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

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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

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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.
Charles-Drevna

Former refining lobbyist joins Institute for Energy Research

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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

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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.
CALPINE

Calpine adds two new top executives

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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

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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
20150505_otc-daily_gc_24

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

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“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

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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.
A Tenaris Conroe employee lines up a stack of pipes so a Petibone forklift can pick the up to put into another pile waiting to be finished for sale Tuesday, April 13, 2010, in Conroe.  (Nick de la Torre/Chronicle)

Hundreds more Houston-area jobs cut as oil-equipment demand falls

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Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.
Chet Thompson is set to take over as president of the American Fuel and Petrochemical Manufacturers trade group in May 2015.

A former EPA lawyer has been tapped to lead U.S. refiners’ top lobbying group

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The hire suggests the American Fuel and Petrochemical Manufacturers trade association is preparing for big battles on biofuel mandates, crude-by-rail rules and oil exports.