Citgo Auction Turns Ugly as Venezuela Fights to Keep Its Last Crown Jewel

The fight over Venezuela’s last major foreign asset just got nastier. Lawyers for Citgo Petroleum and its owner, PDV Holding, told a Delaware court this week that Elliott Management’s affiliate…

South African government approves draft 2025 IRP

Announcing the Integrated Resource Plan (IRP) 2025 at a livestreamed event on 19 October, Minister of Electricity and Energy Kgosientsho Ramokgopa said South Africa’s electricity crisis had stunted development and economic growth.…

Venture Global Gets Permission to Introduce Natural Gas Into Final LNG Block at Plaquemines Plant

(Reuters) – Venture Global received permission to introduce natural gas into the final block of its Plaquemines LNG export facility in Louisiana on Tuesday, according to a filing from the…

US Seeks 1 Million Barrels of Oil for Strategic Petroleum Reserve

(Reuters) – The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it…