December 9, 2025

Venezuela rejects sale of Citgo's parent, vice president says

Venezuelan Vice President and Oil Minister Delcy Rodriguez said on the South American country rejects the 'fraudulent' and 'forced' sale of the parent company of refiner Citgo Petroleum in a legal process in the United States, after the sale was authorized by a U.S. judge last week.

Nippon Steel to shortlist two or three states for new U.S. plant

Japan’s largest steel producer will shortlist two or three states for the construction of a major new plant in the U.S. and make a final decision on its location in early 2027.

ExxonMobil in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield

ExxonMobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters.

Newlab New Orleans and JERA partner to commercialize next-generation CO2 capture technologies for power generation

Newlab New Orleans and Japan's largest power generation company JERA Co., Inc. have entered into a strategic partnership through JERA Ventures, the corporate venture arm of JERA, to commercialize next-generation point-source carbon capture technologies applied to power generation facilities.

Targa Resources increases Permian presence with $1.25B acquisition of Stakeholder Midstream

Targa Resources Corp. announced a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Stakeholder Midstream, LLC for $1.25B in cash.

Entergy Louisiana breaks ground on new, state-of-the-art facilities

Entergy Louisiana broke ground in Richland Parish to mark the start of construction on a pair of new combined-cycle combustion turbine generation facilities recently approved by the Louisiana Public Service Commission.

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