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

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

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...

Stabilis seals LNG bunkering deal with Carnival

Houston-based small-scale LNG player Stabilis Solutions has secured a multi-year contract from cruise operator Carnival to provide LNG fuel...