In a series of fireside chats, Houston energy leaders took the stage at OTC to discuss what their companies are doing in the energy transition space. Photo via LinkedIn

In addition to the massive exhibit floor, networking, and panels, the 2024 Offshore Technology Conference hosts thoughtful fireside chats with energy leaders throughout the ongoing conference taking place in Houston this week.

Four energy leaders from Houston took the stage to discuss what their companies are doing within the energy transition. Take a look at what topics each of the conversations tackled.

Chris Powers, vice president of CCUS at Chevron New Energies, on energy evolution and collaboration

Chris Powers introduced Chevron New Energies, an organization within Chevron that launched in 2021, to the crowd at OTC, describing the entity's focus points as CCUS, hydrogen, offsets and emerging technology, and renewable fuels — specifically things Chevron believes it has the competitive advantage.

One of the things Powers made clear in his fireside chat is that it's not going to be one, two, or even three technologies to significantly move the energy transition along, "it's going to take all the solutions to meet all the growing energy needs," he said.

And, he continued, this current energy transition the world is in isn't exactly new.

"We've been evolving our energy supply since the dawn of man," he said. "Our view is that the world has always been in an energy evolution."

"Hydrocarbons will continue to play a huge role in the years to come, and anyone who has a different view on that I think isn't being pragmatic," he continued.

Chevron has played a role in the clean energy market for decades, Powers said, pointing out Chevron Technology Ventures, which launched in the 1990s.

"No one can do this alone," he said, pointing specifically to the ongoing Bayou Bend joint venture that Chevron is working on with Equinor and TotalEnergies. "We have to bring together the right partners and the right skill sets."

Celine Gerson, group director, Americas, and president at Fugro USA, on the importance of data

Celine Gerson set the scene for Fugro, a geo data and surveying company that diversified its business beginning in 2015 to account for the energy transition. From traditional oil and gas to renewables, "it starts with the geo data," she said during her chat. She said big projects can't map out their construction without it, and then, when it comes to maintaining the equipment, the geo data is equally important.

Another message Gerson wanted to convey is that the skill sets from traditional offshore services translate to renewables. Fugro's employee base has evolved significantly over the past few years, and Gerson said that 50 percent of the workforce was hired over the past five years and 85 percent of the leadership has changed in the past seven.

Agility is what the industry needs, Celine Gerson said, adding that the "industry need to move fast and, in order to move fast, we need to look at things differently.

Attilio Pisoni, CTO of oilfield services and equipment at Baker Hughes, on the future workforce

In addition to the world making changes toward sustainability, the energy industry is seeing a workforce evolution as well, Attilio Pisoni said during his fireside chat, adding that inspiring a workforce is key to retention and encouraging innovation.

"We have a challenge in attracting young people," Pisoni said. "To be successful, you have to have a purpose."

That purpose? Combating climate change. And that, Pisoni said, needs to be able to be quantified. "As a society over all, we need to have a standard of measurement and accuracy in reporting," he said.

To future engineers, Pisoni emphasized the importance of learning outside your specific niche.

"Having seen where the world is now, whatever you study, have a concept and understanding of the system as a whole," he said.

Erik Oswald, vice president of advocacy and policy development at ExxonMobil Low Carbon Solutions, on transferable skills from upstream

When he looks at renewables and new energy, Erik Oswald said he sees a significant similarity for the talent and skill sets required in upstream oil and gas.

"A lot of the same skills are coming into focus" within the energy transition," Oswald said, specifying CCS and upstream.

Even in light of the transferrable workforce, the industry faces needs to grow its workforce in a significant way to keep up with demand — and keeping in mind the younger generations coming onto the scene.

"We're talking about recreating the entire oil and gas industry," Oswald said on preparing the workforce for the future of the energy industry. "We have to do it, it's not an option."

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Oxy CEO Vicki Hollub to retire, Reuters reports

retirement plans

Vicki Hollub, CEO of Houston-based Occidental (Oxy), is set to retire this year, Reuters first reported Thursday.

Hollub has held the top leadership position at Oxy since 2016 and has been with the oil and gas giant for more than 40 years. Before being named CEO, she served as chief operating officer and senior executive vice president at the company. She led strategic acquisitions of Anadarko Petroleum in 2019 and CrownRock in 2024, and was the first woman selected to lead a major U.S. oil and gas company.

Reuters reports that a firm date for her retirement has not been set. Richard Jackson, who currently serves as Oxy's COO, is expected to replace Hollub in the CEO role.

Oxy is leading a number of energy transition projects.

It's subsidiary 1PointFive is developing a $1.3 billion direct air capture (DAC) project in the Midland-Odessa area that is slated to be the largest facility of its kind in the world. Known as STRATOS, it's designed to capture up to 500,000 metric tons of CO2 per year.

The company shared recently that Phase 1 of the project is expected to go online in Q2, with Phase 2 ramping up through the remainder of 2026.

“We are immensely proud of the achievements to date and the exceptional record of safety performance as we advance towards commercial startup,” Hollub said of Stratos last year.

