VCCircleGIC, Advent, Bain invest $350 million in engineering outsourcer QuESTReutersUL] and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for $350 m …

CBC.caNatural gas upgrade of bitumen could relieve Alberta's oil pipeline bottleneckCBC.caAlberta is struggling to get its oil to market. It's been a challenge to get a new export pipeline built. So why not try to squeeze more oil through existing …

Increasing oil's performance with crumpled graphene ballsEurekAlert (press release)While oil helps reduce this friction, people have long searched for additives that enhance oil's performance. Huang and his collaborators discovered that crumpled gr …

Company Plans Gravel Island to Extract Arctic Offshore OilABC NewsWhile Shell proposed exploratory wells in the Chukchi Sea about 80 miles off Alaska's northwest coast, a Texas oil company wants to build a gravel island as a platform for five or more e …

Reuters Blogs (blog)Chaos in Libya: It's the oil, stupidReuters Blogs (blog)Militias have taken control of oil fields, pipelines and export facilities across the country. At first, they sought to extort the central government to keep the oil flowing. B …

CBC.caCheap oil and climate change spell opportunity for energy giants: Don PittisCBC.caThe oil glut persists. Profits are falling. The International Energy Association says oil prices may not start to rise till after 2020. New York investors are betting t …

CBC.caCarbon Engineering unveils groundbreaking carbon capture project in Squamish, BCCBC.caBuilt and operated by Calgary-based Carbon Engineering, the $9-million plant will capture about one tonne of CO2 per day, which is the equivalent of taking about 10 …

CBC.caBombardier's CSeries dogged by low oil, risk-averse airlinesCBC.caThe difference between a "desperate" and "creative" move is, in business, often a matter of opinion and spin. But the aerospace industry cocked a collective eye …

Gannon opens new Center for Advanced EngineeringGoErie.comThe university will dedicate its new Center for Advanced Engineering at 130 W. Eighth St. at 11 a.m. today. The building will house the mechanical engineering, biomedical engineering and a new indus …

CBC.caCheap oil will last through 2018 at least, Moody's saysCBC.caIn the early days of the slowdown that began in the late summer of 2014, the strategy for many oil producers was to ride out the storm: cut costs, put new drilling on hold and keep your …