Industry News

ExxonMobil on Tuesday held an opening ceremony for its residual upgrade project on Jurong Island, marking the formal commissioning of new units designed to produce higher-value lubricant base stocks and lower-sulphur fuels in Singapore. The project introduces new processing

U.S.-based automaker Ford Motor Co. said it is shifting capital investment toward trucks, hybrids and more affordable electric vehicles (EVs) as it seeks to restore profitability and apply stricter discipline to its electrification strategy. The automaker said the revised

Development of the replacement fuel economy test for ILSAC GF-8 will restart after the International Lubricants Specification Advisory Committee (ILSAC) said the proposed hardware does not reflect modern engine designs and fails to deliver the fuel-economy discrimination required for

Moresco, a Japan-based specialty lubricant and chemical manufacturer, will merge two wholly owned U.S. subsidiaries on 1 January 2026 as part of efforts to consolidate its North American operations and strengthen its global business

Lloyd’s Register (LR), EXMAR, and the Belgian Federal Public Service for Mobility and Transport have completed work on new international guidelines governing the safe use of ammonia cargo as marine fuel, following more than two years of development and

The Lubricants Group of the American Petroleum Institute (API) has agreed to ballot three key motions for the next heavy-duty engine oil category, Proposed Category 12 (PC-12), a move that would pave the way for first licensing on

IMCD Group has appointed Clara Fabre as its new business group director for Lubricants & Energy, effective 1 January 2026. She succeeds Marco Maddedu, who will focus on leading IMCD Italy following the company’s acquisition

Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding with Sinopec Zhejiang Zhoushan Petroleum and Marubeni Corporation to establish a long-term supply

ExxonMobil has raised its corporate plan to 2030, forecasting stronger earnings, higher cash flow and deeper cost reductions as part of its multi-year transformation. The company now expects earnings to grow by USD 25 billion and cash flow by USD

Idemitsu Kosan has started supplying a biofuel blend for oceangoing vessels, becoming the first Japanese oil refiner to do so. The company announced that it has begun offering a