CFO Robert W. (“Trey”) Karlovich III announced that he will be resigning from his position with NGL Energy Partners effective Sept. 30 “to pursue personal business interests.”
Williams has yet to announce who will succeed John Chandler following his retirement as CFO. However, a company release noted that “efforts are underway to identify a suitable successor.”
The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.
The acquisition of Kinetrex Energy follows the formation of Kinder Morgan’s Energy Transition Ventures group tasked with identifying commercial opportunities emerging from the low-carbon energy transition.
The move brings to an end a five-month bidding war for Canada-based pipeline operator Inter Pipeline, as the tendered shares exceed the minimum level of 55% of shares not already owned or controlled by Brookfield.
U.S. President Joe Biden separately issued an executive order allowing for sanctions to be imposed on certain Russian pipelines.
The Port of Corpus Christi and Howard Midstream Energy Partners ultimately hope to scale hydrogen production for exports to overseas demand centers.
Brazil is negotiating with Argentina on the construction of a billion-dollar pipeline from the Vaca Muerta shale gas reserves, Brazilian President Jair Bolsonaro said on Aug. 19.
Companies have dedicated themselves to free cash flow and capital discipline, and investors approve.
New $280 million debt facility to fund significant VLCC loading expansion.