Category: People

Energy execs among the ranks of well-paid CEOs

Oxy’s Ray Irani makes the Top 50 list at No. 2. Find out where the leaders of Exxon, Apache, Chesapeake and others landed.  More »

In the dark, death traveled one mile in 20 seconds

A random event set off the Alaska avalanche that ended the life of Houston energy-company manager and mountain climber Chris Lackey.  More »

Gasoline Prices Weigh on Americans’ View of Economy

This post was written by James Coan, Research Associate at the Baker Institute Energy Forum. Oil prices nosedived by the largest amount in two years on increasing concerns about the U.S. economy. Slower U.S. recovery means lower oil demand and with no additional negative news coming from the Middle East, oil traders have begun to […]  More »

OTC 2011 party circuit: Dockwise does it up at ZaZa

Guests were treated to decadent hors d’oeuvres, cocktails and live jazz in Hotel ZaZa’s Hemingway and Deja Vu rooms to celebrate news that the company was awarded some $34 million in contracts.  More »

Dynegy’s Williamson lands a new CEO gig

Bruce Williamson, whose severance pay at Houston-based Dynegy became a roadblock to a private equity buyout, has landed a new job as chief executive of Cleco Corp., a power company based in Pineville, La., Loren Steffy writes.  More »

Oil settles lower on bin Laden’s death, stronger dollar *updated*

“It’s kind of a see-saw effect,” said Michael Lynch, president of Strategic Energy & Economic Research. “There will be a fear, I think, in the short-term in the markets that something might happen in the next week or two. I do think in the longer term, it suggests likely more stability in the Middle East.”  More »

Houston energy analyst killed in Alaska avalanche

GenOn Energy’s Chris Lackey, 39, was among two guided groups buried by ice and snow while camping near Alaska’s Mount McKinley. The cascade threw climbers from their tents around 1 a.m. Thursday.  More »

Baker Hughes announces CEO succession plan

Martin Craighead will take over for CEO Chad Deaton on Jan. 1 at the third largest oil field services firm.  More »

Texas man used oil, gas fraud to pay for wedding

A judge sentenced Chad Michael Hays of McKinney to 25 years in prison. Securities investigators say Hays failed to tell investors that money raised for a drilling project was diverted to other uses, including his nuptials and personal expenses.  More »

Oil exec gives Houston area hospital biggest donation

Lester Smith, a Houston oil executive and survivor of bladder and prostate cancer, made a $15 million gift from his foundation to the hospital district for cancer services at its new outpatient clinic.  More »

Oil traders accused in kickback scheme may be headed for trial

Legal filings and an e-mail seeking money to pay for one of the men’s defense indicate two traders currently in prison for their roles in a multimillion dollar oil-shipping kickback scheme are preparing for trial.  More »

BP faces protests at annual meeting *updated*

Fishermen from the Gulf Coast who were hit by the oil spill bought shares in BP to give them the right to attend the meeting — and keep the Deepwater Horizon disaster in the spotlight. Indigenous communities angry at the company’s involvement in tar sands extraction in Canada and workers embroiled in a dispute at a BP-owned biofuels plant in northern England also plan protests.  More »

A decade-long fight for Port Arthur

Port Arthur native Hilton Kelley won the Goldman Environmental Prize, the highest honor of its kind for grass-roots environmentalists, for pursuing greater environmental and public health protections in the refinery town.  More »

Wanted: Oil spill prosecutors (no, not the environmental kind)

The Department of Justice is looking for lawyers to help out with the Deepwater Horizon investigation. The help-wanted ad says it’s because there’s a new task force looking into the spill, but sources say the “new” label is all about getting the case away from the supervisor of the old investigative team.  More »

Pioneer Drilling CEO offers lessons to entrepreneurs

CEO Stacy Locke advised the audience at a business forum not to be afraid to take a cut in pay for the right job.  More »