Quantum Energy Partners tapped Sebastian T. Gass from Chevron Corp. to lead the Houston-based private equity firm’s digital transformation as CTO.
“The energy business is being redesigned through the application of artificial intelligence and sophisticated data management,” Quantum Founder and CEO Wil VanLoh said in a statement on Sept. 10 adding that Gass already has an outstanding track record of driving results through the application of digital capabilities in the energy sector.
Gass previously worked at Chevron for 13 years where he led the oil major’s digital transformation. As general manager for technology and strategy at Chevron, he led the company’s cloud transition and their North America upstream IT and data science teams.
Prior to joining Chevron, Gass served as CTO and executive vice president at Trade-Ranger/Hubwoo, a publicly traded European company providing spend management and B2B eCommerce solutions to the energy industry. He started his career in information technology with SAP in Palo Alto, Calif.
“Sebastian’s engineering mindset, entrepreneurial spirit and industry experience position him well to help Quantum better steward our capital by remaining at the forefront of technology leadership in the energy industry,” VanLoh continued in his statement.
As CTO of Quantum, Gass will work closely with the firm’s executive leadership and technical team to build its next-generation digital platform. He will also work closely with its portfolio companies to build the ecosystem and tools they need to harness the power of cloud computing and artificial intelligence, according to a release from the firm.
“The world of software delivery via cloud technology and artificial intelligence is unlocking massive potential to lower costs, reduce risks and enhance operating performance in the energy industry. Additionally, it will transform the industry into one characterized by cleaner, more efficient and more affordable energy,” Gass said in a statement.
2020 has been a dark year for A&D, but a variety of factors point toward bright spots in the foreseeable future. Leaders from Detring Energy Advisors, EnergyNet and UBS Investment Bank share their thoughts on why.
Confidence in gas prices and low service costs solidify Goodrich Petroleum’s 2021 operations in the Haynesville Shale.
President-elect Joe Biden will move aggressively on climate change but in many cases will only accelerate existing trends toward cleaner fuels.