NorthAmOil - North America Oil & Gas

Venezuela bond investors eye windfall as Elliott wins Citgo auction

A particular security issued by Venezuela's state oil company PDVSA has emerged as an unexpected winner in the country's $60bn pile of defaulted debt in the wake of the recent successful auction bid of Elliot Investment for US-based refiner Citgo.

Mexico’s Gato Negro granted LNG export permit from US Department of Energy

Mexico’s Gato Nego LNG facility, located in Manzanillo, has been authorised to export LNG to countries the US holds free trade agreements with, the US Department of Energy announced.

NorthAmOil: TotalEnergies boosts Eagle Ford gas holdings

Oil prices jump 5% after Biden comments on potential Israel-Iran escalation

Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.

Texas regulators approve Permian power grid expansion plan

The Public Utility Commission of Texas (PUCT) approved the Permian Basin Reliability plan on September 26.

Gulf production rebounds after Hurricane Helene

Oil and gas production in the US Gulf of Mexico was recovering this week after being disrupted by Hurricane Helene.

Elliott Investment’s Amber Energy set to buy Citgo with $7.3bn winning bid

Amber Energy has been named the presumptive winner in the auction to buy Citgo Petroleum's parent company from PDVSA.

Venezuela's Citgo auction terms spark creditor uproar

The latest twist in the US court-ordered sale of Citgo Petroleum's parent company shares has ignited a firestorm of criticism from creditors seeking recompense for Venezuela's financial misdeeds.