Shell Oil Company said last Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017 with a proposed target date of April 1. Originally, the two companies targeted October 2016 for the split of assets.

Mack Trucks last Tuesday announced extended engine oil drain intervals for its newly formulated genuine Mack® Engine Oil EOS-4.5, which is used as the factory fill in Mack’s 2017 engines. Depending on the application, oil drain intervals have been extended by up to 15,000 miles compared with previous formulations.

The Chinese economic growth rate is projected to slow down considerably compared to its historical performance. Real GDP growth has slowed to 6.9% in 2015 and projected to possibly be as low as 4% by 2020, from a high of over 10% in 2010.

BP last Tuesday reported that its underlying replacement cost profit for the fourth quarter of 2016 was $400 million, up from $196 million for the same period in 2015. Reported full year underlying replacement cost profit was $2,585 million, compared with a profit of $5,905 million for 2015.

• Neste Reports Record-High Financial Results 2016
• RelaDyne Acquires Sensmeier Oil Company of Ohio
• Total Marketing Appoints Arabian Supply Center as Official Distributor for Its ELF Lubricants in Qatar
• Shell Pakistan Ltd Signs Three Year Contract with Fatima Group for Supply of Lubricants, Technical Assistance and Services