Business – June 2019

June 2019

Zydeco CapacityZydeco_projects-June

Zydeco Pipeline Company, jointly owned by Shell Midstream Partners and Shell Pipeline Company, began a binding open season, looking for commitments for non-firm capacity transportation service on its 350-mile pipeline, which delivers crude oil to St. James and Clovelly, La., from terminals in Houston and Nederland, Texas.


Bus_RutkowskiMichael Rutkowski joined GTI as the senior vice president, with his primary focus on unconventional supply, energy conversion and natural gas delivery. Previously, he spent nearly 15 years as a managing director in the energy practice of Navigant.

 

 


Bus_MooreEquitrans Midstream appointed Stephen M. Moore as senior vice president and general counsel. He previously worked as special project counsel for UGI Corporation.

 

 

 


Bus_MillsRoan Resources Director Joseph A. Mills has been appointed executive chairman of the board and will assume the duties of the principal executive officer of the company. This follows the resignation of Tony Maranto as chairman, CEO and president. Mills also serves as president and CEO of Samson Resources II.

 


Atlantic, Gulf & Pacific appointed Rachelle Goebel as senior vice president to lead its major LNG projects across the Americas and the global expansion of its gas engineering and project management services, based in Houston.


John Baguley was named chief operating officer at LNG Limited. He will oversee the Magnolia LNG and Bear Head LNG projects, as well as promoting integration across design, construction and operations sectors.


Donald R. Sinclair and Michael A. Creel have been appointed to the Lucid Energy Group’s board of directors. Sinclair is chairman and president of WTX Pumping Services. Creel previously was CEO of Enterprise Products Partners.


NextDecade elected Matthew Bonanno, a non-executive director, as interim-director following the death of Kathleen Eisbrenner (see obituary). A permanent chairman is expected to be appointed at the company’s general meeting of stockholders in July.


Bus_haddenJoram Hadden was named manager of Completions & Production at Sierra Resources. He joined the company in 2017 after working at Lewis Energy Group, where he served as asset manager for Eagle Ford and other projects.

 

 


Bus_bhallaEngineering services firm Stress Engineering Services promoted Kenneth Bhalla to chief technology officer. Previously, he led the company’s drilling, completion and intervention systems sub-practice and was one of the key architects of the company’s Realtime Fatigue Monitoring System.

 

 


Businesses Making News

Asset manager IFM Investors will acquire pipeline operator Buckeye Partners LP in an all-cash agreement for $6.5 billion. The deal, which will expand IFM’s midstream energy infrastructure portfolio, is expected to close in the fourth quarter. Buckeye’s midstream assets include 6,000 miles of pipeline, along with a network of marine terminals located primarily in the East Coast and Gulf Coast regions of the United States.

Equitrans Midstream Corporation and EQM Midstream Partners acquired a 60% interest in Eureka Midstream Holdings and 100% interest in Hornet Midstream Holdings in a transaction valued at $1.03 billion.

Pin Oak Energy Partners increased its acreage position across the Appalachian Basin to 167,000 net deep-acres with the acquisition of 43,000 acres in the Utica Basin from Shell subsidiary SWEPI LP.

Associations Making News

Michels Welding Superintendent Charles “Buddy” Kervin was named Man of the Year by United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada. Kervin entered the pipeline industry in 1955 and has been a welder since 1962. He has been involved in several pipeline projects in the United States throughout the past five decades.

Angela Kolar, Colonial Pipeline’s vice president of Operations Services, has been selected to chair the Pipeline Safety Management System (SMS) industry team. The team represents oil and gas industry pipeline operators and trade associations in efforts to improve performance. Members include the American Petroleum Institute (API), the Association of Oil Pipe Lines, the Interstate Natural Gas Association of America, the American Gas Association, the American Public Gas Association and the Canadian Energy Pipeline Association.


Obituary

Bus_eisbrennerKathleen Eisbrenner, founder and chairman of the board of Houston-based LNG company NextDecade, died May 9. She was 58 years old.

Eisbrenner founded Next Decade in 2010 and led the company to its listing on the Nasdaq Stock Market in July 2017. She served jointly as chairman and chief executive officer until February 2018 and remained as NextDecade’s chairman of the Board of Directors until her death.

One of the foremost female executives in the global LNG industry, Eisbrenner was formerly executive vice president at Royal Dutch Shell, where she was responsible for the management of the company’s global LNG portfolio and LNG trading business.

Prior to Shell, she was the founder and CEO of Excelerate Energy, focused on developing the Floating Storage Regasification Unit (FSRU). She also held various senior management positions at El Paso Energy.