Large oil and gas companies seem to be looking at new opportunities to invest, to capitalize on the future growth in oil demand. The confidence to invest in operations with a long-term approach suggests they are convinced that the worst is over and that they can loosen their purse strings, reports Nasdaq , citing the Wall Street Journal. This is evident in the number of large projects undertaken by the energy companies this year, the largest to date being Chevron’s announcement of a $37 billion fresh investment to expand the output at Tengiz oilfield in Kazakhstan. According to Houston energy investment bank Tudor Pickering Holt & Co., energy companies have so far invested in eight large energy projects in 2016, compared to only four such major projects in 2015. “It’s a terrific time to be making this sort of investment,” said Todd Levy, Chevron’s president for exploration […]