ExxonMobil's (XOM) GPX Project Set to Resume After Settlement

A bankruptcy judge has approved a crucial settlement between the joint venture behind Exxon Mobil Corporation’s (XOM) $10-billion Golden Pass liquefied natural gas (LNG) project in Texas and the lead contractor, Zachry Holdings Inc. The decision allows other companies to take over and complete the project, which had faced significant delays.Located near the Louisiana border, the Golden Pass LNG facility's construction had been nearly halted after Zachry Holdings filed for Chapter 11 bankruptcy in March. The ...