BP and Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, BP and RIL teams have worked closely over the past few months in a challenging environment to complete the transaction as planned. BP has paid RIL USD1 billion for…
Efforts by the Trump administration to roll back the U.S. fuel economy standards set by the previous administration were confirmed with the release of the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule on 31 March 2020. The new regulation revises the standard that applies to passenger cars, pickup trucks and SUVs and will affect vehicles starting…
Brenntag , the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Oils ‘R Us Co., Ltd. headquartered in Thailand. Oils ‘R Us was established in 2006 as a trade marketing and distribution services for ExxonMobil lubricants. The company has a diversified customer base as it distributes a wide range of…
ACEA, the trade group representing 16 major Europe-based car, van, truck and bus makers, has requested the European Commission for a six-month postponement of new Euro 6 standards due to significant build-up of inventory stocks resulting from the Covid-19 shutdown. European emission standards define the acceptable limits for exhaust emissions of new vehicles sold in…
Chevron Products Company, a division of Chevron U.S.A. Inc., has signed a base oil distribution agreement with YPF S.A. (YPF), a vertically integrated Argentine energy company headquartered in Buenos Aires, Argentina. YPF, which has been well established in Argentina since 1922, has an intimate understanding of the challenges and opportunities in the market. YPF will…
Immersion cooling has gained eminence across a variety of industries where heat dispersion is critically important. In many such industries, conventional or active cooling methods are either too costly or inefficient at removing the volume of heat generated. Data centers consume an inordinate amount of energy in a low-efficient manner. As the power density of…
Nynas announced the launch of NYNAS® BT 22, the latest base oil to be added to the Nynas portfolio, for metalworking and lubricants applications. High in naphthenic carbon, NYNAS® BT 22 will be greatly appreciated in a market where the 22 cSt viscosity is much sought after. NYNAS® BT 22 is a highly refined base…
ExxonMobil Qatar has announced the appointment of Dominic Genetti as president and general manager effective July 1st. Genetti, who previously served as ExxonMobil Qatar’s vice president and executive director of Joint Ventures, will succeed Alistair Routledge. After eight years at ExxonMobil Qatar, Routledge has been appointed general manager of Esso Exploration and Production Guyana Ltd.,…
Total Lubrifiants, the world’s fourth-largest international energy company in the lubricants market, and Energica Motor Company, the Italian manufacturer of high-performing electric motorcycles, announced yesterday a new international partnership until the end of 2022. Total Lubrifiants becomes the Official Sponsor and Industrial Partner of Energica. Total Lubrifiants has consolidated its position as a key player in…
Total Lubrifiants, the world’s fourth-largest international energy company in the lubricants market, and Energica Motor Company, the Italian manufacturer of high-performing electric motorcycles, announced yesterday a new international partnership until the end of 2022. Total Lubrifiants becomes the Official Sponsor and Industrial Partner of Energica. Total Lubrifiants has consolidated its position as a key player in…