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The Houston-based engineering and construction firm is focusing on opportunities in natural gas as oilfield activity slows.
Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.
The $600 million “Project Eagle Ford” by Koch’s Flint Hills Resources subsidiary is part of a growing trend as more Gulf Coast refineries move to utilize cheaper, nearby domestic shale crude.
Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
The recent federal action against Houston-based KBR for an overly broad confidentiality clause that could stifle whistleblowing employees reverberated through the corporate corridors of America.
The company announced a major restructuring of the business last December that includes 1,000 job cuts and a reduction in business segments to five from 16 that it said will result in a $200 million annual cost reduction.
KBR CEO William Utt will retire next year, the company announced Monday.
KBR reported a 67 percent plunge in fourth-quarter earnings, capping what Chief Executive Officer Bill Utt called “a disappointing year” for the Houston-based company.
A former KBR chief executive who oversaw a massive bribery scheme to induce Nigerian officials to award $6 billion in refinery contracts was sentenced Thursday to a 30-month prison term.
A Japanese company that helped a former Halliburton Co. subsidiary bribe Nigerian officials to win more than $6 billion in construction contracts has pleaded guilty to federal charges, the Justice Department says.