Contract valued at more than $95 million, CB&I reports.

Saudi Aramco Shell Refinery (SASREF) has awarded CB&I a $95 million-plus engineering, procurement and construction management contract for the modernization and expansion of its refinery in Al-Jubail city, Saudi Arabia, CB&I reported Thursday.

BEIJING, Dec 7 (Reuters) - China National Petroleum Corp (CNPC) on Thursday warned there could be natural gas shortages in China this winter if the country is hit by "extreme" weather.

Chemical giant BASF agrees to merge its oil and gas unit Wintershall with DEA.

FRANKFURT/LONDON, Dec 7 (Reuters) - Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said.

LONDON, Dec 7 (Reuters) - Oil flow along the UK's Forties oil pipeline which carries the crude that usually sets the global Brent benchmark has been reduced after a leak was detected and by a separate issue at its Kinneil plant, pipeline operator Ineos said.

Total, Sonangol sign several agreements covering both upstream and downstream activities in Angola.

Total and Sonangol have signed several agreements covering both upstream and downstream activities in Angola, paving the way for a number of new projects in the country.

For the first time in months, energy bond and stock investors are both feeling good.

(Bloomberg) -- For the first time in months, energy bond and stock investors are both feeling good.

(Bloomberg) -- Oil had its worse day in two months as a surge of gasoline supplies held in U.S. storage tanks signals refiners will need less crude.

The BSEE and US Coast Guard are conducting an investigation into a fatality in the Gulf of Mexico.

Offshore oil and gas operator Petrobras America Inc.