HOUSTON, TEXAS (By Amber Energy, 25.Nov.2025, Words: 370) — Amber Energy Inc. has been approved as the acquirer of PDV Holding, Inc. (PDVH), the parent of Citgo Petroleum Corporation, through a sale of shares, by Judge Leonard P. Stark of the US District Court for the District of Delaware.
Amber Energy – led by chief executive officer Gregory Goff – is committed to partnering with Citgo team members to build on its historic foundation and further strengthen Citgo as a leader in the refining, transportation, and marketing of products vital to the U.S. economy.
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Amber Energy’s strategy for growth includes reinvestment in the business and operational enhancements, as well as strategic investments to improve Citgo’s profitability. In addition, Amber Energy is focused on supporting the people running Citgo’s operations, maintaining strong relationships with communities across its network, and driving projects that improve reliability and performance.
The transaction is expected to close in 2026, pending regulatory approvals and the satisfaction of other closing conditions. Upon closing, the company will continue to operate as Citgo, and Goff will assume the role of chief executive officer.
“We look forward to working with the talented Citgo team to strengthen the business through capital investment and operational excellence,” said Goff. “I am confident that together we will help enhance America’s energy leadership position.”
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Goff has more than 40 years of experience managing and improving the financial and operational performance of energy and energy-related businesses while accelerating their growth. Goff previously served as chairman, president, and chief executive officer of Andeavor, where he spearheaded a successful financial transformation. Prior to joining Andeavor, Goff spent nearly 30 years at ConocoPhillips, where he held various leadership positions in the company’s exploration & production (E&P), downstream, and commercial segments. Goff currently serves as chief executive officer of Claire Technologies, Inc., a technology company providing low-carbon solutions to decarbonize the energy and transportation sectors.
Advisors
Barclays is acting as lead financial advisor to Amber Energy. Citi and Perella Weinberg Partners are also acting as financial advisors to Amber Energy. Akin Gump Strauss Hauer & Feld LLP and Quinn Emanuel Urquhart & Sullivan LLP are acting as primary legal advisors to Amber Energy.
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