The space encompasses Energy Center Three, a 20-story, 550,000-square-foot office tower under construction and 300,000 square feet in Energy Center Four, a planned 600,000-square-foot building expected to break ground later this year.
Chief executives of some of the world’s largest national oil companies said they are bullish on fossil fuels, even if their companies are also investing in biofuels and other forms of renewable energy.
Each day of drilling a deepwater well can cost an oil and gas operator $1 million or more, and costs are adding up for the offshore industry. So, maximizing the returns from the reservoirs that feed those undersea wells has become more important.
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