After nearly four years of high-octane growth, the petroleum industry has abruptly reversed course as the collapse of the global financial crisis has driven down crude-oil prices and consumer demand, causing oil producers to hit the brakes on a bevy of pipeline, refinery, exploration and storage-facility projects.
CB&I is fabricating more than 120 modules for an Illinois refinery expansion that will double the refinery’s capacity to 240,000 bpd. The modules will be shipped and installed on-site.