These are “boom” times for oil & gas, and as a resident of Houston I am seeing firsthand the positive economic effects of the industry on the local economy! It’s well accepted though that for the “up” times, there are “down” times; indeed, investing in oil & gas is a risky proposition, and strong economic returns like we’re seeing now are necessary to compensate for the inherent risk in backing oil & gas projects.
Despite the risks, this week’s question comes from a Young Professional looking to follow in the footsteps of other successful oil & gas entrepreneurs. More »
Many accountants would get lost in the plush garden of oil and gas acronyms, insider terminology and generally obscure language.
So would Jeff Labay — if his father hadn’t scooped him up more than a decade ago for a gig as a floor hand on an oil rig. More »
So far, my career has gone pretty well. Sure, I’m not even close to feeling like I’ve “made it”, but overall things have gone more or less my way. Still, that doesn’t mean I haven’t suffered a few setbacks, and I always think about how things could have turned out if those setbacks had ended differently and I hadn’t caught a few lucky breaks. More »
Michael Economides, an energy expert, University of Houston professor and a contributor to FuelFix, died this Saturday of a heart attack at age 64. More »
I’m taking some time off from writing this week, but I still wanted to take this chance to say “thank you” for being loyal readers! More »
The Greater Houston Natural Gas Vehicle Alliance has selected a University of Houston engineer as its inaugural president, as Houston prepares itself for natural gas vehicles to take off in the United States. More »
It’s true that for many undergraduates out of petroleum engineering programs, the goal is to land a spot at an operating company. Surely, these are excellent places to work, though I’d like to share today why I think that starting with a service company is an equally great way to launch a career in oil & gas. I’ve touched on this a few times without going into great detail, so today I’d like to flesh out that argument. More »
The new job means the former Marathon leader will sit on the boards of large energy companies in nearly every segment of the industry by the end of the year. More »
In the same quarter Forbes Magazine declared he was no longer a billionaire, Texas oil tycoon T. Boone Pickens dumped nearly half of his oil and gas positions, hawking stakes in Apache Corp., BP, Chevron and a dozen others. More »
Regulatory filings show billionaire corporate raider Carl Icahn now owns 10 percent of Chesapeake Energy. More »
National Oilwell Varco announced Thursday that Chief Operating Officer Clay Williams will succeed Pete Miller as CEO following the spin off of the company’s distribution business, expected to be completed by April. More »
Ensco announced Wednesday that CEO Dan Raburn will retire after eight years at the helm. More »