Government has signed three memoranda of understanding covering key terms for prospective petroleum blocks as part of efforts to attract new investment and expand exploration in Ghana’s sedimentary basins. President John Dramani Mahama announced this at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on Tuesday. He said government […]
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana is expected to sign at least six new petroleum agreements with international oil companies by the first quarter of 2027. This forms part of efforts to attract fresh investment and reverse the decline in the country’s oil production. He said […]
Eni Ghana, together with its partner, Vitol Upstream Tano Ltd (Vitol), has signed two Memoranda of Understanding (MoUs) with the government of Ghana covering two offshore blocks, GH WB 3 and GH WB 8, in Ghana’s Tano Basin, paving the way for finalisation of the Petroleum Agreements. The Minister for Energy and Green Transition, John […]
Vitol has bought at least 25 million barrels of Iraqi crude in September, two sources told Reuters, as the world’s largest oil trader capitalises on its global shipping and logistics clout to help Iraq export oil stranded by the US-Iran war. The purchases underscore how the war has reshaped Middle East oil trade, allowing companies […]
Vitol has strengthened its presence in the Iraqi oil market by purchasing at least 25 million barrels of crude in September 2026, a move reflecting how major oil traders are capitalizing on supply disruptions in the Gulf region. The Swiss-based Dutch multinational energy and commodity trading company is leveraging its shipping and logistics capabilities to […]
The governments of Tanzania and Uganda on Thursday signed a non-binding agreement with the Bahrain unit of global commodities trader Vitol to develop a regional energy hub at the Port of Tanga, Tanzania.
VTX Energy Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of two private equity buyers – Carnelian Energy Capital and EnCap Investments, a deal that would mark a scaling back for the trader in U.S. upstream oil and gas production. The companies could sign the deal […]
Vitol and IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), have executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA), formalizing a long-term supply arrangement first announced in November 2025.
Eni and partners Petroci and Vitol have reached a positive FID for the third phase of the Baleine project in Côte d’Ivoire, Eni announced on Monday. The new development phase will follow the same model previously utilised by Eni in Côte d’Ivoire and involve the deployment of a new FPSO. Following completion, oil production will rise […]
Camuzzi Gas Inversora has signed a memorandum of understanding (MoU) with Vitol regarding its LNG del Plata project in Argentina, under which the commodity trading company may purchase the facility’s entire output and consider taking an equity stake.