Autry Stephens, Texas Oil Billionaire, Dies at the age of 86
Autry Stephens died at the age of 86 after a long battle with cancer, Endeavor Energy Resources announced on Friday.He was known for his relentless work ethic and frugal attitude. He continued to work even while under medical treatment and relying…
Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived…
Quality Companies Appoints Nunnally as CEO
Quality Companies has announced John Clay Nunnally will move from his role as chief financial officer (CFO) to chief executive officer (CEO).Nunnally was previously CFO for Quality Companies and co-owner, president and CFO of Quality Companies’ Zadok Technologies…
Total, Siemens Hope to Sign Cuban LNG Deal Soon
French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks.The two are…
As Saudis Prepare for IPO, Some Have Misgivings
Many Saudis support oil firm Aramco's share offer, but some express concern in rare public criticism. Jamil Farsi, a prominent Saudi Arabian jewellery tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month.
Death of Castro Could Free Cuba to Produce Biofuels
The death of Cuban revolutionary Fidel Castro, a fierce critic of biofuels like ethanol, has raised hopes among industry experts that some of Cuba's vast tracts of fallow land may soon be used to ease its dependence on fuel imports. His words…
Ebner to Replace Balagia as V.P. and General Counsel, ExxonMobil
Jack Balagia, vice president and general counsel, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Nov. 1, 2016, after more than 18 years of service. It is anticipated that the board of directors will elect Randall Ebner as vice president and general counsel…
ExxonMobil, Princeton Launch Energy Research Projects
In association with their partnership focused on energy technologies, ExxonMobil and Princeton University have selected five research projects that center on solar and battery technologies, plasma physics, Arctic sea-ice modeling, and the impact of carbon dioxide absorption on the world’s oceans.
ExxonMobil Invests $15 Mln in Austin Energy Institute
ExxonMobil announced that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change.
U.S. Shale's Achilles Heel is Mending
Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates…
Baksht Succeeds Swent as Ensco CFO
Ensco plc has named Jon Baksht the company’s new chief financial officer based in London, succeeding Jay Swent, who will retire at year end. Baksht was most recently vice president - finance after joining Ensco as vice president - treasurer.
National Oilwell Varco Appoints Senior VP & CFO
Oilfield equipment manufacturer National Oilwell Varco, Inc. has named Jose A. Bayardo as its new Senior Vice President and Chief Financial Officer effective August 28, the company announced today. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer…
Texas Quakes Likely Linked to O&G Operations -Study
A series of earthquakes that rattled a small community northwest of Fort Worth, Texas, more than a year ago were linked to oil and gas operations, according to a scientific study released Tuesday. The study published in the science journal Nature…
AMS Wins Energy Technology Competition Grant
Autonomous Marine Systems Inc. (AMS), a marine data collection, monitoring and transmission solutions provider, recently won first prize in the oil and gas track of the Longhorn Energy Club’s Energy Technology Competition, the company announced.
$140m Awarded for GoM Oil Impact Research
The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and public health. These research investments…
ExxonMobil Donates $18 mi to Houston Health Institutions
ExxonMobil today announced $18 million in grants to Houston health care facilities to support cancer prevention and cardiovascular research, expand pediatric care for children with autism and enhance pediatric liver disease research and clinical services.
Offshore Failure Turns Cuba's Energy Focus Inland
New contracts signed for onshore oil development; Russia and China balk at deepwater oil exploration. U.S. embargo, ample supplies elsewhere reduce appetite. Cuba has shifted its focus away from offshore oil, concentrating on renewable energy…
Patrick T. Mulva, VP & Controller, ExxonMobil, Retires
Patrick T. Mulva, vice president and controller of Exxon Mobil Corporation has announced his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva, 63, joined Exxon Company U.S.A. in 1976 as a financial analyst at the company’s refinery in Baton Rouge…
ConocoPhillips Donates $1 Mln to Univ. of Texas, Austin
ConocoPhillips (NYSE: COP) continued its commitment of funding quality higher education at The University of Texas at Austin yesterday with a contribution of $1.185 million. A portion of the donation, $685,000, is intended to support a variety…
