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
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
News
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.
Exclusive: VTX Energy Adds More Southern Delaware Acreage, CEO Says
VTX Energy Partners, backed by Swiss energy trader Vitol, is expanding its southern Delaware Basin footprint to 47,000 net acres through a bolt-on acquisition, CEO Shepherd says.
VTX Energy to Spend Billions on Acquisitions as Capital Providers Remain on Sidelines
The flight of capital from the E&P space is among the limiting factors keeping the U.S. from responding to the growing global demand for crude and natural gas, VTX Energy CEO Gene Shepherd told DUG Permian and Eagle Ford attendees.
Vitol Backs New Shale Firm with Formation of VTX Energy Partners
VTX Energy Partners will complement Vencer Energy, Vitol’s existing upstream partnership in the Midland Basin, says Ben Marshall, head of Vitol Americas.
Vencer Energy Makes Debut with Acquisition of Hunt Oil’s Permian Position
The acquisition—Vencer Energy’s first since its launch by energy trader Vitol last year—comprises Hunt Oil’s Midland Basin position covering 44,000 acres across the Permian in West Texas.
Vitol Acquires First Large US Wind Asset from BlackRock
The acquisition of Big Sky Wind from a fund managed by BlackRock will be Vitol’s first large U.S. wind generating asset and adds to its growing renewables portfolio, in the U.S. and globally.
Energy Trader Vitol Enters US Oil, Gas Upstream
Vencer, led by industry veteran Don Dotson, will seek to buy mature, producing oil and gas assets, in key U.S. basins.
US Energy Exports To Climb As China Pledges Ramp-Up In Purchases
Quantities were not specified in the accord and analysts were unclear how quota sales will work.