citgo - EnergiesNet https://energiesnet.com Latam Energies News Wed, 09 Oct 2024 15:57:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://energiesnet.com/wp-content/uploads/2022/01/cropped-Logo-en-ALTAS-final-2-32x32.png citgo - EnergiesNet https://energiesnet.com 32 32 Elliott’s PDVSA Citgo Bid Sets Up Venezuela Investors for Rare Win https://energiesnet.com/elliotts-pdvsa-citgo-bid-sets-up-venezuela-investors-for-rare-win/?utm_source=rss&utm_medium=rss&utm_campaign=elliotts-pdvsa-citgo-bid-sets-up-venezuela-investors-for-rare-win https://energiesnet.com/elliotts-pdvsa-citgo-bid-sets-up-venezuela-investors-for-rare-win/#respond Tue, 08 Oct 2024 09:35:11 +0000 https://energiesnet.com/?p=34297  Nicolle Yapur and Maria Elena Vizcaino, Bloomberg News CARACAS/NEW YORK EnergiesNet.com 10 08 2024c Venezuela’s state oil company hasn’t paid bondholders a dime in the last five years. Yet, investors who’ve held on to one particular security are getting ready for a massive payoff. The Petroleos de Venezuela SA bond that matured in 2020 has …

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]]> https://energiesnet.com/elliotts-pdvsa-citgo-bid-sets-up-venezuela-investors-for-rare-win/feed/ 0 Citgo share auction creditors oppose terms of Amber Energy, Elliott-affiliate’s bid https://energiesnet.com/citgo-share-auction-creditors-oppose-terms-of-amber-energy-elliott-affiliates-bid/?utm_source=rss&utm_medium=rss&utm_campaign=citgo-share-auction-creditors-oppose-terms-of-amber-energy-elliott-affiliates-bid https://energiesnet.com/citgo-share-auction-creditors-oppose-terms-of-amber-energy-elliott-affiliates-bid/#respond Wed, 02 Oct 2024 09:02:22 +0000 https://energiesnet.com/?p=33754 Marianna Parraga and Gary Macwilliams, Reuters HOUSTON EnergiesNet.com 10 02 2024 Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela’s debt defaults and expropriations on Tuesday widely criticized terms of a conditional offer selected in the second bidding round. An Elliott Investment Management …

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]]> https://energiesnet.com/citgo-share-auction-creditors-oppose-terms-of-amber-energy-elliott-affiliates-bid/feed/ 0 Citgo Auction Result Delayed Amid Last-Minute Motions https://energiesnet.com/citgo-auction-result-delayed-amid-last-minute-motions/?utm_source=rss&utm_medium=rss&utm_campaign=citgo-auction-result-delayed-amid-last-minute-motions https://energiesnet.com/citgo-auction-result-delayed-amid-last-minute-motions/#respond Thu, 19 Sep 2024 09:45:18 +0000 https://energiesnet.com/?p=33471 Nathan Risser, Argus Media HOUSTON EnergiesNet.com 09 19 2024 The US court-appointed special master overseeing the auction of US refiner Citgo plans to object to a last-minute motion from the Venezuelan government to delay the sale process by four months. The Republic of Venezuela and state-owned oil company PDVSA filed a motion on Tuesday seeking …

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]]> https://energiesnet.com/citgo-auction-result-delayed-amid-last-minute-motions/feed/ 0 PDVSA Asks for Pause on Citgo Auction Until January https://energiesnet.com/pdvsa-asks-for-pause-on-citgo-auction-until-january/?utm_source=rss&utm_medium=rss&utm_campaign=pdvsa-asks-for-pause-on-citgo-auction-until-january https://energiesnet.com/pdvsa-asks-for-pause-on-citgo-auction-until-january/#respond Wed, 18 Sep 2024 09:40:12 +0000 https://energiesnet.com/?p=33448 Bloomberg News WILMINTON, Delaware EnergiesNet.com 09 18 2024 Venezuela’s state-owned oil company asked a US judge to pause a court-ordered auction of Citgo Petroleum’s parent until January. Shares of the parent, PDV Holding, are scheduled to be sold on Nov. 19 to satisfy about $20 billion in claims against the nation and its Petróleos de Venezuela SA, or …

