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May 24, 2019

Volume 6 Issue 21

GP Petroleums’ Q4 Profit Surges

India’s GP Petroleums reported about a 35 percent year-on-year jump in its fourth-quarter net profit as lower expenses and other income more than offset the impact of weak sales. read more

Petronas Chemicals Buys BRB

Petronas Chemicals Group Bhd of Malaysia agreed to acquire Netherlands-based lube oil additive manufacturer BRB International B.V.’s holding company for €163 million (U.S. $182 million) in cash, according to a May 16 Petronas filing with the stock exchange of Malaysia. read more

Briefly Noted

Shell India opened its first lubricants laboratory within the country, located in the company's technology center in Bangalore.