Shell Lubricants

Energy giant Shell deepens India market reach through Raj Petro acquisition

Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over USD 5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group. "I think the acquisition of Raj Petro marks a very important and a significant milestone for the lubricants business in the country. India is the third biggest lubricants market and from our strategic intent India is one of the important growth markets. "So we have always been looking at ways by which we can serve more consumers with more products at the right price points," said Mansi Madan Tripathy, Chairman of Shell Group of Companies in India and Vice President - Lubricants Asia Pacific. Without disclosing

Shell acquires Raj Petro Specialities to strengthen lubricant portfolio

Shell Lubricants completed the acquisition of Raj Petro Specialities, strengthening its lubricants portfolio and customer base, the company said on Tuesday. Without disclosing financial details of the transaction, Shell said it has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group. "The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets," it said in a statement. Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide range of products - from transformer oil to petroleum jellies, white oils, waxes and lubricants. The more than 80-year-old Mumbai-headquartered firm was in 2017-18 acquired by Germany's Brenntag. "The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to real

Shell Petroleum decides to sell its shares, exit Pakistani market

According to the Shell Pakistan spokesperson, the announcement of the sale of shares by the global petroleum giant company will not affect the business operations of the company

Shell CEO pay up by 50% to $12mn as soaring energy prices boosted profit

The pay package for Shell's CEO jumped by half last year to nearly USD 12 million, the fossil fuel giant said on Thursday, as oil and gas companies made record profits from skyrocketing energy costs that have driven a cost-of-living crisis. London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia's war in Ukraine sent oil and gas prices soaring. Van Beurden's pay includes a 2.6 million-pound bonus and 4.9 million pounds worth of stock, according to the company's annual report. Van Beurden stepped down at the end of last year and was replaced by Wael Sawan, who will be paid a base salary of 1.4 million pounds and a bonus that's expected to be bigger than the salary, the report said. Demands have increased for oil and gas companies raking in huge profits to do more to reduce high energy costs that are hurting consumers and small businesses. Opposition lawmak

LNG traders absorb huge losses as supply outages hampers European store

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a LNG supply gap after several outages hampered efforts to fill European storage

Shell smashes record again with $11.5-bn Q2 profit, announces $6-bn buyback

Refining margins triple in second quarter; strong gas and power trading lift profits

This winter, Europe could face energy rationing, warns Shell CEO

European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief exec has said, the media reported.

We want to fully embrace electrification, says Shell Lubricants CMO

There is immense potential for lubrication and maintenance services to deliver significant business value, said Flood

Shell Lubricants' new digital campaign glorifies industry collaborations

The new digital film takes forward the thought put across last year in Shell's first global brand positioning campaign, 'Together anything is possible'

Shell Lubricants to lean on smaller business segments to achieve target

Shell Lubricants is planning to focus on some of the segments where it has comparitively less presence so far, in order to achieve its target of becoming the largest international lubricant player in the country in the next three years. The company is already a leading player in the wind turbine, construction and general manufacturing, while it has a small presence, with less than one per cent market share, in segments such as Petrochemicals, fertilisers, textiles and defence. The plans are to increase the market share in these sectors to five per cent in next three years, said Siva Kasturi, global OEM Manager - India and South East Asia, Shell Lubriants."At this point of time we are heavily focusing on general manufacturing, construction and power. We wanted to continue our technology leadership in primarily the defence application and we want to focus more on mining and power business as well," he said.In industrial lubriants market, the company has a five per cent marketshare in ...