Friday, February 28, 2025
US judge clears way for more Venezuela creditors to join Citgo auction- oil and gas 360

US judge clears way for more Venezuela creditors to join Citgo auction

Nasdaq HOUSTON, Jan 8 (Reuters) – A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate in a January auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South American country’s debts and opened the door to some $24 billion in

U.S. judge voids 80 million acres of offshore oil and gas leases- oil and gas 360

U.S. judge voids 80 million acres of offshore oil and gas leases

World Oil WASHINGTON (Bloomberg) –The sale of offshore oil and gas leases on more than 80 million acres in the Gulf of Mexico was canceled by a U.S. judge who ordered regulators to take a harder look at the impact on climate change. U.S. District Judge Rudolph Contreras in Washington vacated the lease sale in a 67-page decision, issued Thursday.

U.S. judge denies effort to stop drilling auction in Arctic refuge- oil and gas 360

U.S. judge denies effort to stop drilling auction in Arctic refuge

Reuters A federal judge in Alaska ruled late on Tuesday that the Trump administration’s planned auction of oil drilling leases in the Arctic National Wildlife Refuge (ANWR) could proceed as planned on Wednesday morning. The order by U.S. District Judge Sharon Gleason comes after environmental groups and the indigenous people of northeastern Alaska sought a preliminary injunction to block the