Volume 12 Issue 51

Oil Tops Energy Supply to 2040

Global energy demand in 2040 will be 35 percent higher than in 2010, with oil, gas and coal accounting for 78 percent of total energy consumption, according to the 2013 edition of ExxonMobils The Outlook for Energy: A View to 2040. The makeup of the worlds energy supply from 2010 through 2040 is expected to evolve in response to changes such as improved living standards, more fuel-efficient vehicles and modern appliances and buildings, along with increased limitations on greenhouse gas emission...

Equity Firm Picks Up J.A.M.

Ridgemont Equity Partners last week acquired J.A.M. Distributing Co., which supplies ExxonMobil, Phillips 66 and other base stocks and lubricants. Financial terms were not disclosed. Jack Purcell, a principal with Charlotte, N.C.-based Ridgemont, said it has looked at and invested in a number of industrial distribution companies over the years. The lube oil space in particular is an area weve been focused on, Purcell told Lube Report. Weve actually looked at a number of lube oil distributors o...

Will Pale Oil Replace Heavy Group I?

LISBON, Portugal-With API Group I base oil producers in Europe facing tumultuous times, one presenter told UEILs 2012 Congress that heavy naphthenic mineral oils present a viable alternative to heavy Group I paraffinics. The refinery system is in an upheaval, Edward Casserly, director of research and development at Jackson, Miss.-based Ergon, Inc., said in an interview following his presentation. Weve been through it in the United States, and its coming to Europe. There are a lot of Group I pla...

Aurora Bags DuBois

Aurora Capital Group acquired DuBois Chemicals, a specialty chemicals company whose products include industrial lubricants and metalworking fluids. The price was not disclosed. Since 2008, DuBois was owned by private equity firm Riverside, which has headquarters in Cleveland and New York. Riverside acquired four add-ons for DuBois, including specialty chemicals manufacturer Galaxy Associates, transportation cleaning products supplier Blendco, metalworking and industrial fluids manufacturer Perk...

Gazprom Widens Lube Sales Reach

Russian lubricants marketer Gazprom Neft-SM expanded its sales network to Germany, Ukraine, Turkey and Iraq, the company said last week. Earlier this month the company started to sell its G-Energy motor oils in Germany. “Our official distributor there is DW Oil, one of Europe’s biggest importers of petrochemical products,” Gazprom Neft-SM said in a Dec. 19 press release. G-Energy motor oils in Germany were rolled out during the Essen Motor Show, Dec. 1 through 9, an important ...