Category: People

Tony Hayward’s Vallares Raises $2.2B in IPO

The larger-than-expected initial public offering is a comeback for Hayward, who left BP after the Deepwater Horizon disaster and may be put in charge of any company Vallares acquires.  More »

Cairn CEO to step down

Bill Gammell will leave the chief post at the U.K. independent at the end of the month to become non-executive chairman. Simon Thomson, currently legal and commercial director at the company, will become CEO.  More »

One of the last oil wildcatters is upbeat about the energy biz

Clayton Williams Jr. will tell you he doesn’t have the energy he once did. But At 79, the legendary oil man, entrepreneur and once famously gaffe-prone front-runner for Texas governor barely appears to have slackened his stride.  More »

Ken Salazar noncommittal about staying on for 2nd term

“I’m not going to look that far into the future,” the Interior Secretary said when asked whether he would continue to serve if President Obama is re-elected. “I’m working very hard on the job I have now.”  More »

Meet Lester Smith, Houston’s wildcatter of philanthropy

Smith, a mainstay in Houston’s philanthropic world, is something of a mystery beyond it, even though he is one of the city’s more colorful characters, an old-school wildcatter so devoted to cancer research he painted one of his wells pink.  More »

Former Enron prosecutor to take top White House job

Kathy Ruemmler helped prosecute former Enron executives Ken Lay and Jeff Skilling. Now she’ll be the top legal adviser to President Barack Obama.  More »

BP unit mismanaged employee retirement plans, workers say

BP’s safety record before the sinking of the Deepwater Horizon made buying shares in the company’s North American unit an “imprudent investment,” workers say in a lawsuit claiming BP lost hundreds of millions in retirement funds because it invested too heavily in its own shares.  More »

Raise denial has 41 Exxon Mobil women boiling

The 41 clerical workers at the company’s chemical and refinery complex in Baytown are steamed, saying they’ve been denied raises — because of their gender – by a company that reported a $10.6 billion first-quarter profit this week.  More »

Defense veteran in talks to join Hayward energy fund

The board of Tony Hayward’s new energy fund, Vallares, which will see the former head of BP return to British corporate life, is taking shape. George Rose, the former finance director at defense contractor BAE Systems is in talks to take up the position of chair of the audit committee. (Via FT.com)  More »

Dick Cheney: Arab uprisings unlikely to disrupt oil flows for long

The former vice president opined to a Houston crowd about the Arab Spring, alternative energy, his ties to Halliburton and why secret gaffes on his first day as Secretary of Defense actually were to his benefit.  More »

Russia’s oil tsar unbowed after BP breakdown

Deputy Prime Minister Igor Sechin, who this week saw the crowning achievement of his career as Russia’s energy tsar thwarted by rival businessmen, shows no sign of conceding defeat.  More »

Iran rules Ahmadinejad can’t be oil caretaker

Mahmoud Ahmadinejad made clear this week that he was taking on the job of caretaker oil minister after firing the previous minister last week. In that role, Iran’s president planned to personally chair an OPEC meeting in Vienna in June since Iran holds the rotating presidency of the oil bloc.  More »

They just don’t write songs about the oil patch… or do they?

Did you hear the Lady Gaga song about drilling mud and well completions? No? That’s because there isn’t one. But there are other tunes out there that glorify, vilify and lament work in the oil patch.  More »

Fastow could be home in June

The former Enron finance chief may stay only a month at the Houston halfway house where he arrived this week. Fastow is eligible for in-home confinement — under which he can live at home with his wife and two sons under some restrictions – on June 17.  More »

Fastow could be back in his own home next month

Former Enron CFO Andrew Fastow is eligible to move from a Houston halfway house such as the one pictured here to in-home confinement as early as June 17. Fastow’s former Enron colleague, Richard Causey, is already finishing his sentence at home.  More »