According to a news release from the office of Contra Costa County District Attorney and the California Department of Justice, Chevron announced on August 5, 2013 that it pleaded no contest to six criminal charges arising from an August 6, 2012 incident at their Richmond, Calif. refinery. Chevron agreed to pay $2 million dollars in fines and penalties.

The board of directors of Hyderabad, India-based Gulf Oil Corporation Limited (GOCL), a Hinduja Group company, last Thursday approved the demerger of its lubricants division and transfer to a wholly-owned newly created subsidiary Hinduja Infrastructure Limited (HIL).

Calumet last Wednesday reported net income for the second quarter of $7.8 million compared to net income of $65.7 million for the same quarter in 2012. Adjusted EBITDA was $70.0 million for the quarter, as compared to $122.3 million in the second quarter of 2012.

Gardner Denver, Inc. has announced that at a special meeting Gardner Denver shareholders voted overwhelmingly to approve the proposed definitive merger agreement with Kohlberg Kravis Roberts & Co. in a deal valued at approximately $3.9 billion

The 12-chart series of the Sixth Edition of our Synthetic Industrial Lubricant Cross Reference Chart Series is now complete. We plan to add Synthetic Base Stocks, to be published within the next two weeks, and plan to then publish our Synthetic Industrial Lubricant Cross Reference Chart Book in early September.

• Motiva Raises Its Group II Base Oil Prices 10 - 15 CPG Effective August 8
• HollyFrontier Reports 2Q Net Income of $257.0 Million Compared to $493.5 Million for 2Q2012
• Fluitec Further Expands into the Middle East and Africa: Opens Office in UAE
• Petronas Further Delays US$19 Billion Refinery Project
• India's Government to Sell 10% of Its Stake in Indian Oil Corporation (IOC), With Aim of Raising INR3,750 crore (US$612.3 Million)
• Petrobras Net Income Up at R$13.894 Billion in First Half of 2013
• Cosan Posts 2Q 2013 Net Loss of R$198.0 (US$96.1 Million) Compared With Loss of R$17.1 (US$8.7 Million)