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Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes
Two of the world’s biggest companies plan to come together to develop and commercialize oil and gas technology at a newly minted research center in Oklahoma City.
Some 4,500 construction workers show up each day to help build the highly anticipated Springwoods Village, a 2,000-acre work-live-and-shop enclave just south of The Woodlands to be anchored by the new Exxon Mobil campus.
International energy trading firm Vitol will anchor a new development planned in the Upper Kirby District, a developer announced Tuesday.
Thousands of workers and major oil companies are flooding into South Texas. But some are reluctant to invest in houses and other permanent infrastructure. A “When will it bust?” mentality hangs over the region.
BP PLC and its partners say they will invest up to $1.1 billion to develop the Kinnoull reservoir in the North Sea.