International Accounting Development: Oil and Gas


Advanced International Program in Oil and Gas Financial Management

For 41 years, the University of Texas at Dallas, through its Center for International Accounting Development, sponsored the Advanced International Program in Oil and Gas Financial Management. During that time 1,858 men and women from 83 different countries came to UTD to attend the course.

We will not be running the Program in 2020. Much has changed within the Energy Industry over the last 41 years and we are currently working with Fluor Corp., to create a new program designed to address the issues facing the sector in the 21st century. Details of the new course will follow once finalized.

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Next Program: TBD

For more information contact Donna Nix

The Center for International Accounting Development was created by The University of Texas at Dallas in 1976 in response to the growing needs of international, private and public entities for research, training and development in the area of international financial management. The center emphasizes the dissemination, research and development of accounting education, training, and practices for transition and developing economies.

Charles Hazzard Director, Center for International Accounting Development: Oil & Gas

Advisory Council

The Planning and Advisory Committee evaluates the most recent program based on feedback from participants and faculty. Committee members approve the next year’s program, give opinions about the suitability of candidates applying to the program, comment on issues relating to oil and gas operations, give insights on other issues relevant to programs in oil and gas financial management, assess doing programs outside the U.S. and evaluate comparable programs

Peter D. Gaffney, Senior Partner, Gaffney, Cline & Associates,

Kevin Green, Partner, Ernst & Young

Kyle Liner Partner, PricewaterhouseCoopers

Brad McPhail, Partner,KPMG LLP

Andrew Melsheimer, Partner, Thompson & Knight LLP

Dan A. Odom, Partner, Deloitte

Faculty

Mr. Auter is a Senior Manager with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. Auter received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He currently serves as the lead Senior Manager responsible for the audit of Exxon Mobil Corporation. Mr. Auter completed a tour of duty in Budapest, Hungary between 2012 and 2015 where he worked with subsidiaries of U.S. public companies and shared service centers. Mr. Auter is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Mr. Barden is a Clinical Professor and the Associate Dean of Executive Education at the University of Texas at Dallas. John teaches in the Undergraduate Accounting Program, On Line MBA program, the Executive Education program and leads the Business Coaches Program. In addition, John was the Director of the MS/MBA Program at Binghamton University in New York. John is a Certified Public Accountant, Certified Fraud Examiner and a Certified Global Management Accountant. For over 16 years John has worked in public accounting with PricewaterhouseCoopers, and corporate accounting with Gulf & Western and Azon Corporation. He graduated from St. John Fisher College in Rochester, New York with a BS in Accounting in 1983, and an MBA in Finance from Manhattan College in New York City in 1988.

Mr. Brimer has more than 28 years of experience in the information technology consulting industry, as well as a deep business foundation, to meet the demands of an ever changing world marketplace. Currently, he is Senior Information Security Architect Toyota North America. He was previously the Sr. Program Director in Verizon’s Global Business Services division. As the General Manager and Director of Operations for the USA Southwest Division of Systèmes d’Entreprise Logique, Mr. Brimer grew business operations from less than $50 million in revenue to more than $720 million; in addition, he implemented efficiency programs that raised profit margins from less than 12% to more than 37%. The key factor contributing to success was Mr. Brimer’s anticipation of the market’s increased perceived value of information security. He implemented training and certification programs, so his division was ready when the market was demanding of such services: FIPS 199-201 (government), HIPAA (healthcare), Sarbanes-Oxley Act (public corporations), and IP/IPSec (mobility, cloud, internetworking and communications). The southwest division encompassed southwestern USA, Mexico, Central America and Colombia. Mr. Brimer holds eight (8) Masters degrees from the University of Texas and two (2) Bachelor degrees from Texas A&M University.

