Warren Oil Elects to Offer Fully Licensed COASTAL® dexos1™ Motor Oil
Warren Oil Company, Inc. has launched COASTAL® dexos1™ Motor Oil in resource conserving SAE 5W-30 viscosity grade. Fully licensed and meeting the performance requirements of the new GM dexos1™ specification, it also carries ILSAC GF-5 and API SN / SM / SL credentials.
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Lubrizol Significantly Raises Its Earnings Forecast
Lubrizol announced last week that it has updated its longer-term targets for earnings and margins, which it initially released on February 25, 2010. The company continues to project steady earnings growth during the next several years and established a new 2013 goal for earnings of $13.50 per share, an increase of approximately 80 percent compared with 2009 results as adjusted.
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Indian Lubricants Market Shows Strong Growth and Quality Improvements
Besides China, India is the only major economy that did not contract, due to the global recession in 2008-09. While growth rate slowed down towards end of 2008, the Indian economy achieved pre-recession growth by early 2010. This is just some of the findings presented last Wednesday by Kline & Company in a webinar presentation, highlighting insights from its Opportunities in Lubricants 2010: India Market Analysis.
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Third Coast to Triple Capacity
Third Coast Terminals last week announced a major expansion at its facility in Pearland, Texas aimed at tripling capacity, enhancing service and assuring security of supply for customers. Groundbreaking for the expansion occurred in February and the project will be completed in stages with the full completion date scheduled for 2013,
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NYCO AMERICA Announces Two New Synthetic Hydraulic Fluids
NYCO AMERICA last week announced the addition of two new products, HYDRAUNYCOIL EL 4630 and EL 4640, both based on a synthetic carboxylic ester, to its extensive line of Hydraunycoil® Hydraulic Fluids. Applications include both mobile and stationary equipment such as use in off-highway and tunneling operations, as well as off-shore facilities, boats and sluices.
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ExxonMobil Selected by Nissan North America as Preferred Engine Oil Supplier
ExxonMobil Lubricants and Petroleum Specialties has been selected as the preferred supplier of oil engine products for Nissan North America. As a result, Nissan and Infiniti dealers in the United States will recommend Mobil-branded engine oil products for all dealer-based vehicle service and have access to ExxonMobil sales and marketing support.
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Dresser, Inc. to be Acquired by GE
Dresser, Inc., a leading global energy infrastructure company last week announced that an agreement has been reached for Dresser, Inc. to be acquired by GE for $3 billion. The deal includes Dresser Waukesha and all of the other Dresser businesses, which provide products and services for compression, flow technology, measurement and distribution infrastructure.
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Asia Pacific Base Oil Market Remains Quiet
Trading activity in the Asia Pacific base oil market remained weak. The market was stalled on a very quiet sentiment for this past week. Supply is seen to be adequate and experiencing surplus especially in the South East Asia region. Group I base oil spot cargoes were observed heading to Singapore from sources like Thailand, Indonesia and even from China.
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