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The collapse in crude prices is fueling an appetite for new ideas to produce oil more efficiently, positioning Houston entrepreneurs for a boom of their own
Increasing computerization and automation offshore open up the possibility of dangerous disruptions, driven by errant software updates and plugged-in flash drives. One incident has already taken place.
Organizers described the lineup as more like South by Southwest or X-Games than an industry conference.
The Sugar Land-based company with investment from energy giants Total and Chesapeake is facing a federal lawsuit alleging that it’s infringing on a rival firm’s patents.
From a non-descript office in the Galleria area, it’s possible to walk around a refinery, an oil rig and even an offshore platform — thanks to high-tech tools taking advantage of virtual reality.
Eventually I would like to create what I call a “closed loop” solution, whereby things like job procedures are stored in the cloud, an engineer can download those to and modify them on a tablet, and beam them to a wearable device.
The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.
To me, that’s the selling point: if you want to work on meaningful problems with very large impacts, Houston’s a great place to be, not only because the biggest potential customers are here, but also because you have ample resources at your disposal.
Sanchez Energy’s massive planned Eagle Ford Shale buy announced Wednesday is the latest in a string of acquisitions that the three-year-old company believes will push its revenue to more than $1 billion next year.
Mark Hiduke just raised $100 million to build his three-week-old company. This 27-year-old isn’t a Silicon Valley technology entrepreneur. He’s a Texas oilman.