Group

Vitol response to FERC decision

Vitol Inc. regrets the FERC’s decision to issue an Order to Show Cause against it and denies all of FERC’s allegations.  Vitol believes that its conduct was lawful and intends to defend itself in the appropriate forum. The post Vitol response to FERC decision appeared first on Vitol. Vitol News

Komipo and Vitol sign LNG Memorandum of Understanding

Korea Midland Power Co Ltd (KOMIPO) and Vitol Asia Pte Ltd (Vitol) have jointly announced the signing of a Memorandum of Understanding (MOU) to explore upstream, midstream and downstream project opportunities in liquefied natural gas (LNG). Under an existing long-term Supply and Purchase Agreement (SPA), signed in 2015, Vitol agreed to supply KOMIPO with 400,000 tons of LNG annually for 10 years. Mr Hyung Koo Park, President and CEO of

VPI Immingham proposes to build new gas-fired power station

VPI Immingham is proposing to build a new open cycle gas turbine power station at its site in Immingham, N Lincs.  The new power station would have a generating capacity of up to 299 megawatts of electricity, and would use natural gas supplied through the existing gas connection at the VPI Immingham CHP Plant.  It would be located on land adjacent to the existing power plant. Stage 1 Consultation will commence in

Vitol to partner with Quantafuel to market synthetic fuel made from recycled plastic

Vitol and Quantafuel, a producer of synthetic low-carbon fuel, today announced a strategic partnership. As part of this partnership Vitol will provide an undisclosedamount of financing to Quantafuel and be the sole marketer of the low-carbon fuel produced by Quantafuel’s recycling plants. Quantafuel processes plastic waste into, predominantly, diesel using a highly efficient process and proprietary technology. Currently only 12-14% of Europe’s 25 million tonnes of plastic waste a year is

Vitol 2017 volumes and review

Highlights: Turnover $181 billion (2016: $152bn) Crude oil and products volumes down slightly at 349m mt (2016: 351m mt) Trading over 7 million barrels per day 6,491 ship journeys (2016: 6,089) Continued expansion of mid and downstream portfolio in Africa, Europe and Eurasia Investment in strategic US assets, including through acquisition of Noble Americas Statement from Ian Taylor, Chairman, Vitol: Vitol continues to perform solidly.  Overall volumes held steady at

PRESS RELEASE: Vitol appoints Russell Hardy as Group CEO

Vitol today announced that Ian Taylor has become Chairman of the Vitol Group and Russell Hardy Group CEO. Russell has 30 years’ experience in the oil industry.  He joined Vitol in 1993 from BP and has held a number of trading and management roles in Singapore and London.  He has been a member of the Executive Committee since 2007 and most recently was CEO EMEA with oversight of the company’s

OVH Energy appoints Huub Stokman as CEO

Feb 8, 2017, Lagos, Nigeria – OVH Energy, leading downstream company, has announced the appointment of Huub Stokman as the new Chief Executive Officer (CEO). Prior to his appointment, Huub Stokman was the Head of Puma Energy International in Angola, responsible for the overall business, which included managing retail forecourt, terminal/logistics operations, as well as B2B business for fuels, lubricants, aviation fuels and bitumen. Before joining Puma, he spent over 20

PRESS RELEASE: Vitol completes acquisition of Noble Americas

Further to the announcement in October 2017, Vitol US Holding Co. (“Vitol”) has completed its acquisition of Noble Americas Corporation (“Noble Americas”). A copy of the Noble Group Limited press release relating to the transaction can be found here. Ends Notes to editors: About Vitol Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels

PRESS RELEASE: Harvest Pipeline Company and Vitol Inc. agree to pursue development of a state of the art crude oil terminal in the Port of  Corpus Christi

In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the art crude oil terminal to be located in the Port of Corpus Christi. “The agreement between Harvest Pipeline Company and Vitol is an extraordinary opportunity to help satisfy the growing

PRESS RELEASE: Vivo Energy and Engen Holdings enter into share transaction

Vivo Energy’s retail service station network to expand from 15 to 24 countries in Africa, adding over 300 service stations. Vivo Energy Holding B.V. (“Vivo Energy”) has today agreed to enter into a share transaction with Engen Holdings (Pty) Limited (“Engen Holdings”), a 100% subsidiary of Engen Limited, in relation to the purchase of shares in Engen International Holdings (Mauritius) Limited (“Engen International Holdings”) for the exchange of a shareholding