Post Tagged with: "Vitol"

Source: Reuters

EXCLUSIVE-Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say

Nasdaq


MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said …

Source: Reuters

Top global energy traders face multi-billion cash quandary

Nasdaq


LONDON – As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash.

Most trading houses, which are privately owned …

February 26, 2024 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Oil-trading giant Vitol eyes shale expansion with new venture

World Oil


(Bloomberg) — Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years.

The trader and Austin, Texas-based driller ATX …

Source: Reuters

Exclusive: Ecuador weighs suit against Vitol in wake of graft revelations, sources say

Reuters


QUITO/RIO DE JANEIRO – Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge …

December 11, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Mexico to investigate Vitol bribe allegations, president says

Reuters


MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex).…

December 10, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Houston Chronicle

Oil traders made billions in 2019 as conflict shook the market

Houston Chronicle


The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.

The bonanza extended beyond the …

LNG Canada Gets Another Buyer

LNG Canada Gets Another Buyer

From Reuters

LONDON (Reuters) – LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol.

Royal Dutch Shell decided in October to …

November 29, 2018 - 12:41 pm Canada, Closing Bell Story‎, Energy News, International, LNG
Permian Moves:  Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Permian Moves: Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Sunoco acquisition of Vitol’s Permian assets expands the company’s midstream infrastructure at the premier plays in the country

Netherlands-based energy trader Vitol Group announced last week that its partner in its Permian Basin crude oil system, Pennsylvania-based MLP Sunoco Logistics …

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

1.45 Tcf gas, 5MMBO project is 12% of 2015’s Foreign Direct Investment in Africa: Ghana President

The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil …

January 28, 2015 - 1:38 pm International, Offshore, Oil and Gas 360 Articles