Results tagged “oilbusiness”

It's that time of year again. The time when energy moguls from around the world descend upon our fair city for the conference of conferences. The big daddy of Oil & Gas gatherings. That's right, it's OTC week! Don't even think of booking a hotel in town. (Best to hit up the Londale motel for your escapades this week.)

Last week it was reported that Houston-based contracting giant KBR had been awarded a $6.4 billion contract to build an oil refinery in Angola, one of the world's richest countries in terms of petrochemicals (the US imports more oil from Angola than it does from Kuwait) but one of the poorest in terms of population (70% of Angolans live below the poverty line).