Vitol Group
About
Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon. It trades around 7 million bbl/d of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 16mm3 of storage globally, 480,000 bbl/d of refining capacity, 7,000 service stations and a growing portfolio of transitional and renewable energy assets.
Editor's note: Updated April 30, 2021.
Headquarters Address
Switzerland
Website
www.vitol.comTransactions
Vencer Energy Makes Debut with Acquisition of Hunt Oil’s Permian Position
Vencer Energy Makes Debut with Acquisition of Hunt Oil’s Permian Position
Vitol Acquires First Large US Wind Asset from BlackRock
Vitol Acquires First Large US Wind Asset from BlackRock
Buckeye Partners Buys Half Of VTTI BV Marine Terminal For $1.15 Billion
Buckeye Partners Buys Half Of VTTI BV Marine Terminal For $1.15 Billion
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News
CEO: Breakwall Providing Capital as RBLs ‘Materially’ Decrease
Breakwall Capital is stepping in to bridge the gap from the historic days of reserve-based lending, Breakwall Managing Partner and co-CEO Jamie Brodsky said at Hart Energy's Energy Capital Conference in Dallas.
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel
International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.
Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
Civitas’ 4-Mile D-J Basin Wells See ‘Quite Compelling’ Returns
Civitas Resources is all-in on the Permian after pumping nearly $7 billion into M&A in the basin last year. But Civitas is drilling longer wells on its legacy Colorado assets, too.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Vitol Grows LNG Bunkering Fleet by 3 Ships
LNG trading company Vitol Group is emphasizing the environmental benefits of using LNG as a shipping fuel with the acquisition of three bunkering vessels to fuel ships.
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess
Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.
Vitol: Oil Demand Peaks in 2030s, Saudis to Quit Supply Cut This Year
Vitol executive Ben Marshall told oil and gas producers at IPAA’s Private Capital Conference that Saudi Arabia is losing patience. Also, the energy transition will take longer than expected.
Civitas Resources Closes $2.1 Billion Vencer Energy Deal
Civitas Resources’ acquisition of the Permian Basin’s Vencer Energy will account for half of Civitas’ total production.
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24
Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.
Chesapeake Inks Long-Term LNG Supply Agreement with Vitol
Chesapeake is furthering its LNG strategy, inking a long-term supply agreement with global commodities trader Vitol.
Civitas Bolts on Midland Assets for $2.1 Billion
Civitas Resources is acquiring approximately 44,000 net acres in the Permian’s Midland Basin from Vencer Energy for approximately $2.1 billion.