Articles
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Dec 11, 2024 |
theglobeandmail.com | Gary McWilliams |Mrinalika Roy
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Dec 6, 2024 |
whbl.com | Gary McWilliams
By Gary McWilliamsHOUSTON (Reuters) – U.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs. Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did not disclose how many jobs would be lost among its 45,000 workers.
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Dec 6, 2024 |
kfgo.com | Gary McWilliams |Marianna Parraga
By Gary McWilliams and Marianna ParragaHOUSTON (Reuters) – An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding a year-long sale process was in shambles and needed to start fresh. U.S. District Court in Delaware is auctioning shares in PDV Holding to repay $21.3 billion in claims against Venezuela and state-oil firm PDVSA for expropriations and debt defaults.
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Dec 6, 2024 |
943jackfm.com | Gary McWilliams |Marianna Parraga
By Gary McWilliams and Marianna ParragaHOUSTON (Reuters) – Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, raising the ire of creditors that have waited years to get compensation. Citgo, the crown jewel of Venezuela’s overseas assets, sits at the center of a Delaware court auction in which 18 companies seek to collect up to $21.3 billion for debt defaults and expropriations in the South American country.
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Dec 6, 2024 |
933thedrive.com | Gary McWilliams |Marianna Parraga
By Gary McWilliams and Marianna ParragaHOUSTON (Reuters) – Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, raising the ire of creditors that have waited years to get compensation. Citgo, the crown jewel of Venezuela’s overseas assets, sits at the center of a Delaware court auction in which 18 companies seek to collect up to $21.3 billion for debt defaults and expropriations in the South American country.
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Washington is in no mood to let another oil company resume imports from Venezuela, reports Reuters' @mariannaparraga and @mattspetalnick, with second-largest U.S. refiner Valero Energy unable to get a hearing. Valero says no plans to ask for a license. https://t.co/Tg0truWlKB
Venezuela's king of petcoke gets caught up in the country's review of state oil firm PDVSA's accounts receivable, reports Reuters' @mariannaparraga. PDVSA invoices showed Maroil Trading owed about $424 million for exports of the refining byproduct. https://t.co/DbIMDEoVNo
California gets the power to decide how much profit state refiners should earn turning oil into fuel, reports Reuters' @e3seba. The California Energy Commission will be authorized to determine penalties for violating, get ready for it, the CAC spread. https://t.co/WGjokSLMoA