Dr. Day is Professor of Finance at the University of Texas at Dallas, where he teaches courses in corporate finance and portfolio management. Prior to joining the UTD faculty in 1990, he held faculty positions at Vanderbilt University and at the University of North Carolina. A Certified Public Accountant, Professor Day earned his M.B.A. from the University of Oklahoma and a Ph.D. in Finance from Stanford University’s Graduate School of Business. Professor Day’s research examining the impact of inflation on stock market returns, the term structure of interest rates, analysts’ earnings forecasts and the volatility of derivative asset markets has been published in academic journals such as the Journal of Financial Economics and the Journal of Finance. In addition, he is a co-author of Taxes, Financial Policy, and Small Business, a monograph funded by a grant from the Small Business Administration.

Mr. Frank is a Manager with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. Frank received a Bachelor of Business Administration from Texas A&M University and a Master in Accounting from Texas Tech University. He has experience with audits of large multinational companies with an emphasis on the industrial products and oil and gas industries. He currently serves as a Manager on the audit of XTO Energy, an affiliate of Exxon Mobil Corporation. Mr. Frank is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Mr. Gaffney, a chartered engineer and geologist, is a graduate of the Royal School of Mines, Imperial College, University of London. Previously with Gaffney, Cline and Associates, an international petroleum management and technical advisory firm, of which he was a founding partner he is now an independent adviser to the industry. He has worked in most of the world’s petroleum provinces and focuses on strategic management issues and the integration of surface and subsurface operations. A former president of the Society of Petroleum Engineers, he is also a fellow of the Geological Society, the Institute of Gas Engineers and a member of the American Association of Petroleum Geologists.

Mr. Green is a Partner with Ernst & Young, LLP and is responsible for International Accounting and Auditing Issues in the Dallas, TX office.

Mr. Gusa is a Director with PricewaterhouseCoopers LLP in Houston, Texas. Mr. Gusa received a Bachelor of Science in Chemical Engineering from Michigan Technological University and was then trained as a chemical weapons, explosives and nuclear weapons specialist and explosive ordinance disposal officer while serving the in the US Army. Following his service in the Army, Mr. Gusa joined the private sector and has since worked closely on initiatives in several Senators’ and Congressmen’s offices supporting industrial and environmental, health and safety programs. He has over 30 years of experience in sustainability, environmental, health and safety (EHS) and operating asset compliance including 10 years working in industry and over 20 years in consulting services. He has worked in refineries, marine and land terminal operations, off-shore platforms and on-shore oil fields for many large oil and gas companies. Mr. Gusa is a licensed Chemical Engineer in multiple states.

Mr. Hazzard is the retired executive vice president–administration for Occidental Chemical Corporation (OxyChem). He was responsible for human resources, public and government relations, and key productivity improvement initiatives for Occidental Petroleum’s (Oxy)chemical operations. Mr. Hazzard joined OxyChem in 1983 as senior vice president-administration along with Dr. Ray R. Irani (Oxy Chairman and CEO for 21 years until 2011), having left Olin Corporation, to help turn OxyChem profitability around. At Olin for ten years, Mr. Hazzard was vice president-human resources and administrative services and held a number of managerial positions with Olin, Citicorp and Ford in compensation, benefits and employee relations. He holds a B.A. degree from the University of Notre Dame and an MBA from the Wharton School of Business at the University of Pennsylvania. Mr. Hazzard is currently a Clinical Professor and Director of the Center for International Accounting Development at the UT Dallas Jindal School of Management. He holds the 2010-2011 President’s Outstanding Teaching Award for UT Dallas.

