Category: Castrol
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Stonepeak to acquire majority controlling interest in Castrol from BP
Stonepeak to acquire majority controlling interest in Castrol from BP New York City-headquartered investment firm Stonepeak is to acquire a majority controlling interest in Castrol from BP p.l.c. in a transaction valuing the business at an enterprise value of approximately $10.1 billion. BP will retain a 35% minority interest in Castrol as part of the…
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Op-Ed: Overcoming shipping’s complexity challenge
Op-Ed: Overcoming shipping’s complexity challenge By Richard Leahy, technical service manager, Castrol The maritime industry faces extraordinary complexity. Today’s specialized global fleet—from dry and wet cargoes to passenger vessels—is a remarkable achievement of modern engineering that continues to evolve in sophistication and capability. Examining these ships reveals an intricate interplay of processes, machinery and crew.…
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New Castrol Biostat ST meets EPA VDA requirement
New Castrol Biostat ST meets EPA VDA requirement Castrol has launched a new stern tube oil range, Castrol BioStat ST. The stern tube oil range is for use in stern tubes, CPP systems and stabilizers. It has been developed and tested to comply with the U.S. Environmental Protection Agency Vessel Incidental Discharges Act (VIDA) 20182,…