Saturday, July 11, 2026

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I (ticker: CBI) won a contract for more than $95 million from the Aramco-Shell JV – Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than a decade, and

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

China’s Sinopec Sues Venezuela Over Unpaid Bills: Crisis Tests Ally’s Patience

China has been one of Venezuela’s biggest creditors, providing loans, cash and investment totaling more than $65 billion From AP/US News CARACAS, Venezuela (AP) — One of China’s biggest state-run conglomerates has sued a Venezuelan counterpart in a U.S. court in a dispute over unpaid bills, a sign of Beijing’s growing impatience with its socialist South American ally as it

Going Local for Supplies Sparks New Frac Sand Boom in Texas

From the Financial Times Sand prices are rebounding as fracking intensifies The industry is excavating dunes for frac sand, which is pumped into wells to crack open rocks and get oil and gas flowing. The deposits are in demand because they lie close by the hot Permian shale region, making them cheaper than sands carried in from older mines 1,000