Agency of Petroleum, ...

Moove Profits Rebound in First Quarter

Moove Profits Rebound in First Quarter

May 29, 2024

Cosan’s Moove rebounded with a net profit in the first quarter – after a net loss in the same period last year – o ...

Brazil Base Oil Imports Up Again

Brazil Base Oil Imports Up Again

May 1, 2024

Brazil imported 62% more base oil in March, compared to the same month last year, according to data released Tuesday by ...

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Brazil Base Oil Output Surges

April 24, 2024

Brazil’s base oil production jumped by 66% in March, according to data released this week by a government agency.

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Chile Rerefinery Gains Approval

April 17, 2024

A subsidiary of Chilean energy and forestry company Copec received approval from a local environmental authority to deve ...