Home June 18, 2019

June 18, 2019

Volume 2 Issue 25

Neste Settles Dispute With Bapco

Finnish refiner Neste announced the settlement of a previously undisclosed dispute with Bahrain Petroleum Co. and Nogaholding, its partners in a joint venture API Group III base oil project in Sitra, Bahrain.

Natural Gas Engines Thirst for Oil to Grow

Demand for engine oil used in natural gas engines is projected to grow over the next few years as governments push for cleaner fuel alternatives, according to a market report by consultancy firm Kline & Co.

EAL Performance Triggers Rules Update

Norway-based classification society DNV GL will update its shaft alignment design rules to differentiate between environmentally acceptable lubricants and mineral oils in stern tubes effective July 1, adding a viscosity influence parameter to existing lubrication rule criteria for the aft most propeller shaft bearings.

Briefly Noted

Lukoil Marine Lubricants renewed an agreement with Kuwait Oil Tanker Co., a subsidiary of Kuwait Petroleum Corp., to supply its full fleet of tanker vessels with marine lubricants. Al Manar Trading & Distribution Co. agreed to a deal with Total to exclusively distribute Elf-brand lubricants, including engine oils and hydraulic oils, in Egypt.

Base Oil Reports

purple world americas

EMEA Base Oil Price Report

Prices for API Group I base oils are mostly stable throughout Europe, the Middle East and Africa, thanks to a number of interlinked developments that have altered supply-demand balances - to the point that some sources are even forecasting shortages.-by Ray Masson
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