Articles

  • 2 weeks ago | bizjournals.com | Naomi Klinge

    The Houston-New York pipeline was founded by nine petroleum companies in 1962 and is currently owned by five companies, including Shell. A major pipeline between Houston and New York is being sold in a $9 billion deal. Brookfield Infrastructure Partners LP (NYSE: BIP), the flagship listed infrastructure company of New York-based Brookfield Asset Management, announced April 3 it will buy Colonial Enterprises, which is headquartered near Atlanta.

  • 3 weeks ago | bizjournals.com | Naomi Klinge

    The president of ExxonMobil Product Solutions Co. is retiring, and her replacement will take over the role on May 1. A longtime executive of Spring-based Exxon Mobil Corp. (NYSE: XOM) is set to retire on May 1. Karen McKee, president of ExxonMobil Product Solutions Co., will retire after 34 years at the company. She has served as president of Exxon’s Product Solutions business since 2022, when the company combined its chemicals and downstream divisions.

  • 3 weeks ago | bizjournals.com | Naomi Klinge

    The company said the new CEO underscores its “commitment to strengthening its North American presence and advancing its after-sales services.”A Houston-area subsidiary of Japan-based Mitsubishi Corp. has named a new CEO, who will be based in Pearland. Shohei Toyota has been named president and CEO of Mitsubishi Heavy Industries Compressor International Corp., which designs and manufactures compressors, steam turbines and associated auxiliaries.

  • 3 weeks ago | bizjournals.com | Naomi Klinge

    The move also comes on the heels of Sunnova naming a new CEO, announcing job cuts and adopting a poison pill, among other things. Houston-based solar energy company Sunnova Energy International Inc. (NYSE: NOVA) has terminated its CFO without cause less than a year after he joined the company. The moves also comes less than a month after founder William J. “John” Berger stepped down as CEO, president and chairman as the company is going through a series of financial difficulties.

  • 3 weeks ago | bizjournals.com | Naomi Klinge

    Chevron is selling a major stake in its East Texas assets as part of its plans to divest $10 billion to $15 billion in assets. Houston-based Chevron Corp. (NYSE: CVX) has sold a 70% stake in its East Texas gas assets for half a billion dollars. TG Natural Resources LLC, also based in Houston, bought the majority stake for $525 million. The company paid $75 million in cash and $450 million as a capital carry to fund development in the Haynesville Shale.

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Naomi Klinge
Naomi Klinge @HBJNaomi
15 Oct 24

Exxon has been clear that certain policies will be required for its energy transition businesses to succeed, and its proposed Baytown hydrogen project is no different. @exxonmobil #45V https://t.co/YaHmHLTY2c

Naomi Klinge
Naomi Klinge @HBJNaomi
15 Jul 24

Albert Chao, one of Houston's newest billionaires, is stepping down as CEO of @WestlakeCorp, but will remain on as executive chairman of the board. https://t.co/fQHVXgunJQ

Naomi Klinge
Naomi Klinge @HBJNaomi
10 Jul 24

"We made it through this one okay, but we have a lot of summer left to go." The Port of Houston has reopened, with the port and the energy industry mostly withstanding the worst of Hurricane Beryl, but it's still early in hurricane season. https://t.co/9f6jUnNlR0