Stabilis names new CEO

Houston-based small-scale LNG firm Stabilis Solutions said it has appointed Westervelt Ballard, Jr., as its next president and chief executive officer.

Ballard will replace James Reddinger, who has resigned from the company to pursue other opportunities, according to a statement by Stabilis. He will also join Stabilis’ board of directors.

Simultaneously, Stabilis’ founder and executive chairman, J. Casey Crenshaw, would relinquish his operational responsibilities and become the non-executive chairman of the board, the firm said.

Prior to joining Stabilis, Ballard served as executive vice president, chief financial officer and treasurer of Superior Energy Services, a provider of rental equipment, manufactured products, and engineered & specialized services to the global energy industry.

Stabilis has this year revealed two new LNG bunkering partnerships as it looks to develop fueling infrastructure in Texas ports. These include the Port of Galveston and the Port of Corpus Christi.

Also, the firm has earlier this year bought an LNG production facility in Port Allen, Louisiana from HR Nu Blu Energy.

Most Popular

Venture Global LNG gets Calcasieu Pass approval from FERC

US LNG exporter Venture Global LNG has received approval from the US FERC to launch operations of its entire Calcasieu Pass LNG terminal in Louisiana.

Glencore seals LNG supply deal with China’s Shandong Order Group

China’s Shandong Order Group has signed a deal to buy liquefied natural gas (LNG) from a unit of Switzerland-based energy trader Glencore.

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.

More News Like This

Stabilis names interim CEO as Ballard departs

Stabilis said on Monday this decision reflects a mutual understanding between both the board of directors and Ballard as...

Stabilis plans to build LNG bunkering facility on US Gulf Coast

Stabilis currently owns a liquefier that can produce more than 100,000 LNG gallons per day in George West, Texas...

Stabilis secures extension of LNG supply deal

Houston-based small-scale LNG player Stabilis Solutions has extended its liquefied natural gas supply deal with an unidentified provider of...

Stabilis increases LNG deliveries to US space industry

Houston-based small-scale LNG firm Stabilis Solutions expects a significant demand rise for LNG fuel from the US commercial space...