Gulf Oil International this past Friday celebrated the official opening of its new state-of-the-art blending plant in La Reja, a province of Buenos Aires. The plant has the capacity to blend 24,000 tons per year and has an initial production target of 6,000 tons per year, expected to grow to 15,000 tons annually in five years.

GE has agreed to acquire Lufkin Industries, a provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, couplings and bearings. The deal is reportedly worth approximately $3.3 billion and is expected to close in the second half of 2013.

• SK Lubricants Announces Increase in Its Group II+/III Yubase USA Base Oil Postings by 15 -30 CPG
• Shell Considering Sale of Selected Downstream Businesses in Italy .... Lubes Excluded
• Fire at ExxonMobil's Beaumont, Texas, Refinery Injures 12 Workers
• NanoMaterials’ New Generation Anti-Friction and Anti-Wear Lubricant Nano-Additives to be distributed throughout Italy by NanoProfix®
• Albemarle 1Q Sales and Profit Fall