Newport Houston partner Martin Lindenberg was quoted in the Houston Business Journal for July 6, commenting on the volatility of the oil and gas industry and the industry’s resulting need for solid project management.
According to Lindenberg, producers are moving projects from natural gas fields, where commodity prices have dropped to record lows, and instead are focused on liquids-rich fields, which generates additional demand for project management services.
Also, an expected exodus of retiring oil and gas executives creates openings for companies to fill with outsourced project managers.
Lindenberg pointed out that Omega, a project management company, is in a strong position, having developed widely-used project management software. Omega also supplies professionals to implement the software.
Lindenberg, a physician and business person, is well known in the Houston business community, especially for his role as Founding Chairman of the Houston Technology Center.