Vitol GPC Investments Company News

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Traders Advise Caution on Surging Oil Prices
Monday, February 08, 2021The world's largest independent oil trader, Vitol SA, joined rival Gunvor Group Ltd. in expressing caution about the recent surge in crude prices.

Proposal Would Make Oil Traders Liable for Human Rights Lapses
Friday, October 23, 2020Switzerland's commodity traders are crying foul over a widely supported proposal that would make them liable for lapses on human rights and environmental standards abroad.

Demand Accelerates for Floating Fuels Storage
Wednesday, September 16, 2020Big oil traders are rushing to book tankers with a view to storing a glut of refined petroleum.

Vitol Boosts Cheniere's Growth Plans with 15-year Deal
Monday, September 17, 2018The deal 'continues Cheniere's commercial momentum and supports our growth plans,' stated the company's CEO.

Vitol Launches Viva Energy Float, Australia's Biggest In 4 Years
Wednesday, June 20, 2018Vitol kicked off the planned $3.7B float of its Australian refinery and fuel supply network Viva Energy.

Noble Americas to Cut 150 Employees Ahead of Vitol Sale
Friday, December 22, 2017Noble Americas is cutting employees in its Houston and Connecticut offices prior to its sale to Vitol.

World's Biggest Oil Traders See Wildly Diverging Crude Price
Thursday, October 19, 2017The world's biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting.

Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.

Glencore Strikes Multi-Year Purchase Deal With Angola LNG
Wednesday, September 20, 2017Glencore is to buy LNG supplies from Angola LNG over a multi-year period.

Cyprus Secures 15 Bids for Gas Exploration
Friday, May 11, 2012Cyprus said that 29 companies had made 15 bids for exploratory drilling in a second round of licensing to exploit offshore O&G deposits despite strong objections from Turkey.

Bowleven Agrees to Option Agreement Extension for Etinde Permit
Friday, April 01, 2011Bowleven has agreed an extension to the option agreement with Vitol in respect of the Etinde Permit.

US House OKs Bill Targeting Cos Invested in Iran Energy Sector
Thursday, October 15, 2009The U.S. House of Representatives Wednesday overwhelmingly approved a bill to censure firms such as StatoilHydro, Total and Vitol, which continue to conduct energy business with Iran as it seeks to develop its nuclear weapons program.

Providence Shoots New 2D Seismic Offshore Nigeria
Friday, October 02, 2009Providence Resources has announced the successful acquisition of a new 2D seismic survey over its Oil Mining Lease 113 in the Benin Embayment, offshore Nigeria.

Eni Enters Offshore Ghana with Majority Stakes
Monday, September 28, 2009Eni has entered Ghana through the acquisition of majority stakes in the Offshore Cape Three Points and Offshore Cape Three Points South exploration licenses.

GNPC, Vitol Find Oil and Gas at Cape Three Points Block
Wednesday, September 16, 2009The Sankofa -1A well drilled in its Cape Three Points Block, offshore Ghana, has encountered a net hydrocarbon column.

Providence Says AJE 4 Meets Pre-drill Expectations
Tuesday, June 03, 2008Providence Resources announced the final AJE 4 Well Results, which include five hydrocarbon bearing zones logged with gross pay of 690 feet and an Albian deep exploration target confirmed as hydrocarbon bearing.

Providence Confirms AJE Appraisal Well Drilling Offshore Nigeria
Tuesday, December 18, 2007Following a recent Providence AJE Operating Committee meeting, the drilling of a further well on the AJE Field, located in OML113, offshore Nigeria has now been confirmed.

Arawak to Acquire Stake in Saigak
Tuesday, June 05, 2007Arawak Energy Corp. has entered into an agreement, subject to certain conditions, under which it expects to acquire Saigak Investments BV (SIBV), a company that has a 40% participating interest in the Saigak field in Western Kazakhstan.

Granby: Partners, Regulators Okay Galoc Development Plan
Monday, March 12, 2007Granby Oil and Gas plc has successfully closed the project financing for its share of the US$100 million Galoc Oil Field development offshore NW Palawan in the Philippines.