The European Commission has approved, under the EU Merger Regulation, the acquisition of Houghton by Quaker Chemical, both producers of industrial lubricants. The decision is conditional on the divestment of Houghton’s European Economic Area (EEA) businesses related to certain lubricants used to produce steel and aluminium. Quaker Chemical and Houghton are both active globally in […]

Total SA and Clean Energy Fuels Corp. have entered into a broad strategic agreement to drive the deployment of new natural gas heavy-duty trucks. The French oil and gas company Total, the fourth largest in the world, has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for USD 83.4 million, […]

France’s major oil and gas company Total SA has entered into an agreement with the controlling shareholders of Direct Energie for the proposed acquisition of 74.33% of its share capital, at a price of EUR 42 (USD 52) per share, representing an aggregate acquisition price of approximately EUR 1.4 billion (USD 1.73 billion). “Through this […]

Saudi Aramco will jointly develop and build an integrated mega refinery and petrochemicals complex at Ratnagiri, in the Indian state of Maharashtra with a consortium of state-owned oil companies, which includes Indian Oil Corporation Ltd. (IOCl), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL). The refinery will be capable of processing 1.2 […]

Total SA said it is exploring entering India’s fuel retail market with a local partner. “It’s a big market with big players like Indian Oil and others having thousands of retail stations. It has been recently deregulated. Obviously we are thinking about it,” said Patrick Pouyanne who was in the capital city of New Delhi […]

Total Energy Ventures (TEV), the venture capital arm of French oil major Total SA that invests in start-ups, has acquired an interest in OnTruck, a platform that optimises road freight shipping. Medium-haul road freight shipping (less than 150 kilometers) is a significant and growing market. However, it is extremely fragmented, with a low level of […]

Total Lubrifiants, which is part of the French energy major Total SA, and NEXUS Automotive International (N!), an international group of automotive and heavy-duty parts distributors, have announced a three-year strategic global partnership. Total Lubrifiants will join N! to strengthen its portfolio with high-quality premium oils, while Total lubricant products will receive more exposure through […]

French energy company Total SA and Corbion, a global market leader in lactic acid, lactic acid derivatives and lactides headquartered in the Netherlands, are forming a 50-50 joint venture to produce and market polylactic (PLA) polymers. The two partners plan to build a world-class PLA polymerization plant with a capacity of 75,000 tonnes per year […]

Total Vostok LLC plans to boost its share of Russia’s lubricants market from 3% to 4-5%, according to CEO Fabien Voisin. “Besides lubricants, we also promote special chemistry, special fuels and fuel additives, which improve the quality of locally produced diesel and gasoline fuels, and we also are continuing to develop these business areas and […]

ExxonMobil Corp. is selling its 60% stake in Mobil Oil Nigeria Plc to Nipco Plc, an indigenous downstream oil and gas company in Nigeria. Nipco Plc was incorporated on 8 January 2001 as a private limited liability company and was formerly known as IPMAN Petroleum Marketing Co. Ltd. Mobil Oil Nigeria was incorporated as a […]