Singapore

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Lube Report Asia - August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

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Shell May Sell Singapore Refining

Lube Report Asia - August 25, 2023

Prospects for the future of Shell’s Singapore base oil plant have taken another turn as the company now is considering ...

Shell Scratches Singapore Group II Plans

Shell Scratches Singapore Group II Plans

Lube Report Asia - March 31, 2023

Shell has decided not to build an API Group II base oil plant at its Singapore fuels and chemicals complex, according to ...

AP Oil Reports Decreased Profits

AP Oil Reports Decreased Profits

Lube Report Asia - March 24, 2023

Singaporean independent lubricant blender AP Oil International Ltd. reported declines of 60% in net profit for full-year ...

Car and Truck Sales Rose in Southeast Asia

Car and Truck Sales Rose in Southeast Asia

Lube Report Asia - February 10, 2023

In Southeast Asia in 2022, sales of four-wheel automobiles rose 23%, while sales of motorcycles and scooters in four key ...

Asean Lube Demand Projected to Grow

Asean Lube Demand Projected to Grow

Lube Report Asia - January 6, 2023

Lubricant demand in nine major Association of Southeast Asia Nations countries is projected to grow by a compound annual ...

ExxonMobil Still Bullish on Group II

ExxonMobil Still Bullish on Group II

Lube Report Asia - December 23, 2022

API Group II base oils will continue to be used in many applications for years to come, despite the move towards vehicle ...

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Oronite Expands Singapore Plant

Lube Report Asia - September 16, 2022

Chevron Oronite said Thursday that it has completed an expansion of its lubricant additive manufacturing plant in Singap ...

Raw Material Costs Hinder AP Oil’s Profits

Raw Material Costs Hinder AP Oil’s Profits

Lube Report Asia - September 2, 2022

Singaporean independent lubricants blender AP Oil reported that its net profit dropped 39% to Singaporean $1 million (U. ...

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Innov Expands VI Improver Capacity

Lube Report Asia - August 19, 2022

Innov Oil announced completion of an expansion that more than doubles its capacity to produce the company’s X series o ...

ExxonMobil Continues Group II Expansion

ExxonMobil Continues Group II Expansion

Lube Report Asia - July 1, 2022

ExxonMobil is evaluating the possibility of building capacity to make API Group III base oils, according to the head of ...

AP Oil Cites Hurdles Despite Gains

AP Oil Cites Hurdles Despite Gains

Lube Report Asia - March 18, 2022

Singaporean independent lubricant blender AP Oil reported higher net profit but lower sales for the second half of 2021 ...

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Shell Mulls Group II in Singapore

Lube Report Asia - February 11, 2022

British energy giant Shell is considering building an API Group II base oil unit at its refinery on Singapore’s Pulau ...

Stockholders Aim to Privatize United Global

Stockholders Aim to Privatize United Global

Lube Report Asia - December 17, 2021

An investment firm representing the main stockholders of United Global Ltd. announced on Dec. 10 an unconditional cash o ...

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Factory Will Make Castor Derivatives

Lube Report Asia - December 10, 2021

France-based Arkema announced on Monday a 50% increase in global capacity for its Oleris castor oil derivatives, which a ...

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Shell Accelerates Refinery Contraction

Lube Report Asia - May 14, 2021

Royal Dutch Shell has accelerated its timeline for reducing the crude oil throughput capacity of its refinery on Singapo ...

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Shell to Close Singapore Plant

Lube Report Asia - December 18, 2020

As part of an initiative to decarbonize its refining operations in Singapore, Royal Dutch Shell plans to permanently clo ...