Steve Davis Quoted on International Energy Companies Moving to Houston
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Houston Business Journal quoted Akin Gump energy partner Steve Davis on international energy companies moving to or expanding in Houston.
According to the article, the energy sector has created a majority of the more than 400,000 new jobs there over the last decade. Davis noted that unlike some companies operating off of 20+-year contracts, many of these international companies use Houston as a hub for training their employees for a few years before returning overseas, which he said he doesn’t view “as a short-term trend.”
Although these foreign companies’ executives may have a shorter stint in the United States than others, Davis believes “these companies will become integral parts of the U.S. economy.”