Puma Energy: Who We Are: Our History
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A century of Puma Energy
From our origins as a crude oil marketer in 1920 to delivering winning energy solutions today, Puma Energy’s history is one of dynamic long-term growth. For us, it has always been about advancing with care and consistent quality towards a sustainable future for all.
Our History Content
CGC begins delivering crude oil
The Compañía General de Combustibles (CGC) begins marketing and transporting crude oil in Argentina and lays the groundwork for what is soon to become a countrywide operation.
Puma the brand is born
Almost nine years after the first barrel of crude oil was delivered, the Puma brand is born and catapults Compañía General de Combustibles (CGC) to become a leading name in fuel retail with 180 sites and counting.
The company enters Ecuador
As the Puma brand continues its rise, with its tankers becoming a familiar sight on Argentinian roads, Compañía General de Combustibles (CGC) makes inroads into Ecuador by establishing service stations to supplement its crude oil exploration activities.
Puma strengthens its service station network
Puma solidifies its growing presence by merging with two local Argentinian companies forming a new service station network - Eg3. This new beginning results in the construction of 20 new service stations and a refreshed corporate image for Puma.
Trafigura invests in the Puma brand
Puma’s longstanding association with Trafigura begins with the latter investing into the Puma brand and helping solidify it under the Puma Energy name.
Puma Energy enters Brazil and Honduras
Puma Energy’s market presence, asset base and market share continue to grow. It forms new networks by expanding downstream operations and establishing service stations in Brazil and Honduras.
Puma Energy makes an entry into Africa
Puma Energy makes an entry into African markets, with significant investments in the Democratic Republic of Congo. This helps the company strengthen its midstream infrastructure and become a major player in sub-Saharan Africa.
Puma Energy expands to Angola and the UAE
Puma Energy strengthens its presence by continuing to make strategic investments in new markets like Angola and expanding its base into UAE, laying the foundation for major projects and new market entries.
Six countries; 600 service stations
The company consolidates its brands LP, Dippsa and Ello under one single brand name – Puma Energy. One year later, 600 service stations proudly carry the Puma Energy brand in six countries across the Americas and Africa.
Acquisition of new assets
Puma Energy initiates entry into Africa’s Ivory Coast. The strategically important operation is established through the acquisition of storage and product handling facilities in Abidjan.
Puma builds a European presence
Puma Energy's move into Estonia ensures our north European facilities are strategically located where European and Russian trading lines meet. Tallinn soon becomes a hub for our European regional business and commercial activities.
Supporting the mining industry in the Democratic Republic of Congo
Puma Energy continues flourishing under a newly consolidated management team. Construction of two new terminals begins in the Democratic Republic of Congo (DRC), to supply reliable, quality fuel to the mining industry.
Completing 80 years of excellence
With a foray into the Mozambique market and adapting its brand for the Angolan market, Puma Energy marks 80 years of transformation and growth.
Fortifying the Puma Energy brand in Africa
With an ever-growing worldwide presence, Puma Energy fortifies its foothold in Africa with the purchase of BP plc’s fuels marketing business in Namibia, Botswana, Zambia, Malawi and Tanzania.
Focusing on boosting storage capacity
Puma Energy acquires ExxonMobil’s fuel marketing businesses in Belize, El Salvador, Guatemala, Nicaragua and Panama and Chevron’s in Puerto Rico and US Virgin Islands. Acquiring the Alibesa bitumen terminal in Spain enhances storage capacity to 21,000m³.
Puma is Asia-bound
Puma Energy establishes a Singapore office, initiating its foray into markets in Asia-Pacific. With the acquisition of Chevron Kuo Pte Ltd, the company establishes itself in the import, storage and distribution division for infrastructure projects in Vietnam. It also completes a storage facility in Mozambique, acquires an LPG terminal in Senegal, constructs storage tanks in Tanzania and rebrands over 50 service stations in Malawi.
More acquisitions and expansion
With the acquisition of Neumann Petroleum, Ausfuel and Central Combined Group, Puma Energy anchors its entry in Australia, adding 270 service stations to its network. Acquisition of a cartage division with 200 fuel tankers, a fuel terminal, 16 fuel depots and a storage facility with 57000m³ capacity further bolsters its position. Puma Energy also gains industry recognition in the form of four International Business Awards (Stevies) for the Best Energy Company, Best Expansion and Best Corporate Social Responsibility.
Investment opportunities and infrastructure
Puma Energy continues reinforcing its base across the world. In Australia, Puma Energy unveils a US$70 million storage terminal in Mackay. The company acquires Trafigura’s bitumen business and opens a Malaysian bitumen terminal, one of the largest privately-owned terminals in Asia, with a storage capacity of 75,000m³. In Paraguay and what is now Eswatini, Puma Energy acquires strategic assets and invests US$30 million in a new terminal to serve inland countries.
Boosting storage capacity and retail network reach
Alongside various major acquisition projects in the UK, Australia and Puerto Rico, the highlight of the year is the opening of the world’s largest offshore fuelling facilities off Luanda Bay, Angola and storage construction projects across Africa. Puma Energy’s storage capacity stands at 7.7million m³ and its retail network numbers 2,362 sites.
Puma Energy enters new terrain
Puma Energy starts operating in 14 new airports and adds 150 new retail sites to its portfolio through a series of acquisitions as well as organic investments. The company also acquires a new bitumen business in Nigeria and a terminal from BP in Northern Ireland, taking the total terminal count to 100 and total storage capacity to 7.9 million m³.
76 airports and counting
Puma Energy opens four new terminals across Asia, Africa and Europe, taking total storage capacity to 8.3 million m³. In addition, eight new airports are added - taking the airports Puma Energy serves across the world to 76.
Strengthening the aviation portfolio
2018 sees Puma Energy adding 13 more airports to its aviation portfolio and two new terminals in Panama and Colombia, bringing the total storage capacity to 7.7 million m³.
Rebranding, retraining and redefining
Puma Energy continues building on its strong performance and begins an exciting journey of transformation to excel in achieving its purpose to 'energise communities' around the world. In the Americas, the identity redesign of the Super 7 retail stores is set in motion. The company also launches a first digital learning app to train staff and partners across 2,900 retail sites.
Corporate restructure and a global pandemic
Puma Energy opens a new chapter in its story with a new structure putting our customers' at the heart of everything we do through three new business units: Downstream, Infrastructure and Future Energies. Our commitment to growth in high potential markets is underscored by the sale of our retail fuels business in Australia. Meanwhile, our colleagues and customers began to adjust to new ways of living in a world redefined by COVID-19.