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“Global oil demand is likely to continue growing for a period, driven by rising prosperity in fast-growing developing economies,” they wrote in a paper published on Monday. more

Jan 20, 2018 7:00 AM Refining/Petrochemical

CB&I today announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc., for the development, commercialization and marketing of... more

Jan 19, 2018 11:18 AM Chemical Processing

TransCanada Corp said on Thursday customers committed to using about two-thirds of the capacity on its planned $8 billion Keystone XL oil pipeline, bringing the company closer to a final decision on when it will begin construction. more

Jan 19, 2018 9:24 AM , Pipeline/Transportation

Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. more

Jan 19, 2018 9:19 AM Drilling & Exploration

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda. more

Jan 19, 2018 12:00 AM Drilling & Exploration

OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production. more

Jan 18, 2018 9:01 AM Refining/Petrochemical

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