(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
A worker at Valero Energy's refinery in Three Rivers, Texas, Oct. 12, 2012. (Michael Stravato/The New York Times)

Chemical plants and refineries hoping to hire laid off oil and gas engineers

The global oil slump is striking the upstream sector at a critical moment for downstream companies as they scramble to address a growing problem of a lack of qualified middle-management workers rising through the ranks, according to a new analysis by executive search firm Proco Global.
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (Furmanite)

Furmanite looks to make peace with activist investors after proxy battle

Furmanite set its annual meeting for June 30 in Houston after resolving an invective-filled proxy battle in May that ended with major concessions made to activist investors. The meeting was originally delayed from April, when investors complained it was being held in Delaware to avoid a confrontation. Then, it was delayed again from May 7 when a settlement agreement was reached.
An Exterran Partners midstream compressor. (Exterran)

Exterran poaches Houston boss from GE Oil & Gas to head spinoff

Way, the CEO of drilling and surface production for GE in Houston, will become the president and CEO of the unnamed spinoff that is supposed to launch in the third quarter of the year.

Former refining lobbyist joins Institute for Energy Research

Charles Drevna is set to become a distinguished senior fellow at the Institute for Energy Research.
Jack Welch, former CEO and Chairman of General Electric, in San Francisco on Monday, May 11, 2015.

Former GE CEO Jack Welch tells energy companies to think long term, keep their talent

Welch, who led GE for 20 years until 2001, said low oil prices are teaching energy companies to become more efficient and potentially more profitable in the long run.
(AP Photo/Paul Sakuma)

Calpine adds two new top executives

The Houston-based power company named W.G. “Trey” Griggs III as its new executive vice president and chief commercial officer. Griggs was a managing director at Goldman Sachs & Co. In his new position at Calpine, Griggs will oversee the trading, origination, development and commercial analytics groups and report to CEO Thad Hill.
Frans Johansson speaks during the d5 Conference here today, Friday May 8, 2015 on the campus of the University of Houston. The d5 conference is held in conjunction with the OTC meeting which has over 90,000 attendees from around the world to see the latest technology in the energy industry. (Courtesy OTC/Todd Buchanan)

OTC’s smaller d5 lineup looks for a big change

D5’s focus is on ideas, said event host Helge Haldorsen, a Statoil and industry group executive, and d5 looked for some of the biggest ones outside of the oil and gas industry.
Categories: Offshore, OTC, People

At OTC, recruiter says layoffs could climb by 20,000, but job market could return in 2016

“If you’re coming out of graduate school this year with a fantastic degree in the oil sector, I’d probably wait a year and go on vacation. In a year’s time, it will all be back again,” Swift Worldwide Resources CEO Tobias Read said.
Transocean's Discover Seven Seas

Transocean names new CEO

Transocean, owner of the largest fleet of offshore drilling rigs, named Jeremy Thigpen as its newest chief executive officer after Steven Newman stepped down in February.