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]]> https://energiesnet.com/pdvsa-asks-for-pause-on-citgo-auction-until-january/feed/ 0 US extends license protecting Venezuela-owned U.S. Citgo through Nov, Treasury says https://energiesnet.com/us-extends-license-protecting-venezuela-owned-u-s-citgo-through-nov-treasury-says/?utm_source=rss&utm_medium=rss&utm_campaign=us-extends-license-protecting-venezuela-owned-u-s-citgo-through-nov-treasury-says https://energiesnet.com/us-extends-license-protecting-venezuela-owned-u-s-citgo-through-nov-treasury-says/#respond Tue, 13 Aug 2024 10:53:50 +0000 https://energiesnet.com/?p=32266 Reporting by Susan Heavey and Marianna Parraga, Reuters WASHINGTON/HOUSTON EnergiesNet.com 08 13 2024 The U.S. Treasury Department has extended through Nov. 12 a general license that protects Venezuela-owned Citgo Petroleum from creditors, according to a notice posted in the department’s webpage on Monday, as a court-organized auction of shares in the parent of the Houston-based …

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]]> https://energiesnet.com/us-extends-license-protecting-venezuela-owned-u-s-citgo-through-nov-treasury-says/feed/ 0 Venezuela’s Citgo Auction Pits Icahn-Backed Oil Refiner, Creditor Group https://energiesnet.com/citgo-auction-pits-icahn-backed-oil-refiner-creditor-group/?utm_source=rss&utm_medium=rss&utm_campaign=citgo-auction-pits-icahn-backed-oil-refiner-creditor-group https://energiesnet.com/citgo-auction-pits-icahn-backed-oil-refiner-creditor-group/#respond Mon, 05 Aug 2024 09:26:28 +0000 https://energiesnet.com/?p=32096 Citgo ownership on the line with court-auction of shares. Bids not close to $21.3 billion in claims against Venezuela Marianna Parraga, Gary Mcwilliams and David French, Reuters HOUSTON EnergiesNet.com 08 05 2024 An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in the last …

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]]> https://energiesnet.com/citgo-auction-pits-icahn-backed-oil-refiner-creditor-group/feed/ 0 Venezuelan opposition gets US court boost in dispute over Citgo-backed bonds https://energiesnet.com/venezuelan-opposition-gets-us-court-boost-in-dispute-over-citgo-backed-bonds/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelan-opposition-gets-us-court-boost-in-dispute-over-citgo-backed-bonds https://energiesnet.com/venezuelan-opposition-gets-us-court-boost-in-dispute-over-citgo-backed-bonds/#respond Thu, 04 Jul 2024 08:23:59 +0000 https://energiesnet.com/?p=31620 Jonathan Stempel, Reuters NEW YORK EnergiesNet.com 07 04 2024 A U.S. appeals court on Wednesday set aside a judge’s ruling that bondholders had valid claims against Venezuela’s state-run oil company related to its U.S. refiner Citgo, and directed the judge to apply Venezuela law in assessing the claims. The decision by the 2nd U.S. Circuit …

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]]> https://energiesnet.com/venezuelan-opposition-gets-us-court-boost-in-dispute-over-citgo-backed-bonds/feed/ 0 Icahn-Owned Oil Refiner CVR Bidding in Citgo Share Auction https://energiesnet.com/icahn-owned-oil-refiner-cvr-bidding-in-citgo-share-auction/?utm_source=rss&utm_medium=rss&utm_campaign=icahn-owned-oil-refiner-cvr-bidding-in-citgo-share-auction https://energiesnet.com/icahn-owned-oil-refiner-cvr-bidding-in-citgo-share-auction/#respond Wed, 03 Jul 2024 09:46:25 +0000 https://energiesnet.com/?p=31602 Gary Mcwilliams and Marianna Parraga, Reuters HOUSTON EnergiesNet.com 07 03 2024 Oil refiner CVR Energy (CVI.N), controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, according to three people familiar with the matter. Icahn controls about 66% of shares in CVR, …

