• COP
• NG

ConocoPhillips seeks to keep priority as creditor in Citgo auction

ConocoPhillips moves to secure its creditor priority in Citgo Petroleum amid competing lawsuits from Venezuelan bondholders for auction proceeds targeting substantial foreign debts owed by Venezuela.

• COP
• ENR1n
• HII
• OI
• TDW

Citgo auction in jeopardy as Venezuela bondholders pursue parallel claims

Venezuelan bondholders threaten Citgo auction as U.S. court decides ownership. Competing claims could disrupt compensation for debts, complicating an already lengthy legal case.

• CL
• COP
• CVX
• DVN
• HAL
• LCO
• LMT
• OXY
• SLB
• USD/CHF
• USD/JPY
• XOM

US energy companies' shares gain as Middle East crisis sparks supply fears

• COP

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

Creditors criticized auction terms for Citgo shares needed to settle Venezuelan debts, with fears the current bid may leave significant claims unpaid.

• COP

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

Creditors criticized the terms of Citgo's auction, with concerns over a bid's ability to address $21.3 billion in claims, suggesting an unfavorable outcome for them.

• COP
• CVX
• XOM

Big US oil companies reveal massive payments to foreign governments

In 2023, major U.S. energy firms paid $42 billion to foreign governments, six times more than domestic payments, revealing transparency issues regarding taxation and resource extraction profits.

• COP
• CVX
• DVN
• FANG
• PXD
• XOM

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved the Permian Basin Reliability Plan to expand power grid infrastructure, addressing rising electricity demand from oil and gas industries in the region.

• COP
• CVX
• DVN
• FANG
• PXD
• XOM

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved a plan to enhance power grid infrastructure for the Permian Basin, aiming to support rising electricity demand from the oil and gas industry.

• COP
• CVX
• XOM

In arid New Mexico, rural towns eye treated oil wastewater as a solution to drought

• COP
• CVX
• XOM

In arid New Mexico, rural towns eye treated oil wastewater as a solution to drought

New Mexico explores reusing toxic fracking wastewater amid drought; treatment advancements face political challenges and safety concerns, prompting initiatives for agricultural use and economic opportunities.