Sunday, 19 January 2025

Focus on Citgo Petroleum Corporation

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsLiquefied Petroleum GasNewsOilPolitics

Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits

A U.S. judge allows lawsuits by three firms to proceed, potentially impacting the auction of Citgo's parent company shares.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessNewsOil

ConocoPhillips seeks to keep priority as creditor in Citgo auction

ConocoPhillips seeks to preserve top priority among Citgo creditors in share auction to recover $21.3B for Venezuela's debts.

FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessLiquefied Petroleum GasNewsOilRegulations

Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens Energy sues Citgo's parent, PDV Holding, for $200M over a Venezuelan promissory note default amid Citgo share auction.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessFinanceNewsOil

Citgo share auction creditors oppose terms of Elliott-affiliate’s bid

Creditors criticize Elliott's $7.3B Citgo bid, claiming it won’t cover Venezuela’s $21.3B debt from expropriations.

News Release

Amber Energy Selected by Special Master to Acquire CITGO

HOUSTON--(BUSINESS WIRE)--Amber Energy Inc. (“Amber Energy”), a U.S.-based group of accomplished energy executives with a track record of improving performance and accelerating growth...

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessEconomyNewsOilPolitics

Venezuela seeks 4-month pause in auction of shares in Citgo parent

Venezuela's lawyers requested a four-month pause on a U.S. court-ordered auction of Citgo shares, citing political turmoil.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsFuelLiquefied Petroleum GasNewsOilPolitics

Citgo auction pits Icahn-backed oil refiner, creditor group

Icahn and creditors battle in final bids for Citgo, aiming to claim stakes in $21.3B Venezuelan debt auction.

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