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Monday, August 31, 2015   VOLUME 11 ISSUE 35  
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Buffett's Berkshire Acquires $4.48 Billion Stake in Phillips 66

Warren Buffett's Berkshire Hathaway disclosed a $4.48 billion stake in Phillips 66, according to a Reuters news report this past Saturday. The 57.98 million-share stake was revealed in a filing last Friday night with the U.S. Securities and Exchange Commission.

[FULL STORY]

HCS Group Acquires Castrol's Stake in EOS JV

HCS Group last week completed its acquisition of Castrol’s 50% stake in the two companies’ Electrical Oil Services (EOS) joint venture, UK's leading supplier of transformer oils to the electrical industry. HCS Group is now the sole shareholder in the company based in Stanlow in the UK.

[FULL STORY]

Albemarle to Relocate Its Corporate Headquarters to Charlotte, N.C.

Albemarle announced last Tuesday that it will relocate its corporate headquarters from Baton Rouge, La. to Charlotte, N.C. Albemarle produces SpectraSyn(TM) polyalphaolefins (PAO) basestock for ExxonMobil Chemical at its Pasadena, Texas plant.

[FULL STORY]

AP Oil Launches China JV

Singapore-based AP Oil International Ltd announced the incorporation of a new subsidiary, AP Oil Singapore (Chongqing) Ltd., in Chongqing, PRC. The company holds 51% of the registered capital of AP Oil Chongqing. The remaining 49% is held by Chongqing New Era Lubricant Co, Ltd.

[FULL STORY]

Saudi Total Plans for SR25 Million Blending Plant Expansion

Saudi Total has announced plans to invest SR25 (US$6.7) million to expand its plant located at the Industrial Valley in King Abdullah Economic City (KAEC) to reach an annual capacity of 42,000 tons and to keep pace with rising demand for its products, including Total oils and lubricants.

[FULL STORY]

Pertamina Fastron Named Official Oil for All Lamborghini Dealers Globally

PT Pertamina Lubricants, a subsidiary of state-run oil and gas firm PT Pertamina, has collaborated with Lamborghini to conduct lubricant research for super fast and high-tech vehicles. Pertamina Fastron has been named as the official car oil for the 129 Lamborghini dealers around the world.

[FULL STORY]



  • Calumet to Decrease Prices on All Its Naphthenic Base Oils by 17 CPG, Effective September 3
  • Ergon Decreases Price of Its Naphthenic Base Oils by 10 to 17 CPG Effective August 27
  • Evonik’s Oil Additives Business Announces Addition of Two Technical Service Managers to its Americas Technology Center: Alexei Kurchan and JoRuetta Ellington
  • NYCOBASE 43608 FG Ester Base Stock Earns NSF HX-1 Registration


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