Mr. Liner is an Assurance Partner with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. Liner received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He has experience with audits of large multinational com-panies with an emphasis on the oil and gas industry. He has extensive experience with mergers and acquisi¬tions, public offerings and reporting on internal controls. He currently serves as the partner for the audit of XTO Energy (an affiliate of Exxon Mobil Corporation) and as the auxiliary partner for the audit of Toyota USA. Mr. Liner completed a tour of duty in Budapest, Hungary between 2008 and 2010 where he worked with subsidiaries of U.S. public companies and shared service centers. Mr. Liner is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Mr. Lopez is a Manager with PricewaterhouseCoopers LLP in Houston, Texas. Mr. Lopez received a Bachelor of Business Administration in Accounting and a Master of Science in Accountancy from the University of Houston. He has experience in public accounting serving a variety of multinational and mid-size public and private oil and gas exploration and production companies. He has experience in SEC and IFRS reporting and technical accounting specific to both independent and integrated oil and gas companies. Mr. Lopez also has experience in carve-out transactions, public offerings of debt and equity, and business combinations. He currently serves as a Manager on the audit of Exxon Mobil Corporation. Mr. Lopez is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Ms. Machicek is a Manager with PricewaterhouseCoopers LLP in Houston, Texas. Ms. Machicek received a Bachelor of Business Administration in Accounting and a Master of Science in Accounting from Texas A&M University. She has experience with audits of large multinational companies with an emphasis on the oil and gas industry. She currently serves as a Manager on the audit of Exxon Mobil Corporation. Ms. Machicek is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Mr. McPhail is an International Tax Partner with KPMG. Brad’s professional career has focused on advising large multinational enterprises on their US domestic, US international and cross-border tax issues with respect to specific transactions or strategies. Additionally, his experience includes cross-border financing and repatriation planning projects. Mr. McPhail has spent considerable time overseas and served in the firm’s Paris office where he advised on US tax matters. He is frequently a speaker at international tax conferences and has previously taught international tax courses on behalf of academic and governmental institutions.

Mr. Melsheimer is a Partner in Thompson & Knight’s International Energy Practice Group. Andrew concentrates his practice on international oil and gas-related transactions, strategic commercial and business advice on cross-border transactions and investment projects, and dispute resolution matters. His experience includes acquisitions, divestments, trades, and mergers; exploration, development, and production matters; and anti-corruption (FCPA) and economic trade sanctions. His dispute-related matters have been before federal and state courts in Louisiana, Texas, and New York as well as domestic and international arbitration panels. Andrew also has in-house experience through his secondment to an international energy company, where his responsibilities included handling issues related to host-government contracts, joint operating agreements, and unitization agreements. He is the past Chair of the International Law Section of the Texas State Bar, a Board Member for the Association of International Petroleum Negotiators as well as a member of the organization’s Farmout Agreement Revision Drafting Committee, an Advisory Board Member for the Institute for International and Comparative Law at CAIL, and an Advisory Board Member for the Institute of Transnational Arbitration.

Mr. O’Beirne is a Manager with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. O’Beirne received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He has experience with audits of large U.S. public companies and mid-size public and private companies with an emphasis on the oil and gas industry. He has extensive knowledge of SEC rules, regulations, financial reporting, and various technical accounting topics. He currently serves as the manager responsible for the audit of XTO Energy, an affiliate of Exxon Mobil Corporation, and other domestic upstream companies. Mr. O’Beirne is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Mr. Odom is an Audit Partner in the Dallas, TX office of Deloitte. He serves as Engagement Partner on exploration and production, gas transmission and gas distribution companies and has extensive experience in Securities and Exchange Commission related issues. Mr. Odom is a member of the American Institute of Public Accountants, The Texas Society of Certified Public Accountants, and Council of Petroleum Accountants Societies, Dallas.

Mr. Parette is a Partner with Deloitte. Mr. Parette has served clients in a variety of industries including petroleum refining & marketing, oil and gas exploration and production, oil and gas transportation, energy service, power generation, hospitality, publishing, internet service providers, telematics, professional services, transportation, and manufacturing. Mr. Parette is a member of the American Institute of Certified Public Accountants, The Texas Society of Certified Public Accountants and as a Certified Public Accountant, he is licensed to practice in Arkansas, Oklahoma, Louisiana and Texas.

Prof. Mike Peng is the Jindal Chair of Global Strategy at UT Dallas. He is a leading scholar in global strategy and global business, with his best-selling textbooks Global Business and Global Strategy being used by leading business schools in over 40 countries. His consulting engagements include work with Texas Instruments, UK Government Office for Science, US Navy, and the World Bank.

