Search results for: vitol

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  • 1 April 2020

    Vitol Marine Fuels, a unit of the Vitol Group, has acquired the Singapore-based bunkering specialist Sinanju Tankers Holdings (Sinanju).

  • 26 March 2018

    Commodity trading company Vitol nearly tripled its traded volumes of liquefied natural gas last year as the LNG market continued to grow. Vitol traded 7.4 million tonnes of the chilled fuel in 2017, the company said on Monday. This compares to 2.6 million tonnes of LNG Vitol traded in 2016. “In LNG, where we have […]

  • 22 February 2011

      Vitol Group published its Group report for the period ended 31 December 2010. Total traded volumes for the Group in 2010 rose 25% to around 394 million metric tonnes (mts) from 316 million mts in 2009, helped particularly by higher crude oil, electricity and natural gas volumes. Revenues for 2010 totalled $195 billion, up […]

  • 1 April 2020
    Business & Finance

    Vitol Marine Fuels acquires 100 percent of Singapore-based bunkering specialist Sinanju Tankers Holdings.

  • 29 November 2018
    Project & Tenders

    Commodity trading company Vitol signed a binding heads of agreement with the Malaysian energy giant Petronas for a long-term LNG sale and purchase deal. 

  • 18 September 2019
    Business & Finance

    H-Line and Vitol have entered into a ten-year time charter agreement for an LNG carrier newbuild.

  • 15 June 2017
    Business & Finance

    Vitol Netherlands has acquired 19.62% of the total voting capital of Latvian Shipping Company (LSC), LSC said citing a notification from energy and commodities company Vitol. This is equivalent to a total of 39,249,118 shares in the tanker shipping company. The sum Vitol paid for the shares was not disclosed. Since 2002, the largest shareholder of LSC has […]

  • 12 August 2011
    Business & Finance

    The Vitol Group today announces the sale of its 68.62% interest in the Galoc Production Company WLL (GPC), operator of the Galoc oil field, to its co-shareholder Otto Energy Limited for a total consideration of US$54 million. GPC was set up as a Vitol subsidiary in 2005 to hold a 58.29% participating interest in the […]

  • 13 February 2013

    Vitol Anker International B.V., a wholly owned subsidiary of The Vitol Group, announced that it intends to make an offer to buy all of the outstanding common shares of Canada’s oil company Sterling Resources Ltd., not beneficially owned by Vitol Anker and its affiliates, for cash consideration of $0.85 per share in a transaction which […]

  • 8 November 2013
    Business & Finance

    Rialto has completed the previously announced transaction with Vitol E&P (“Vitol”) and also signed a new Production Sharing Contract (“PSC”) for Block CI-202, offshore Cote d’Ivoire, replacing the previous PSC. As announced on 16 September 2013, Rialto already had in place a Memorandum of Understanding (“MoU”) with the Cote d’Ivoire Ministry of Petroleum & Energy […]

  • 27 February 2019

    Korea Midland Power (KOMIPO) and Vitol Asia have signed a memorandum of understanding (MOU) on cooperation in various sectors including liquefied natural gas. 

  • 13 March 2017

    Pakistan’s distributor of petroleum products, Hascol Petroleum has set up a separate company to explore the business opportunities in the LNG sector.

  • 19 April 2019

    Commodity trading company Vitol saw its liquefied natural gas business grow over the past year with the volumes of traded chilled fuel increasing.

  • 19 September 2019
    Project & Tenders, Vessels

    Commodity trading company Vitol and Korean shipping company H-Line Shipping have entered into a 10-year time-charter agreement for a newbuild LNG carrier.

  • 22 August 2018

    Vitol has informed that gas deliveries have begun to GNPC from the Offshore Cape Three Points area’s Sankofa field offshore Ghana.

  • 10 November 2014
    Business & Finance

    In a statement emailed to World Maritime News, Viva Energy Australia denied the Maritime Union of Australia’s claims about taking Swiss multi-billion company Vitol to the Fair Work Commission (FWC) over its alleged decision to fire the MUA members working on board the product tanker Tandara Spirit. Viva Energy’s spokesperson Jessica Marriner said that “Viva Energy is an independent and locally […]

  • 22 November 2018
    Business & Finance

    KSS Line is renewing its LPG transportation contract with Vitol.

  • 18 January 2012

    Grindrod Limited, the JSE listed integrated logistics services supplier and the Vitol Group, one of the world’s largest energy trading businesses, have entered into an agreement effective 1 January 2012. Vitol will acquire from Grindrod a 35% interest in the company which owns the Maputo coal terminal concession for a consideration of US$67.7 million. In […]

  • 19 March 2019
    Business & Finance

    The acquisition is expected to be completed in the second quarter of 2019.

  • 20 April 2017
    Project & Tenders

    Energy and commodity trading company Vitol signed a multi-year LNG purchase agreement with Gazprom Marketing & Trading’s Singapore unit.

  • 8 December 2010
    Business & Finance

    Vitol SA has been awarded the contract to be the exclusive marketer of Tullow Oil’s share of production from the Jubilee field, offshore Ghana. First Oil is expected on December 15th 2010. Jubilee crude oil is a light, sweet crude oil that was discovered offshore Ghana in 2007. The field was named ‘Jubilee’ in celebration […]

  • 18 September 2019

    Commodity trading company Vitol and ENH, the National Oil Company of Mozambique have launched a joint venture commodity trading company focusing on LNG.