Shell lubricants volumes fall 25% as group earnings rise
Shell plc sold 66,000 barrels per day of lubricants in the third quarter of 2026, down 25% from 88,000 barrels per day a year earlier and the lowest of any quarter in its quarterly databook, which starts in 2021, the
MRDC to buy Mobil fuel stations in Papua New Guinea
The Mineral Resources Development Company Limited (MRDC) and Mobil Oil New Guinea Limited (Mobil), an affiliate of Exxon Mobil Corporation, have signed agreements for the proposed acquisition of Mobil’s retail service
NTN starts mass production of SP-1 high-speed spindle grease
NTN Corporation (NTN) will start mass production of its High-Speed, Long-Life Grease “SP-1” for machine tool spindle bearings in November 2026, giving customers the volumes they need to evaluate it on
Moeve and Galp end talks on Iberian downstream combination
Moeve and Galp have ended negotiations on a possible combination of their downstream businesses in the Iberian Peninsula, Moeve said on October 26. The talks followed a non-binding agreement the two
New Zealand PM opens Glide’s waste oil re-refinery
Prime Minister Christopher Luxon officially opened Glide’s waste oil re-refinery in Pukekohe on Sunday, October 18. Glide says it is the only facility of its kind in New Zealand. Used oil collected from the
Rancon Lubricants to invest USD 19.65 million in Bangladesh
Rancon Lubricants Limited has signed a land lease agreement with Invest Bangladesh for 6.5 acres of developed land at the National Special Economic Zone in Mirsarai, Chattogram,
PETRONAS, TotalEnergies, Mitsui form JV for Malaysia CCS hub
PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), a subsidiary of Petroliam Nasional Bhd (PETRONAS), TotalEnergies EP CCS Malaysia and Japan’s Mitsui & Co., Ltd. have signed a joint venture agreement (JVA) to develop carbon dioxide (CO₂)
BASF lifts Evonik takeover bid to over EUR 11 billion
BASF SE has raised its takeover offer for Evonik Industries AG to more than EUR 11 billion (USD 12.3 billion), Bloomberg reported on October 23, citing people familiar with the matter. The Ludwigshafen, Germany-based company has made a new bid
PetroChina Lubricant signs Australia deal with Brooks Group
PetroChina Lubricant Company, China Petroleum Technology and Development Corporation (CPTDC) and Australia’s Brooks Group signed a cooperation agreement in Perth, Australia, on October 20. Under the agreement, the partners will provide integrated lubrication solutions to local companies in Australia’s mining,
Shell, ExxonMobil reportedly explore Infineum sale
Shell and ExxonMobil are exploring a sale of Infineum, their jointly owned fuel and lubricant additives business, the Financial Times (FT) reported last week, citing people familiar with the matter. Infineum declined to