Industry News

ExxonMobil has appointed Wade Floyd as president of its Indonesian operations, replacing Carole Gall, as part of its broader efforts to reinforce its presence in the region and support

bp has launched the formal sale process of its Castrol lubricants business, aiming to raise up to USD 10 billion as part of its broader USD 20 billion divestment plan by 2027. Goldman Sachs has been appointed to oversee the

German synthetic fuels pioneer INERATEC has signed a strategic framework agreement with PETRONAS, through its UK-based trading arm PETCO Trading (UK) Ltd. (PTUK), to accelerate the

ADNOC Distribution, in partnership with TotalEnergies Marketing Egypt (TEME), has officially launched its ADNOC Voyager lubricant range across Egypt, marking a major milestone in the UAE company’s regional

Taiyo Holdings Co., Ltd., a Japanese chemical and petroleum group, has received separate buyout proposals from U.S. private equity firm KKR & Co. and Tokyo-based Nippon Sangyo Suishin Kiko Ltd. (NSSK), according to Bloomberg. The offers propose acquiring Taiyo at

Esso SAF has confirmed that its majority shareholder, ExxonMobil France Holding SAS, has entered into exclusive negotiations with North Atlantic France SAS regarding the sale of its controlling stake in Esso SAF

Brenntag SE has announced the appointment of Jens Birgersson as its next chief executive officer and member of the management board, effective 1 September 2025. Birgersson succeeds Dr

Shell Indonesia, a wholly owned subsidiary of Shell plc, has agreed to transfer ownership of its fuel station business (SPBU) in Indonesia to a new joint venture formed by Citadel Pacific Limited and Sefas Group. The transaction, which excludes Shell’s

The European Union’s car market posted a marginal 1.2% decline in new car registrations for the first four months of 2025, compared to the same period last year, according to

Klüber Lubrication has named Christopher J. Licursi as chief executive officer of Klüber Lubrication NA LP, effective 5 May 2025