Cummins has announced that with the use of its Cummins OilGuard program, which is provided free of charge for X15™ Efficiency Series and X15 Performance Series engines to customers that will use the combination of engine performance data and engine oil analysis to safely optimize ODIs up to 80,000 miles (128,000 km).
Saudi Aramco and Shell Update Separation of Motiva
Saudi Aramco and Royal Dutch Shell announced last Monday the signing of binding definitive agreements between Saudi Refining, Inc. (a wholly owned subsidiary of Saudi Aramco) and SOPC Holdings East LLC (a U.S. subsidiary of Shell) on the separation of assets, liabilities and businesses of Motiva Enterprises.
BP Updates Details of Its Strategy and Plans for Next Five Years
BP has updated the details of its strategy and medium-term plans for the next five years. Group chief executive Bob Dudley and his management team are now setting plans for BPs growth for the next five years.
Big Week for Lube Base Oil Price Increase Announcements
This past week, Chevron, HollyFrontier, Ergon, Petro-Canada, Calumet, Phillips 66, ExxonMobil, Paulsboro Refining and Motiva all announced price increases on their paraffinic lube base oils. These price increases ranged from 10 - 23 cents per gallon.
Vertex Energy Reports 4Q16 Revenues of $31.1 Million, Up 49% from 4Q15
Vertex Energy announced last Wednesday its financial results for the fourth quarter and year ended December 31, 2016. For the fourth quarter, revenues were $31.1 million, a 49% improvement from a year ago. For the full-year, gross profit was $16.3 million, compared to $10.7 million for 2015.
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