Russian state holding gives up control of Rosneft after Venezuela exit

Russia''s state holding company Rosneftegaz has relinquished its controlling stake in the country''s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft''s exit from Venezuela.

Country Analysis Brief: Venezuela

and a deteriorating infrastructure.1 As such, Venezuela''s total energy production decreased by an annual average rate of 8.2% from 2011 to 2021. Petroleum and other sell three refineries owned by Citgo parent company PDV Holdings, a U.S. subsidiary of PDVSA. Together, the three refineries account for about 5% of the United States''

Energy industry in Venezuela

Primary energy consumption in Venezuela in 2023 amounted to 2.53 exajoules and was dominated by natural gas – 42.3%, followed by oil – 33.2%, hydropower – 24.1%, and coal – 0.4% [7]. Venezuela is one of the world''s largest oil

Harvest Natural Resources Announces Agreement To Sell

Under the terms of the Share Purchase Agreement, CT Energy will acquire HNR Energia''s 51% interest in Harvest-Vinccler Dutch Holding B.V., a Netherlands company, through which all of Harvest''s

Russian state holding gives up control of Rosneft after Venezuela exit

Russia''s state holding company Rosneftegaz has relinquished its controlling stake in the country''s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft''s exit

Venezuela representatives, US officials meet over Citgo auction

A second bidding round for shares in Citgo''s parent company PDV Holding is expected to close on Tuesday, the final step in a years-long process expected to result in a change of ownership of the

PDVSA

OverviewReserves and capacityPoliticizationHistoryOwnership of CitgoSafetyOrganizationOverseas assets

Petróleos de Venezuela, S.A. (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil in

Good Energy Holding

We are leveraging advanced exploration techniques to bring affordable, clean energy and resources to market, benefiting local communities and supporting environmental sustainability. Good Energy Holding. Cookies. We use cookies to enable the proper functioning and security of our website, and to offer you the best possible user experience.

Capital Energy

Capital Energy está presente en toda la cadena de valor de la generación renovable. Nuestro objetivo es llevar al consumidor final la energía 100% limpia. @ 2024 Capital Energy Holding Company, S.A.U. Paseo del Club Deportivo 1, edificio 13, planta 2ª, 28223

Amber Energy on Track to Acquire CITGO

Amber Energy, a newly formed company backed by a group of U.S. energy investors including Elliott Investment Management LP, could acquire PDV Holding Inc., for approximately $7.3 billion. The sale has not been completed, and a federal judge will still need to approve the deal as the process continues.

Interest jumps in US auction of shares in parent of Venezuela

The judge found PDV Holding, one of Citgo''s parent companies, liable for the South American nation''s foreign debt, opening the door to some $20.8 billion in claims from 17 creditors. News Today''s news

Citgo Auction Pits Icahn-Backed Oil Refiner, Creditor Group

By Marianna Parraga, Gary Mcwilliams and David French. Citgo ownership on the line with court-auction of shares; Bids not close to $21.3 billion in claims against Venezuela (Reuters) – An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in the last mile of a U.S. court auction for Citgo

Williams Companies and others v. Venezuela (II) | Investment

Venezuela (II) The Williams Companies International Holdings B.V., WilPro Energy Services (El Furrial) Limited and WilPro Energy Services (Pigap II) Limited v. Bolivarian Republic of Venezuela (II) (ICSID Case No. ARB(AF)/19/3) Expand / Collapse All Applicable IIA. Netherlands - Venezuela, Bolivarian Republic of BIT (1991)

Alpha Energy

We are building an independent, agile, oil & gas company that applies a contrarian approach to asset identification and a curious, engineering led approach to asset exploitation and company building. Alpha is currently approved as an operator of oil and gas leases and wells in Texas, Colorado, offshore in the United States, and in Ukraine. []

Maersk Drilling sheds drilling barge business (Venezuela)

Maersk Drilling has announced the divestment of its drilling barge activities in Venezuela to Barrystar Holding S.A., an investment company based in Panama. Maersk Pioneer The activities, registered in the company Maritime Contractors Venezuela S.A. (MCVSA), comprise the ownership and operation of 10 cantilevered offshore drilling barges

Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says

Citgo is a subsidiary of Venezuela''s national oil company, Petróleos de Venezuela, and one of that country''s most valuable foreign holdings. Citgo did not immediately respond to a request for

They Did It – Harvest Natural Resources Exits Venezuela

In September 2013, the company again tried to sell its assets, this time to Venezuelan energy company Pluspetrol. Total consideration for the deal was just $373 million this time, including the

Texas billionaire inks deal with Venezuela''s state-run oil giant | AP

A company started by a Texas billionaire oilman has announced a deal with Venezuela''s state-owned oil company to rehabilitate five aging oil fields. Wednesday''s announcement comes days after the Biden administration put a brake on sanctions relief for Venezuela amid concerns about the fairness of its upcoming presidential election.

Elliott leading bidder in Citgo Petroleum auction

The court is auctioning shares in Citgo parent PDV Holding after a trial found the company liable for Venezuela''s past debt defaults and expropriations. More on CVR Energy CVR Energy, Inc. (CVI

Elliott-backed Amber Energy Picked to Buy Citgo Petroleum for

Amber Energy, backed by activist investor Elliott Investment Management, has been selected to buy Citgo Petroleum Corp. with a winning bid of $7.286 billion, according to filings from a special master appointed to oversee the sale of Citgo parent PDV Holding Inc.. The U.S. District Court in Delaware launched the sale process of PDV Holding in October 2023