Mr. Stockham is a Partner in the Dallas office of Thompson & Knight LLP. He has litigated numerous cases involving detailed issues of fraud. He focuses his complex business litigation practice on corporate and shareholder rights, director and officer litigation, securities litigation, class actions defense, merger litigation, partnership disputes, white collar criminal defense, and representation before government agencies such as the Securities and Exchange Commission. He has also participated in internal investigations arising from Sarbanes-Oxley and the Foreign Corrupt Practices Act. Mr. Stockham earned his law degree, with honors, in 2002 from Cornell Law School, where he served as Editor of the Cornell Law Review. He has been selected for such professional honors as Texas Rising Stars® and Texas Super Lawyers®. Mr. Stockham writes frequently and is often quoted in such publications as Law360 and Compliance Week.

Mr. Thomas is a Manager in the Dallas Advisory practice of Deloitte. Mr. Thomas has more than 11 years of experience, including roughly 6 years of Oil & Gas experience. Mr. Thomas has experience in all sectors of Oil & Gas, from exploration through to refining and marketing. He also has experience in the energy sector, including retail energy services and transmission / distribution. Mr. Thomas is a Certified Internal Auditor and a Certified Information Systems Auditor, specializing in the evaluation of internal controls and business / technology risk.

Mr. Wheeler is the Chief Procurement Officer for Fluor’s Supply Chain organization. He is responsible for procurement, contract management, material management, sourcing, travel services, logistics and export control for all Fluor business lines globally. He also has oversight of Fluor’s supply chain entity which is dedicated to selling quality, cost-effective, stand-alone procurement services to midstream-market clients. A key aspect of this includes Supply Chain’s sourcing solutions, which utilizes strategic supplier relationships in various emerging markets, including China and India. He has over thirty five years of professional experience, including significant time spent in executive management consultancy roles for the energy, construction and telecommunication industries. A portion of this time includes running his own consulting business, MW Wheeler & Associates located out of Dallas, Texas, which served the energy industry for supply chain management, operations and maintenance, capital optimization and business process reengineering. In business, Wheeler values driving tangible and sustainable results that influence improved operation capabilities and enhanced performance. In a previous role, Mr. Wheeler successfully led the procurement and contracting transformation for Reliance Industries Ltd., executed out of Mumbai, India. His portfolio includes leadership experience from various international companies that represent a wide range of industries – including A.T. Kearney, Gemini, CSC and Boeing – allowing Wheeler to bestow a wealth of industry knowledge and a global mindset to Fluor’s Supply Chain organization. He earned his bachelor’s degree in business and computer science from Coe College in Cedar Rapids, Iowa. He was also a board member and chairperson for the Dallas Arts District Friends for over 6 years, where he promoted the arts in downtown Dallas. Mr. Wheeler is National Trustee for the Boys and Girls Club of America, Southwest Region, a Council Member for the UT Dallas Jindal School of Management Dean’s Advisory Council and an Executive Committee Member and an Executive Committee Member of the Procurement Executives Group.

The following is the result of the general election of officers for the 2019-2020 term held in Richardson, Texas during the 2019 Advanced International Program in Oil and Gas Financial Management.

Officers

Secretary General
P. Kennedy
Deputy General Manger (F&A)
ONGC
Tripura Asset
Badharghat Complex Agartala
Tripura (W) 790014, India
Email

Deputy Secretary General
Maithreyi Swaminathan
Office Controller
Fluor Daniel India Private Ltd
6th Floor, Infinity Towers DLF City
Gurgaon 122002, India
Email

Regional Representatives

Africa
Florence N’Dzanga
Senior Petroleum Economist
Assala Energy
BP 2276
Libreville, Gabon
Email

Asia
Ajit Singh
GM (F&A)
ONGC
Finance
IOGPT Building ONGC Phase-II
Navi Mumbai 410221, Maharashtra, India
e-mail: ira.irianto@id.pwc.com

North America
Scott Bray
Controller
Fluor Canada Ltd
55 Sunpark Plaza SE
Calgary, Albert T2X 3R4, Canada
e-mail: scott.bray@fluor.com

South America
Petroleum Engineer
Petrobras
Av. Henrique Valadares, 28, Centro
Rio de Janeiro, RJ CEP: 20231-030, Brazil
e-mail: daniel.lopes@petrobras.com.br