A U.S. judge approved Elliott Investment Management’s $5.9 billion bid for Citgo parent PDV Holding, clearing the way for the sale of the Venezuela-owned company after years of creditor litigation. The deal still awaits regulatory approval from OFAC.
NextDecade has initiated the FERC pre-filing process for Train 6 at its Rio Grande LNG project, advancing plans to expand U.S. liquefaction capacity and Gulf Coast export infrastructure.
Exxon Mobil has lifted force majeure on its Rovuma LNG project in Mozambique, clearing the way for progress toward a 2026 final investment decision and first LNG exports in 2030.
FERC is seeking comments on creating blanket authorizations for certain LNG and hydropower activities, aiming to streamline permitting and improve regulatory certainty for infrastructure developers.
BP has shut down the full 400-mile Olympic Pipeline system after a product leak triggered repeated shutdowns and inspections near Everett, Washington. Crews have begun excavating the affected segment, with no timeline yet announced for repairs or restart.
The Federal Permitting Council says it advanced major pipeline and energy projects during the 43-day government shutdown, completing two approvals and adding nine new FAST-41 projects, including several large natural gas pipeline proposals in the Southeast and Texas.
Energy Transfer’s Enable Mississippi River Transmission has proposed the Big Hollow Project, a 9.6-mile, 20-inch pipeline linking its Illinois system to Ameren’s planned Big Hollow Energy Center in Missouri.
North Carolina has issued a Clean Water Act Section 401 water quality certification for the MVP Southgate natural gas pipeline, clearing the 5.2-mile project to advance with conditions to protect streams, wetlands and private wells.
Shell has filed an appeal in New York Supreme Court to overturn its arbitration loss against U.S. LNG exporter Venture Global, alleging the company withheld key evidence related to Calcasieu Pass operations. The move follows BP’s $1 billion arbitration win over similar claims.
WBI Energy is advancing its Bakken East pipeline, a $500 million project to transport natural gas from western North Dakota to the east for power generation and data center demand, with construction planned for 2028.
Lukoil has started diverting Caspian crude shipments from Azerbaijan’s Baku port to Russia’s Makhachkala terminal to avoid Western sanctions, shifting roughly 130,000 tons per month away from Azeri routes.
The Federal Permitting Improvement Steering Council added Kinder Morgan’s Mississippi Crossing and South System Expansion 4 projects to the FAST-41 program, expediting reviews for two major pipeline expansions that will boost natural gas capacity across the Southeastern U.S.
INEOS marked the 50th anniversary of the Forties Pipeline System, calling it a cornerstone of UK energy security while warning that high taxes and restrictive energy policies risk undermining future investment in the North Sea.
ExxonMobil is preparing to lift force majeure on its $30 billion Rovuma LNG project in Mozambique as security improves, paving the way for a 2026 final investment decision and positioning the country as a rising global LNG hub.
A second LNG carrier has departed Russia’s U.S.-sanctioned Portovaya LNG plant on the Baltic Sea, LSEG data shows. The move signals renewed export activity from the 1.5-million-ton-per-year facility, as Russia continues to seek buyers through alternative shipping routes despite sanctions.
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