Post Tagged with: "Trafigura"

Source: Reuters

Commodity trader Trafigura nearly doubles profit to hit record in FY 2021


Global commodity trader Trafigura Group made a record net profit for a second year running in its 2021 financial year after a strong performance across divisions and significant energy market dislocations.

The Geneva-based company posted a net profit of

Source: Reuters

Vista Oil, Trafigura to develop oil wells in Argentina


BUENOS AIRES – Latin American oil company Vista Oil & Gas and Geneva-based Trafigura on Monday signed a deal to jointly develop 20 wells in Argentina’s Vaca Muerta shale oil deposit, the companies said in a statement.

The investment …

Source: Reuters

Traders beef up U.S. renewable fuel teams as demand soars


Commodity merchants and investment firms such as Citadel, Gunvor and Trafigura are bolstering U.S. teams that specialize in trading renewable fuels as demand soars, according to people familiar with the matter.

Many trading firms already have an established presence …

Source: Reuters

Trafigura to buy Sonangol’s Puma Energy stake for $600 million


LONDON -Global commodities trader Trafigura has agreed to buy Angolan state oil giant Sonangol’s 31.78% stake in loss-making Puma Energy for $600 million in a step towards raising its holding to more than 90%.

Trafigura and Puma said in …

Source: Reuters

Trafigura forms venture with Phillips 66 for deepwater Texas oil port


LONDON – Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 (PSX.N) to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing …

February 28, 2020 - 2:30 pm Closing Bell Story‎, Energy News, Marine Shipping
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 …

Corpus Christi, San Patricio County Join Opposition Against Trafigura Terminal

Corpus Christi, San Patricio County Join Opposition Against Trafigura Terminal

From Caller Times

Local opposition is continuing to grow against a proposed offshore terminal that could be located near the Padre Island National Seashore, with several governmental entities asking Gov. Greg Abbott to put a stop to it.

One week …

December 12, 2018 - 1:43 pm Closing Bell Story‎, Energy News, Offshore
Mt. Astra (Suezmax) Leaving Corpus Christi ship tanker

Another Deepwater Oil Port for Texas

Largest U.S. crude and condensate exporter in 2017 is behind the project

From Offshore Technology

Multinational commodities trader Trafigura has applied for permission to build a deepwater oil port in Texas, US, capable of accommodating supertankers, in order to increase …