Volume 11 Issue 07
Puraglobe Closes Florida Blending Plant
February 18, 2026German waste oil rerefiner Puraglobe closed its finished lubricant blending plant in Tampa, Florida, last year and exited the site, releasing an unspecified number of employees in the process, Lube Report confirmed this week. A spokesman, who declined to be named, said Puraglobe maintains a downsized operation in the United States and is still pursuing a long-running effort to develop a used lubricant rerefinery there. “As part of our strategy, we’r...
Discarded Radioactive Material Found at Smitty’s
February 18, 2026Pictured behind a police cordon are five 55-gallon black drums of unspecified material labeled “radioactive.” The image is part of a 230-page Louisiana Department of Environmental Quality report about the Smitty’s Supply site in Roseland, Louisiana, which was inspected after a fire in August partially destroyed the site. In areas still safely accessible, inspectors saw 250 damaged containers, more than 200 spills and more than 300 unlabeled or unidentified containers, including the bl...
Chemical Downturn Weighs on Dow’s 2025 Results
February 18, 2026Dow Inc. ended 2025 in the red, as sliding prices, lower operating rates and hefty restructuring charges neutralized cost-cutting efforts, according to the company’s year-end investor relations report. Dow produces polyalkylene glycols, silicones and a range of other lubricants, among a very large portfolio of products. The Midland, Michigan-based company reported a fourth-quarter net loss of U.S.$1.5 billion on sales of $9.5 billion, down 9% from a year earlier. Over the full year, revenu...
Renewables Spoil Strong Core Earnings for BP in 2025
February 18, 2026U.K.-based energy major BP reported a profit of $7.5 billion for 2025, underscoring resilient core earnings from fossil fuels despite softer crude prices and heavy impairments in its low-carbon portfolio. Fourth-quarter underlying profit reached $1.5 billion. However, reported results showed a $3.4 billion loss attributable to shareholders in the final quarter, driven largely by roughly $4 billion in post-tax write-downs tied to offshore wind and transition assets, including Archaea and Lightsou...
Briefly Noted
February 18, 2026Chevron Delo TorqForce MP Secures Allison TES 781 Approval Chevron announced that Delo TorqForce MP is the first and only lubricant approved by Allison Transmission to meet the new TES 781\ specification for stationary off-highway applications. Designed for continuous-duty fracturing, pumping and pressure-pumping operations, TES 781 supports Allison 5000–9000 Series and FracTran transmissions in high-load environments. The specification enables extended oil drain intervals of up to 2,5...