Established in 2011, Novum Energy is a global energy trading and logistics group established in Houston, USA and with offices in Latin America, Europe and Asia. The founding members of the Novum Group collectively represent over 80 years of industry experience and hail from Oil Supermajors, National Oil Companies and Tier 1 commodity trading firms. Novum bridges the physical energy supply chain by connecting producers with users, catering to the unique needs of its counterparties by providing innovative solutions. With a firm foundation in the distribution of crude and fuel oil, the Group has been branching out into additional energy products including gasoline and distillates.
NETC was established in Panama, as a physical oil trading company.
Began by supplying HSD and HSFO to various power generators in the Caribbean Including Generadora San Felipe.
Maximiliano Poveda joined Novum as Alfredo's business partner, Joint owner, and trader based In Dubai.
NETC secured Its first secured credit line with BNP Paribas.
Christopher Scott joined as Novum's CFO.
A hedging account was opened, and Madre Cargo Insurance policies were put in place.
NETC moved from Panama to the British Virgin Islands in order to comply with standard KYC requirements.
Secures a term supply agreement to supply Fuel Oil to EGE Haina and Generadora San Felipe, in the Dominican Republic.
Secures its first major diesel term contract, supplying Refidomsa and Petrojam with more than 9MMbbls.
The Group is registered with all the US majors and establishes a term contract with P66.
New Credit lines are granted by ING and Societe Generale.
First long-term storage agreement with Buckeye Caribbean Terminals for 1.2 mmbbls of fuel oil storage in Yabucoa, Puerto Rico.
Signs a 3-year fuel oil supply agreement to Barbados National Oil Company.
Novum Energy Trading Inc. became active on the domestic US Pipeline system and also began moving Trucks of B30 across the Mexican border from Texas.
Became the first non-Mexican company to import refined oil products across the border from the United States into Mexico.
Moved ~1,500 trucks per month of oil products to Northern Mexico.
Opened offices in Mexico City which now employs around 30 people in the country.
Opened its first offices in Buenos Aires, Argentina, and Bogota, Colombia, and incorporates Mpya Energy in Kenya, Zambia and Uganda.
Took delivery of 310,000 barrels of Gasoline tanks at TransMontaigne, Brownsville for shipments to Mexico.
Renewed its 3-year term supply agreement with Barbados National Oil Company.
2020 - 2021
In August 2020, Novum Energy Trading Pte. Ltd is incorporated in Singapore and a senior trader joins the company in March 2021. Novum begins trading into the Asian markets.
It concludes its first truck sale across East Africa as well as distillate cargo sales from Europe to the US and WAF.
Novum opens an office in London and hires a trader in 2021.
New distillate traders employed in Houston who are opening up opportunities across the globe.
A Regional Head of Finance, Asia is hired for the Singapore office.
Established USD 70m borrowing base in the USA.