“We believe that carbon capture and DAC, in particular, will be instrumental in shaping the future energy landscape,” she added.

Oxy was one of the first to set ambitious net-zero goals. In a 2020 interview during CERAWeek, Hollub outlined Oxy's future as a “carbon management company.”

“Ultimately, I don’t know how many years from now, Occidental becomes a carbon management company, and our oil and gas would be a support business unit for the management of that carbon. We would be not only using [CO2] in oil reservoirs [but] capturing it for sequestration as well,” Hollub said.

Oxy opened its Oxy Innovation Center in the Ion last year, focused on advancing low-carbon technology. It also operates Oxy Low Carbon Ventures, which focuses DAC, carbon sequestration and low-carbon fuels through businesses like 1PointFive, TerraLithium and others.

Hertha Metals named world's  No. 1 most innovative manufacturing co. of 2026

top innovators

Led by Conroe-based Hertha Metals, five organizations in the Houston area earned shoutouts on Fast Company’s list of the World’s Most Innovative Companies of 2026.

Hertha Metals ranked No. 1 in the manufacturing category.

Last year, Hertha unveiled a single-step process for steelmaking that it says is cheaper, more energy-efficient and just as scalable as traditional steel manufacturing. It started testing the process in 2024 at a one-metric-ton-per-day pilot plant.

At the same time, Hertha announced more than $17 million in venture capital funding from investors such as Breakthrough Energy, Clean Energy Ventures, Khosla Ventures, and Pear VC.

“We’re not just reinventing steelmaking; we’re redefining what’s possible in materials, manufacturing, and national resilience,” Laureen Meroueh, founder and CEO of Hertha, said at the time.

Meroueh was also recently named to Inc. Magazine's 2026 Female Founders 500 list.

Hertha, founded in 2022, says traditional steelmaking relies on an outdated, coal-based multistep process that is costly, and contributes up to 9 percent of industrial energy use and 10 percent of global carbon emissions.

By contrast, Hertha’s method converts low-grade iron ore into molten steel or high-purity iron in one step. The company says its process is 30 percent more energy-efficient than traditional steelmaking and costs less than producing steel in China.

Last year, Hertha said it planned to break ground in 2026 on a plant capable of producing more than 9,000 metric tons of steel per year. In its next phase, the company plans to operate at 500,000 metric tons of steel production per year.

Here are Fast Company’s rankings for the four other Houston-area organizations:

  • Houston-based Vaulted Deep, No. 3 in catchall “other” category.
  • XGS Energy, No. 7 in the energy category. XGS’ proprietary solid-state geothermal system uses thermally conductive materials to deliver affordable energy anywhere hot rock is located. While Fast Company lists Houston as XGS’ headquarters, and the company has a major presence in the city, XGS is based in Palo Alto, California.
  • Houston-based residential real estate brokerage Epique Realty, No. 10 in the business services category. Epique, which bills itself as the industry’s first AI brokerage, provides a free AI toolkit for real estate agents to enhance marketing, streamline content creation, and improve engagement with clients and prospects.
  • Texas A&M University’s Nanostructured Materials Lab in College Station. The lab studies nano-structured materials to make materials lighter for the aerospace industry, improve energy storage, and enable the creation of “smart” textiles.

CERAWeek crowns winners of 2026 clean tech pitch competition

top teams

Twelve teams from around the country, including several from Houston, took home top honors at this year's Energy Venture Day and Pitch Competition at CERAWeek.

The fast-paced event, held March 25, put on by Rice Alliance, Houston Energy Transition Initiative and TEX-E, invited 36 industry startups and five Texas-based student teams focused on driving efficiency and advancements in the energy transition to present 3.5-minute pitches before investors and industry partners during CERAWeek's Agora program.

The competition is a qualifying event for the Startup World Cup, where teams compete for a $1 million investment prize.

PolyJoule won in the Track C competition and was named the overall winner of the pitch event. The Boston-based company will go on to compete in the Startup World Cup held this fall in San Francisco.

PolyJoule was spun out of MIT and is developing conductive polymer battery technology for energy storage.

Rice University's Resonant Thermal Systems won the second-place prize and $15,000 in the student track, known as TEX-E. The team's STREED solution converts high-salinity water into fresh water while recovering valuable minerals.

Teams from the University of Texas won first and second place in the TEX-E competition, bringing home $25,000 and $10,000, respectively. The student winners were:

Companies that pitched in the three industry tracts competed for non-monetary awards. Here are the companies named "most-promising" by the judges:

Track A | Industrial Efficiency & Decarbonization

Track B | Advanced Manufacturing, Materials, & Other Advanced Technologies

  • First: Licube, based in Houston
  • Second: ZettaJoule, based in Houston and Maryland
  • Third: Oleo

Track C | Innovations for Traditional Energy, Electricity, & the Grid

The teams at this year's Energy Venture Day have collectively raised $707 million in funding, according to Rice. They represent six countries and 12 states. See the full list of companies and investor groups that participated here.