Lubrizol and Lanxess are amongst the latest lubes and additive suppliers to announce new product as the industry faces the challenge of rising development costs to meet the low-viscocity trend.
Chinese oil giant Sinopec claims its products will meet the latest emissions standards and announces a major refinery expansion programme
Tencent and Alibaba are teaming up with Sinopec and CNPC, respectively
Capitalising on low prices, China is buying near record amounts of Saudi oil
Lubes demand peaked in 2012 and the industry adapting to less favourable conditions
The Chinese major may part with $3bn to purchase a controlling stake in the plant from Dragon Aromatics\n
Energy M&A slows down as Chinese firms concentrate on improving their domestic offering, creating more competition for international firms in the region
Sinopec, CNPC and CNOOC are scaling back on investments both at home and abroad
Wärtsilä has developed propulsion systems which are compatible with environmentally acceptable lubricants (EALs). Meanwhile BP & Sinopec sign Singapore marine JV.
Two majors to collaborate on a marine bunkering business through new JV