Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a fresh blow for the company that has risen to become one of the world’s top commodity traders.
Trafigura’s effective tax rate dropped to just 8%, from 12% a year earlier, which Salmon said reflected “a one-off benefit from the recognition of historic tax losses and higher earnings in lower taxation jurisdictions.”
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
The number of rigs active in the US has fallen, down by 72 since the November 2022 peak.
Exxon Mobil Corp. is creating a global trading division to compete more aggressively with the likes of BP and Shell in the high-risk, high-reward world of energy derivatives.
Commodity trader Trafigura will pay out $1.71 billion in dividends to its employee shareholders, the company said today, reporting record profits for the 2022 financial year.
Commodities trader Trafigura Group signed a $3 billion German government-backed loan for gas supply, as Berlin steps up efforts to secure natural resources following Russia’s invasion of Ukraine.
Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
Trafigura has warned of further challenges for the energy, and metal, markets, with higher prices for some time, although also reporting record profits.
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Trafigura Group, one of the world’s top oil and metals traders, has been holding talks with private equity groups to secure additional financing as soaring prices trigger giant margin calls across the commodities industry.
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Atome Energy is a step closer towards going ahead with its Iceland and Paraguay green hydrogen plans with the completion of its fundraising.
Over the past year or so, liquefied natural gas (LNG) producers, as well as buyers in North Asia, particularly Japan, have been quick to announce their involvement with so called ‘carbon-neutral LNG’ cargoes. However, some LNG buyers at the Future Energy Asia conference questioned whether LNG can really be carbon neutral.
Plans for ammonia exports are taking shape around the world, as companies compete to secure the most attractive opportunities to fuel future zero carbon aspirations.
The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.
Trafigura and Braskem have teamed up to deliver the world’s first cargo of carbon-offset naphtha.
Trafigura and Sonangol are going their separate ways and dividing up Puma Energy, the downstream fuel supplier.
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
The first shipment from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from the South American nation in a ship chartered by trader Trafigura, data from Refinitiv Eikon showed on Tuesday.
Woodside Energy and its Pluto LNG joint venture partners Kansai Electric and Tokyo Gas have delivered their first cargo of carbon offset condensate to commodity trading company Trafigura.
The price of oil extended a rally from the highest level in more than a year on signs the global market is tightening and demand is improving.