Faced with the coronavirus and the crude price collapse, oil and chemical companies are drastically scaling back capital investments to preserve cash. Most major companies have announced multibillion-dollar reductions.
Shell will reduce its 2020 capital expenditure...Read more
Mammoet has been awarded a large heavy-lift and transport contract for refinery expansion in Beaumont, Texas. The so-called Blade project of ExxonMobil is expected to create up to 1,850 jobs during construction and will increase...Read more
