Vitol

Americas

At London’s oil week, clues about demand will be all around

24/02/2020

Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.

Oil & Gas

Vitol, Carlyle to announce Varo Energy IPO this week

19/03/2018

Oil trader Vitol Group and buyout firm Carlyle Group are set to announce plans for an initial public offering of their European refiner and service-station operator Varo Energy BV as early as Monday, according to people familiar with the matter.

Renewables/Energy Transition

NEC announce 50MW of UK energy storage projects

08/01/2018

NEC Energy Solutions (NEC ES), a wholly-owned subsidiary of NEC Corporation, announced today it has completed the commissioning of a total of 50 MW of energy storage projects in the UK with VLC Energy, a joint venture between Low Carbon, a renewable energy investment company, and VPI Immingham, owner of one of the largest combined heat and power plants in Europe and part of the Vitol Group.