Page 14 - NorthAmOil Week 05 2023

NorthAmOil NEWS IN BRIEF NorthAmOil

pipe, module, and structural steel fabrication, North Hudson launches ENERGY TRANSITION
induction bending and specialty coating
services. The integration of Shaw’s high- $275mn energy credit fund Technip Energies awarded
quality services will enable us to better meet
the needs of our well-established customer North Hudson Resource Partners, a contract for FEED of
base and will also provide us with fresh Houston-based energy investment firm,
opportunities to engage with new customers today announced the launch of its inaugural world’s largest low-
on a global scale.” credit fund, North Hudson Energy Credit
“The completion of this transaction is Partners. NH Energy Credit seeks to deploy carbon hydrogen project
another significant step for Shaw in growing $275mn of capital to support middle-
our capabilities to service throughout the market, North American onshore oil and gas at ExxonMobil’s Baytown,
entire project lifecycle,” said Mike Childers, production companies with senior secured
president and CEO of the Shaw Group. “KPE’s loans to refinance existing debt, finance Texas facility
unique expertise in the energy transition acquisitions, and fund development. NH
markets is an excellent complement to our Energy Credit will primarily provide senior Technip Energies has been awarded a contract
existing portfolio in the oil and gas, pulp and secured loans between $20 and $50mn as for the front-end engineering and design
paper, pharmaceuticals, food and beverage well as flexible capital solutions for special (FEED) of the world’s largest low-carbon
and wastewater industries. I am happy situations. hydrogen project for ExxonMobil in Baytown,
to welcome the KPE team to join Shaw’s Mark Bisso, North Hudson’s managing Texas, USA.
operations.” partner, stated: “With the continued pullback The integrated complex will produce
KP ENGINEERING, January 31, 2023 by many capital providers in the oil and gas approximately onebn cubic feet of low-carbon
sector - in particular, commercial banks – we hydrogen per day and capture more than
are pleased to be able to provide solutions for 98%, or around 7mn metric tons per year
MOVES companies seeking to achieve their strategic of the associated CO2 emissions, making it
objectives. the largest project of its kind in the world.
Chevron names Mark A. oilpatch is even more acute for small and Technip Energies has strong experience in
The lack of capital available in the
blue hydrogen projects which remove carbon
Nelson vice chairman mid-sized operators, which is a serious and replace natural gas or other higher-carbon
impediment to responsible resource
fuels with low-carbon hydrogen to support
Chevron today announced Mark A. Nelson, development. decarbonisation. As a result, Scope 1 and 2
executive vice president, Strategy, Policy & “Our Houston-based team brings extensive emissions from Baytown complex can be
Development, has been named vice chairman technical and operational experience as well reduced by up to 30%.
and executive vice president, Strategy, Policy as expertise in structuring transactions and Loic Chapuis, SVP Gas and low-carbon
& Development, effective February 1, 2023. optimising business plans. With our roots energies of Technip Energies, commented:
In this new corporate officer role, Nelson grounded in private equity, North Hudson “We are very excited to be engaged with
will continue leading Chevron’s Strategy seeks to bring a partnership mentality to ExxonMobil Low Carbon Solutions to
& Sustainability, Corporate Affairs, and each transaction and management team,” help design their low-carbon hydrogen
Business Development functions, and take on concluded Bisso. production facility. We are committed to
additional corporate responsibilities. Kirkland & Ellis served as legal counsel for advancing the energy transition and this
“Throughout his career, and as a North Hudson. project will be a hallmark in contributing
senior leader, Mark has made significant NORTH HUDSON RESOURCE PARTNERS, to the decarbonisation of existing facilities
contributions to the company’s success,” said January 31, 2023 and capturing significant volumes of carbon
Michael K. Wirth, Chevron’s chairman and emissions.”
chief executive officer. “He has worked in TECHNIP ENERGIES, January 31, 2023
every segment of our business, and his results-
driven approach positions him well to help
execute our strategy and represent Chevron
more broadly.”
Nelson previously served as executive
vice president of Downstream & Chemicals,
vice president, Midstream, Strategy & Policy,
and vice president of Corporate Strategic
Planning.
CHEVRON, January 26, 2023

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