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

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

More News Like This

Stabilis bags new LNG supply contract

Houston-based small-scale LNG player Stabilis Solutions has secured a new LNG supply contract for behind-the-meter power generation at an additional US data center.

Stabilis secures new approval for Galveston LNG project

Houston-based small-scale LNG player Stabilis Solutions has received a letter of recommendation (LOR) from the US Coast Guard for its planned Galveston liquefaction facility.

Seaspan, Stabilis terminate charter deal for LNG bunkering vessel

Canada's Seaspan Energy has exercised an option to terminate its previously signed charter agreement with Houston-based small-scale LNG player Stabilis Solutions for the 7,500-cbm LNG bunkering vessel Seaspan Garibaldi.

Stabilis expects to sub-charter Seaspan’s LNG bunkering vessel in Q2

Houston-based small-scale LNG player Stabilis Solutions expects to sub-charter Seaspan Energy's 7,500-cbm LNG bunkering vessel Seaspan Garibaldi in the second quarter of this year, following the termination of its Galveston bunkering contract, according to the company's management.