Bijur Delimon International has acquired Delimon Protos India Private Ltd., a centralized lubrication systems and services supplier which Bijur already partially owned. Morrisville, N.C.-based Bijur Delimon International, which manufactures and distributes centralized lubrication products and components,announced the acquisition for an undisclosed amount on Thursday.Delimon Protos India will immediately merge with Bijur Delimon International and will operate under the name of Bijur Delimon India...

Shell Overseas Investment BV of the Netherlands will acquire Bharat Petroleum Corp. Ltd.s 49 percent shareholding in theirIndian lubricant marketing joint venture, Bharat Shell Ltd., for an undisclosed amount, Shell announced Feb. 21. According to the statement,the companies claimed the venture was successful but believed that the time was right for each to focus on their own specific lubricants brands, building them independently in India. The agreement is subject to regulatory and government a...

LONDON – Global demand for both lubricants and base oils will rise more than 6 percent from 2005 to 2010, a Total executive predicted. The worldwide shift to higher quality base oils could result in more than 6 million metric tons of new Group II and Group III capacity coming online by 2013, all in the Asia-Pacific region. Alain Faure, Total Lubricants Paris-based director of base oils and waxes, described the worlds base oil supply picture at the 11th ICIS World Base Oils Conference here ...

Milacrons Industrial Fluids segment on Friday reported increased profits for the fourth quarter, and for the full year. The segment, which supplies metalworking and industrial fluids,posted a net income of $4.1 million for the quarter, up 13.9 percent from the same period in 2005. The company attributed theincreases primarily to improved pricing. Segment earnings for full-year 2006 improved 24.1 percent to $10.8 million. The segments quarterly sales declined slightly to $29 million, down from $3...

Qatar Petroleum and Exxon Mobil Corp. jointly announced plans to cancel their gas-to-liquids fuels and base oils project – first announced in 2004 at an estimated $7 billion cost – and instead pursue development of the Barzan gas project in the North Field of Qatar. The cancellation may spur to action companies with Group III base oil plans on the boards, but industry sources remain confident ExxonMobil will still build a GTL base oil plant at some point. The initial phase of the Bar...