LNG

Charif Souki, Tellurian Inc. co-founder and one of the architects of the U.S. LNG export industry, has been replaced as the executive chairman of his latest firm established to build the Driftwood LNG project. Houston-based Tellurian disclosed that the company’s other co-founder, Martin Houston, had been tapped to take over as chairman of the board…

LNG

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook. The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory…

M&A

Occidental Petroleum Corp. (Oxy) has agreed to acquire privately held Permian Basin oil and natural gas producer CrownRock L.P. in a deal valued at roughly $12 billion. Oxy plans to finance the acquisition by incurring $9.1 billion in new debt, issuing about $1.7 billion of common equity and assuming CrownRock’s $1.2 billion of existing debt,…

Infrastructure

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…