Skip to main content

Tech A Growing Focus in Energy Sector

Published Dec 06, 2019 by A.J. Mistretta

BP Center for High Performance Computing - small.JPG

The energy sector is getting techier. Companies looking to maintain production and profitability with lower overhead are pushing to digitize and automate operations. And that means a need for skills beyond those traditionally found in the industry. 

A recent Houston Chronicle article reports on the move to develop more tech skills in the sector, from coding and design to data analysis. 

According to the Chronicle: “While statewide employment in the oil and natural gas industry is down by 3 percent compared to a year ago, tech jobs in the sector appear to be growing, especially in Houston where nearly two-thirds of the estimated 228,000 tech jobs in the region are outside of traditional technology companies such as Google, Amazon and Dell.” 

“There’s a misnomer that energy companies and pipeline companies are not technology companies,” Al Monaco, CEO of the Canadian pipeline company Enbridge told the Chronicle. “Nothing could be further from the truth. In fact, industrial applications like ours are a treasure trove of opportunity.”

Enbridge opened a technology and innovation lab at its Calgary headquarters in January and then a second tech lab in Houston in April. According to the Chronicle report: Employees at the Calgary and Houston labs already have developed ways to get sensor data from pipelines faster and improve flows of crude oil and natural gas terminals. They’ve also used data generated by operations to develop better maintenance schedules and improve pipeline leak detection. And with the company branching out into new areas of business such as renewables, tech lab workers have developed ways to reposition wind turbine blades that maximize power generation.

A report from CompTIA, one of the IT industry's top trade associations, estimates that Greater Houston has nearly 228,000 tech workers, but that figure includes job titles ranging from software developers and aerospace engineers to security system installers and cable television repair technicians.

The Partnership estimates that two-thirds of tech jobs in region are in industries such as energy, medicine or aerospace.

“Demand is super high for tech workers,” said Josh Pherigo, a research manager with the Partnership. “All the oil and gas companies are digitizing. They’re changing their business models. They all want to know how they can use data to enhance their bottom line.”

Click here for more analysis of the CompTIA report. 
 

Related News

Energy

S&P Global Moves Power Conference to Houston, Highlighting Energy Leadership

10/23/24
In a significant nod to Houston's leadership in the energy transition, S&P Global has moved its annual Financing US Power Conference to Houston after 25 years in New York. The shift is more than just geographical. It is symbolic of Houston's role as a unique collaborative hub for traditional energy and scalable technologies for a low carbon future.   The three-day conference this week is set to attract over 200 attendees, including executives and decision makers from more than 100 companies. These leaders will explore the future of power generation and the essential role finance plays in advancing the energy transition.  “We moved the Financing US Power Conference to Houston to better reflect the city’s growing leadership in energy financing and innovation,” Brian Speight, content program manager at S&P Global, said. “Houston has seen a significant increase in capital flows toward both traditional and renewable energy projects. At the same time, we wanted to engage directly with the energy community here while maintaining strong ties with the financial institutions in New York, ensuring that we’re bridging the conversation between these two critical hubs for energy investment.”  Houston-based energy transition startups, businesses, and companies secured more than $3.88 billion in venture capital and private equity funding in the last five years, with corporate and strategic merger & acquisition investments driving the majority of these deals.  This ability to attract significant capital is further bolstered by Houston’s unique ecosystem. A powerful combination of Fortune 500 energy companies, alongside a thriving network of startups, accelerators, incubators, and world-class education institutions like Rice University and the University of Houston, make Houston a hotbed for energy innovation.  Building on this momentum, the Greater Houston Partnership has led efforts over the last six years to ensure the region remains at the forefront of the energy transition. The launch of the Houston Energy Transition Initative (HETI) has catapulted these efforts, leveraging Houston's industry leadership to accelerate global solutions for an energy-abundant, low-carbon future.  The Financing US Power Conference in Houston will play a pivotal role in advancing conversations that drive progress toward a more sustainable global future.  Learn more about Houston’s Energy Transition Initiative. 
Read More
Energy

Houston's Collaborative Approach and Innovation Driving the Global Energy Transition

10/17/24
Houston is poised to lead the global energy transition, but collaboration is key to success. At the Greater Houston Partnership’s fourth annual Future of Global Energy Conference, industry leaders, innovators, and policymakers gathered to explore one central theme: how we can collectively create a low-carbon future that is resilient, reliable and sustainable while meeting growing energy demands. The discussions highlighted the critical role of partnerships, investment and innovation in driving Houston’s leadership on the global stage. The Power of Collaboration “What we have here in Houston that’s really unique…The importance of collaboration with industry is critical.” – Carmichael Roberts, Co-Founder and Managing Partner, Material Impact and Co-Lead, Investment Committee, Breakthrough Energy Ventures  Roberts stressed the importance of industry partnerships, noting that while Houston’s energy ecosystem has matured significantly, collaboration is more important than ever to move at the necessary pace. “Because of our industrial base and our infrastructure, we are uniquely positioned to help those early-stage projects get done. But that also requires risk-taking from capitol providers and incumbent companies.” – Bobby Tudor, CEO of Artemis Energy Partners      The President and CEO of the Federal Reserve Bank of Dallas, Lorie Logan, said transformative issues taking place in our economy provide Houston the ability to lead the energy transition, capitalizing on its robust infrastructure, innovation ecosystem and strategic role in shaping the future of energy. “Structural changes in the economy, like the energy transition and advances in artificial intelligence, are key drivers fueling strong investment demand and unlocking potential productivity gains.” Lorie Logan At the same time, the need to reduce carbon emissions has never been more urgent. With Houston's industrial infrastructure and emerging talent, the region is ready to meet these dual challenges. Ensuring the Talent of Tomorrow  This year’s conference also featured an Emerging Talent Program supported by Chevron, to bolster the energy sector’s reputation with students and early career professionals to bridge the generational divide on the challenges and opportunities created by the dual challenge.  Click to expand In addition to that program, Texas Exchange for Energy and Climate Entrepreneurship (TEX-E) hosted a poster competition featuring TEX-E fellows and local university students.  Chase Sellers, a fourth-year PhD student in the Chemical and Biomolecular Engineering department at Rice University, won the competition. Sellers’ presentation focused on improving the affordability and scalability of green hydrogen production via electrolysis. By fostering connections between experienced professionals and emerging leaders, the conference is helping to cultivate a workforce that is equipped to address the pressing issues facing the industry today. “As we look to the future, it’s clear that Houston’s role is not just to produce energy but to lead the way in developing and deploying the solutions needed to meet the dual challenge of energy security and climate action.” – Jane Stricker, Senior Vice President of Energy Transition, Greater Houston Partnership & Executive Director, Houston Energy Transition Initiative Learn how Houston is leading the global energy transition.
Read More

Related Events

Executive Partners