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]]> https://energiesnet.com/icahn-owned-oil-refiner-cvr-bidding-in-citgo-share-auction/feed/ 0 Several Competitive Bids in Auction of Citgo Parent, Court Moves Final Hearing to September 19 https://energiesnet.com/several-competitive-bids-in-auction-of-citgo-parent-court-moves-final-hearing-to-september-19/?utm_source=rss&utm_medium=rss&utm_campaign=several-competitive-bids-in-auction-of-citgo-parent-court-moves-final-hearing-to-september-19 https://energiesnet.com/several-competitive-bids-in-auction-of-citgo-parent-court-moves-final-hearing-to-september-19/#respond Wed, 03 Jul 2024 09:06:23 +0000 https://energiesnet.com/?p=31594 Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 03 2024 The second bidding round for shares in refiner Citgo Petroleum’s parent was “successful,” with several competitive bids received last month by a U.S. federal court, a representative of the court officer overseeing the sale process said on Tuesday. The case, aimed at paying up to $21.3 billion …

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]]> https://energiesnet.com/several-competitive-bids-in-auction-of-citgo-parent-court-moves-final-hearing-to-september-19/feed/ 0 US Court May Put Off Hearing on Citgo Bids to September on Auction Manager Request https://energiesnet.com/us-court-may-put-off-hearing-on-citgo-bids-to-september-on-auction-manager-request/?utm_source=rss&utm_medium=rss&utm_campaign=us-court-may-put-off-hearing-on-citgo-bids-to-september-on-auction-manager-request https://energiesnet.com/us-court-may-put-off-hearing-on-citgo-bids-to-september-on-auction-manager-request/#respond Mon, 01 Jul 2024 10:27:51 +0000 https://energiesnet.com/?p=31526 Marianna Parraga, Reuters HOUSTON EnergiesNet.com 07 01 2024 A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a motion filed with the court on Friday. The Delaware court officer evaluating bids …

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]]> https://energiesnet.com/us-court-may-put-off-hearing-on-citgo-bids-to-september-on-auction-manager-request/feed/ 0 Complex Bids Could Extend Citgo Auction Evaluation https://energiesnet.com/complex-bids-could-extend-citgo-auction-evaluation/?utm_source=rss&utm_medium=rss&utm_campaign=complex-bids-could-extend-citgo-auction-evaluation https://energiesnet.com/complex-bids-could-extend-citgo-auction-evaluation/#respond Thu, 27 Jun 2024 08:23:13 +0000 https://energiesnet.com/?p=31491 Marianna Parraga and Gary Mcwilliams, Reuters HOUSTON EnergiesNet.com 06 27 2024 A U.S. federal court will likely extend a period for reviewing bids submitted in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, three people close to the matter said, which would delay a resolution to the seven-year-long case. The court-organized …

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]]> https://energiesnet.com/complex-bids-could-extend-citgo-auction-evaluation/feed/ 0 PDVSA Ad Hoc Highlights Progress in the Defense of CITGO’s Assets https://energiesnet.com/pdvsa-ad-hoc-highlights-progress-in-the-defense-of-citgos-assets/?utm_source=rss&utm_medium=rss&utm_campaign=pdvsa-ad-hoc-highlights-progress-in-the-defense-of-citgos-assets https://energiesnet.com/pdvsa-ad-hoc-highlights-progress-in-the-defense-of-citgos-assets/#respond Fri, 21 Jun 2024 10:51:36 +0000 https://energiesnet.com/?p=31374 EnergiesNet CARACAS EnergiesNet.com 06 21 2024 The Ad Hoc Administrative Board of Petróleos de Venezuela, S.A. (PDVSA Ad Hoc) informs the Venezuelan public opinion, the international community and all interested parties, about the important advances and significant differences in the management and defense of CITGO’s assets since its establishment in 2019, in light of the …

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