The CEO says he favors consolidation over diversification, adding that it’s time to focus on returns rather than growth.
While a poll revealed employee headcount will remain stable over the next year, oil and gas companies must assess leadership styles and bear in mind the desires of millennials joining their ranks.
Out of 109 oil and gas industry executives surveyed, 76% said they had a low expectation of the public’s trust in the industry.
Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.
Many of the technologies used in drilling will last well into the future, and it could be at least 30 years before oil is simply too expensive to extract. Experts discussed what might change.
Since former EOG Resources’ CEO Mark Papa’s debut blank-check company in February 2016, special-purpose acquisition companies have raised more than $1.5 billion.
As the downturn recedes, managing the workforce is once again top of mind for managers and executives.
A few Republicans questioned the appointment of ExxonMobil CEO Rex Tillerson as Secretary of State due to his dealings with Russia.
‘If we are disciplined here in the U.S., I think that will make a heck of a difference with OPEC,’ Harold Hamm, chairman and CEO of Continental Resources, told Hart Energy.
Oklahoma Attorney General E. Scott Pruitt has led multiple legal attacks against the EPA for what he sees as a broad overreach.
Expert doubts that Continental Resources’ Harold Hamm would take top DOE post, but several others are in the running.
Donald Trump, the Republican contender for the U.S. presidency, spoke with a group of Colorado oil and gas executives in an information-sharing meeting in early October.