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...Independent traders — a group including privately held Vitol, Trafigura, Gunvor and Mercuria — have been particularly successful, with “five years, back to back, of the best year ever”, said Adam Perkins...
...The Veneto-based company, whose private equity owners are seeking a valuation as high as €1.3bn, has held preliminary talks in recent weeks with groups including rival Safilo as well as the Franco-Italian...
...The opposition Labour party, which has ruled out granting any new oil and gas licenses if elected, labelled the prime minister’s move a “gimmick” given the NSTA had previously held licensing rounds in most...
...Although still privately held, the company now publishes extensive annual accounts....
...The departures follow a period of record performance for the privately held trading house, which made profits of $7.4bn in 2023 and agreed a record dividend of $5.9bn for its 1,200 employee-shareholders....
...Russell started at BP in 2006 and held various roles in BP’s upstream business before joining the leadership team in February 2022....
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...Privately held Swiss commodity trader Gunvor this week reported annual net profit of $1.25bn in 2023, its second-biggest ever, but down about 50 per cent from 2022, partly because of a $467mn provision to...
...Vitol’s closest rival Trafigura made net profits of $7.2bn in its last financial year, which ended in September, while fellow privately held energy trader Gunvor made $1.3bn, it said last week....
...While it remains privately held, Trafigura has adopted some of the behaviours of a publicly listed corporation....
...Drummer Tom Skinner is the third member of The Smile. A member of the band Sons of Kemet, he has a background in London’s jazz scene....
...STEP will now take up the big challenge of making the long-held dream of fusion energy a reality, despite the multiple forbidding obstacles. “It’s a quest,” said Bestwick of the UKAEA....
...Like other private producers, Endeavor has increased output sharply in recent years as publicly listed rivals have held back on drilling under pressure from Wall Street to return cash to shareholders....
...Net long positions held by investment funds in futures contracts linked to Europe’s main gas benchmark have soared to 96.4 terawatt hours, worth about €3bn at current prices, according to data from Intercontinental...
...Tom Narayan, an analyst at RBC Capital Markets, said income from autonomous driving accounted for a fifth of his share price target for Tesla....
...Chinese electric-car maker BYD has held talks about a potential takeover of a lithium producer in Brazil, in the global rush to secure raw materials for the EV revolution....
...The privately held Swiss group’s bumper payout was more than triple the $1.7bn paid last year and takes total payments since 2020 to more than $9bn, capping one of the most profitable periods in the commodity...
...Gunvor, like its privately held rivals Trafigura and Vitol, has seen profits from trading gas and power increase substantially due to increased price volatility, most recently driven by the disruption of...
...The privately held group’s bumper payout to executives and traders was more than triple the $1.7bn handed out last year and takes total payments since 2020 to more than $9bn, capping one of the most profitable...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...Even finer would be an immediate ceasefire and exchange of the hostages held by Hamas for Palestinian prisoners held in Israel....
...Today’s world depends on the expertise of IT professionals to an unprecedented degree and yet employers, customers and legislators fail to require a professional qualification as a prerequisite...
...Privately held Trafigura, one of the world’s biggest independent traders of oil and LNG, said it was monitoring the situation. Shell declined to comment....
...However, new chief executive Wael Sawan has faced criticism from some groups that he has slowed the pace of Shell’s transformation after announcing in June that oil production would be held steady until...
...Forget Tom Cruise. In fact, forget John Anderton sprinting round a futuristic DC with his eyeballs in a plastic bag, pursued by flying cops and spooky animatronic surveillance spiders....
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