ExxonMobil Corp. on Monday named Jerry Kohlenberger president of ExxonMobil Lubricants and Petroleum Specialties Co. Effective Jan. 1 he will succeed Steve Pryor, who will become executive vice president of ExxonMobil Chemical Co. Kohlenberger was also appointed a vice president of the parent company. He joined Mobil as a project engineer in 1974 and has held a variety of engineering, planning, supply, supervisory and management positions. He is currently president of ExxonMobil Global Services,...

Fuchs Petrolub AG reported that its sales for the first nine months of 2001 increased 5.6 percent from last year, despite a decrease in global lubricant demand. Net sales for the period ended Sept. 30 were Euro 710.6 million (U.S. $633.3 million). Although that marked an improvement from the previous year, net income fell 16.1 percent, to Euro 12.5 million, due to higher financing costs and non-recurring expenses. The Mannheim, Germany-based global lube producer noted that October sales rebounde...

ExxonMobil Corp. has reached an agreement to buy Indian Oil Corp.s 50-percent stake in Indo Mobil Pvt. Ltd. This isthe latestbreak-up of a lubricants joint venture between an international oil major and a publicly owned Indian petroleum company, and comes as India prepares to deregulate its entire oil sector in March. Indo Mobil was formed in 1997, a year before Mobils merger with Exxon, which has a history of preferring to do business on its own. India is a promising market and we take a long v...

Syntroleum Corp. has secured all major contracts necessary for construction of its gas-to-liquids specialties plant in Western Australia. But the project still must clear a big hurdle: securing financing during a skittish investment environment. Its going to be tough to finance this project right now, Global Sales and Marketing Manager Michael DOnofrio said during a telephone interview last week. Between the recession, the hit that crude prices have taken and now the [bankruptcy of energy giant ...