Aduro Clean Technologies' selection of Saipem S.p.A. for Early Works on its Chemelot facility moved the company's flagship recycling project from concept toward what one analysis called an “engineering-defined stage.” Aduro itself has stopped short of calling it a construction commitment, and the distinction matters for how the announcement should be read.The instrument behind the selection is a conditional letter of award, an entry point...
Money is supposed to be the coldest subject in business, all decimals and percentage points. Justin Nelson, a Managing Director at J.P. Morgan Private Bank, has spent his career arguing otherwise, at least when it comes to the wealthy families his Connecticut based team advises.Where the Numbers Fall ShortNelson heads the Asset Management and Financial Principals Coverage Team, a group that oversees more than fifteen billion dollars for hedge...
Long before joint venture partnerships and podcast interviews, Gulf Coast Western started as a small oil and gas exploration outfit founded by Thomas Fleeger in Texas. That was 1970. More than five decades later, the company his son Matthew now leads has expanded well beyond its original footprint, with active holdings in Kansas, Alabama, Mississippi, Louisiana, Oklahoma, and Colorado alongside its home state operations.Passing Down a Set of...
When Kelcy Warren stepped back from Energy Transfer's top operating role in 2021, the company didn't turn to a single successor. Instead, it split the chief executive position between two longtime executives, Tom Long and Mackie McCrea. Understanding who they are helps explain why Energy Transfer chose that structure over a more conventional single-CEO handoff.Different Backgrounds, Shared TenureLong joined Energy Transfer in 2016 as chief...