In 1956, he set up his own oil and natural gas exploration company known as Roy M. Huffington, Inc. (Huffco).[1] Huffco grew to be a major independent international oil company active around the world. In 1966 HUFFCO signed production sharing contract with Pertamina to explore oil in the Kutai Basin of the Mahakam River delta in East Kalimantan, Indonesia. Initially the exploration object was oil, but finally Huffco discovered a giant natural gas reserve in 1972 at Badak Field. Then Huffco and Pertamina initiated to build an LNG plant in Bontang. First shipping was in August 1977, only five years after discovery.[2]
From 1990 to 1993, Huffington served as Ambassador to Austria in the administration of U.S. PresidentGeorge Herbert Walker Bush.[4][5] He then returned to Houston and resumed the position of chairman of the board and chief executive officer of Roy M. Huffington, Inc., an independent international oil company.[6]
Philanthropy
Roy Huffington joined the Board of the Salzburg Global Seminar, an international policy center based in Salzburg, Austria, with offices in Washington, D.C., while serving as U.S. Ambassador to Austria. In 1994, he was elected chairman of the Salzburg Global Seminar Board, a position which he held until 2007.[3][7] Huffington also served as the chairman of the Asia Society, a New York-based charity, for seven years in the 1980s.[1]
He and his wife, the former Phyllis Gough, who died in 2003, created the Huffington Center on Aging at the Baylor College of Medicine in Houston.[1]
Huffington, having been a member of the Alpha Tau Omega fraternity at SMU, donated a significant (undisclosed) amount of money to the Alpha Tau Omega Educational Foundation, which provides collegiate scholarships for undergraduate members of the fraternity.