Vitol

AM Best Affirms Credit Ratings of Rembrandt Insurance Company, Ltd.

Retrieved on: 
水曜日, 10月 27, 2021
Banking, Professional Services, Finance, Risk management, Industry, AM, AM Best, Insurance, Bermuda, ALL, Credit, News, Vitol, Data, Rembrandt

For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Key Points: 
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

VavaCars raises $50 million in Series B to build presence in Turkey and Pakistan

Retrieved on: 
水曜日, 10月 27, 2021
Partnership, GMV, Vitol, Company, Foot, Trust, CEO, Petrol Ofisi, Stanley Druckenmiller, Retail, Grocery store

ISTANBUL, TURKEY - G MEDYA - 27 October 2021 - VavaCars , a Turkey-based online trading platform for buying and selling used cars has raised $50 million to expand its operations in Turkey and Pakistan.

Key Points: 
  • ISTANBUL, TURKEY - G MEDYA - 27 October 2021 - VavaCars , a Turkey-based online trading platform for buying and selling used cars has raised $50 million to expand its operations in Turkey and Pakistan.
  • Duquesne Family Office LLC (founded by Stanley F. Druckenmiller), founding investor, Vitol, plus one other new investor participated in the round.
  • VavaCars is reinventing the car buying experience, and the new funds will be used to accelerate the buildout of VavaCars' technology platform, physical infrastructure and brand.
  • In the future, VavaCars intends to expand into new markets leveraging the fuel station networks of its founding investor, Vitol.

Tellurian Reports Second Quarter 2021 Results

Retrieved on: 
火曜日, 8月 3, 2021
Oil, Gas, Energy, Fuel gas, Tellurian Inc, Fuels, Industrial gases, Liquefied natural gas, Chemical substances, Vitol, Tellurian, Gunvor, Natural gas

Tellurian Inc. (Tellurian) (NASDAQ: TELL) continues to build its integrated global natural gas business, entering into liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Gunvor Singapore Pte Ltd and Vitol Inc. for a total of six million tonnes per annum (mtpa) in the second quarter.

Key Points: 
  • Tellurian Inc. (Tellurian) (NASDAQ: TELL) continues to build its integrated global natural gas business, entering into liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Gunvor Singapore Pte Ltd and Vitol Inc. for a total of six million tonnes per annum (mtpa) in the second quarter.
  • Tellurian ended its second quarter of 2021 with approximately $111.9 million of cash and cash equivalents and no borrowing obligations, and generated approximately $5.6 million in revenues in the quarter from natural gas sales.
  • Based on current production and anticipated results from new wells to be drilled, Tellurian estimates the 2021 year-end exit rate for gross natural gas production to be approximately 95 million cubic feet per day (mmcf/d).
  • Tellurian reported a net loss of approximately $30.6 million, or $0.08 per share (basic and diluted), for the three months ended June 30, 2021.

ROSNEFT OIL COMPANY: Rosneft Signes Heads of Terms for the Sale of a 5% stake in Vostok Oil

Retrieved on: 
木曜日, 6月 10, 2021
Vostok, Vitol

Ltd. (hereinafter, the Consortium) signed heads of terms for a transaction providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil.

Key Points: 
  • Ltd. (hereinafter, the Consortium) signed heads of terms for a transaction providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil.
  • The agreement confirms the Consortium's intention to acquire a stake in the Vostok Oil Project and sets out the main terms of the transaction.
  • Vostok Oil is a project with low cost per barrel of production, with a carbon footprint 75% lower than other major new oil projects in the world.
  • We intend to further strengthen our cooperation with Vitol and Mercantile & Maritime which includes the Vostok Oil Project.

Tellurian and Vitol sign 10-year LNG agreement for 3 mtpa

Retrieved on: 
木曜日, 6月 3, 2021
Energy, Transport, Logistics, Supply chain management, Oil, Gas, Tellurian Inc, Vitol, Liquefied natural gas, Fuels, Petroleum industry, Industrial gases

Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc. (Vitol).

