MONTERREY, MEXICO (By editors with Energy Analytics Institute, 2.Apr.2026, Words: 419) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on YPFB, PETROBRAS, Transocean, ENI Mexico, Civitas Resources, and Braskem, among others. RELATED: ECOPETROL AUTHORIZED TO […]
Tag: Vitol
Vitol group submits bid above $10bn for Citgo, sources say
HOUSTON, TEXAS (By Marianna Parraga, Reuters, 2.Jul.2025, Words: 559) — A group led by commodities trading house Vitol submitted a bid exceeding $10 billion for the parent of Venezuela-owned U.S. refiner Citgo Petroleum during the final hours of a U.S. court-organized auction, two sources with knowledge of the offer told Reuters on […]
Vitol to Pay $1.65bn for Certain Eni Assets in Ivory Coast and Congo Including Congo LNG
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 19.Mar.2025) — Vitol will acquire interests in certain assets owned by Eni in Cote d’Ivoire (Ivory Coast) and the Republic of Congo for an aggregate consideration of $1.65bn at 1 Jan. 2024, with standard cash adjustment at closing. Vitol will acquire an interest in both oil and […]
GeoPark Signs New Offtake Agreement with Vitol for the Llanos 34 Block in Colombia
(GeoPark, 9.May.2024) — GeoPark Limited (NYSE: GPRK) announces the execution of an offtake and prepayment agreement with Vitol, one of the world’s leading energy and commodity companies. The offtake agreement provides for GeoPark to sell and deliver to Vitol a minimum of 20,000 bopd of production from the Llanos 34 […]
Eni Find Oil In Ghana’s Block 4
(Eni, 6.Jul.2021) — Eni announces a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and […]
Petrobras On Vitol Leniency Agreement
(Petrobras, 29.Dec.2020) — Petrobras informs that it received, as of today, the amount of R$232.6mn, as a result of a leniency agreement entered into between the Federal Prosecutor’s Office (MPF) and Vitol Inc. and Vitol do Brasil Ltda. (Vitol), on 12/03/2020. Thus, the total amount of funds returned to the […]
Ex-Petrobras Trader Tells Judge Vitol Bribed Him
(Bloomberg, Sabrina Valle and Andy Hoffman, 25.Nov.2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Carlos Roberto Martins Barbosa […]
Petrobras Announces $1.4bn Sale Of African Oil Business
(Ft.com, Andres Schipani, Neil Hume, 31.Oct.2018) — Brazil’s state-controlled oil company Petrobras agreed to sell its 50 per cent stake in an African enterprise to a consortium led by trader Vitol, the world’s biggest independent energy trader. Vitol and its partners, Africa Oil Corp and Delonex Energy, will pay $1.4bn […]