Key Points: 
  • Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc. (Vitol).
  • Vitol expressed interest in the development of Driftwood early on, and it is fulfilling to finalize this agreement with the worlds largest independent trader of energy.
  • Pablo Galante Escobar, Global Head of LNG and European Gas & Power at Vitol said: Vitol is excited to conclude this agreement with Tellurian.
  • Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.

Global Echo successfully delivers 'MS-SOx' scrubber to Hyundai Merchant Marine

Retrieved on: 
水曜日, 3月 11, 2020
Shipyard, Vitol, Hyundai Motor Company, Economy of South Korea

ULSAN, South Korea, March 11, 2020 /PRNewswire/ -- Global Echo, a South Korean scrubber maker, said it supplied 'MS-SOx' scrubber, which can be installed in 15 days, to Hyundai Merchant Marine on Jan. 15, 2020.

Key Points: 
  • ULSAN, South Korea, March 11, 2020 /PRNewswire/ -- Global Echo, a South Korean scrubber maker, said it supplied 'MS-SOx' scrubber, which can be installed in 15 days, to Hyundai Merchant Marine on Jan. 15, 2020.
  • Including its first project with Hyundai Merchant Marine, Global Echo has carried out over 20 projects with global shipowners such as Vitol Services and Zodiac Maritime.
  • He added: "Most dry docks in Chinese shipyards are fully booked by the second quarter of 2020 for scrubber retrofit.
  • In fact, Global Echo carried out scrubber retrofit work for three vessels simultaneously, in a single month of October in 2019.

Intercontinental Exchange Partners With ADNOC and Some of the World's Largest Energy Traders in the 2020 Launch of ICE Futures Abu Dhabi, a New Futures Exchange

Retrieved on: 
月曜日, 11月 11, 2019
Financial markets, Geography of Asia, Commodity markets, Futures exchanges, Economy of London, Intercontinental Exchange, United Arab Emirates, Vitol, Abu Dhabi, Futures contract

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange Partners With ADNOC and Some of the World's Largest Energy Traders in the 2020 Launch of ICE Futures Abu Dhabi, a New Futures Exchange

Retrieved on: 
月曜日, 11月 11, 2019
Financial markets, Geography of Asia, Commodity markets, Futures exchanges, Economy of London, Intercontinental Exchange, United Arab Emirates, Vitol, Abu Dhabi, Futures contract

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange partners with ADNOC and some of the world’s largest energy traders in the 2020 launch of ICE Futures Abu Dhabi, a new futures exchange

Retrieved on: 
月曜日, 11月 11, 2019
Energy, Professional services, Oil, Gas, Finance, Financial markets, Geography of Asia, Commodity markets, Futures exchanges, Economy of London, Intercontinental Exchange, United Arab Emirates, Vitol, Abu Dhabi, Futures contract, Intercontinental Exchange, ADNOC

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

COMET expands LNG Advisory Committee

Retrieved on: 
水曜日, 8月 21, 2019
Chemistry, Fuels, Liquefied natural gas, Petroleum production, Physical sciences, RasGas, Vitol

Chan, formerly of Platts, and Sam Farooki, an oil and gas industry veteran, to its LNG Advisory Committee.

Key Points: 
  • Chan, formerly of Platts, and Sam Farooki, an oil and gas industry veteran, to its LNG Advisory Committee.
  • However, LNG trading has its own complexities and reporting requirements, therefore it made sense for us to develop a stand alone LNG Advisory Committee.
  • COMET's LNG Advisory Committee is comprised of Matthew Arnold, Consultant and former Head of LNG trading at ExxonMobil, RasGas and EDF; Shasha Fesheraki, Managing Director of FGE; Robert Stibolt, LNG Alliance; David Thomas, Director of Nwyda Limited and former Head of LNG trading at BP and Vitol; and Ruchdi Maaloof, Head of Oil and Gas, De Gaulle Fleurance and Associates.
  • For more information on TruMarx Data Partners, COMET or COMET's LNG Advisory Committee visit www.TruMarx.com