The Difference Between Arbitration and Mediation in Construction Disputes

Posted June 15, 2017 by Silvia Zurita in Commercial, Construction, Construction News, Engineering, Financial, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Transportation, Upstream, Valuation

By Peter J. Lamont Construction Executive - Risk Management   Alternative dispute resolution has become increasingly popular in construction contracts. The two primary methods of alternate dispute resolution are mediation and arbitration. Many contractors will argue that alternative dispute resolution is faster and more cost effective then litigation. There is... Read More »

Tulsa-based Midstream co. to buy Houston Terminal co. for $2B

Posted June 6, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Engineering, Financial, Infrastructure, Midstream, Oil, Pipeline, Transportation, Valuation

SemGroup Corp. (NYSE: SEMG) announced June 6 it plans to buy Houston Fuel Oil Terminal Co. from investment funds managed by Alinda Capital Partners in a deal valued at around $2.1 billion. The acquisition is expected to close in the third quarter of 2017, and the Houston-based terminal company’s approximately... Read More »

NCARB Launches Second Alternative Path to Architect Certification

Posted June 5, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Infrastructure, Valuation

Architects without a professional degree in architecture can now earn NCARB certi cation through an alternate path. Pixabay Public Domain The National Council of Architectural Registration Boards (NCARB) has launched the second phase of its revised certification path for architects without a degree from an accredited program. This newest path... Read More »

The Impact of New Tools on Construction Productivity

Posted May 30, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Financial, Suppliers, Valuation

  Construction has never moved at the same technological pace as other industries. The nature of the business is that conditions change from job to job, and even construction of “cookie-cutter” restaurants and hotels present different geographic, regulatory and labor challenges. Therefore, it’s no surprise that when a tool or... Read More »

The 10 Largest-Capacity Refineries in the World

Posted May 3, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Natural Gas, Oil, Petrochemical, Pipeline, Valuation

Refinery construction is primarily driven by demand for oil products. "Demand growth for oil products is currently strong and will remain so for at least this year and next," says Richard Joswick, managing director of PIRA Oil Group at Platts. "Over the medium term, although we think it will slow somewhat, it will... Read More »

Number of U.S. architects holds steady, while professional mobility increases

Posted May 1, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Valuation

New data from NCARB reveals that while the number of architects remains consistent, practitioners are looking to get licensed in multiple states. There are 109,748 architects in the United States, according to the 2016 Survey of Architectural Registration Boards. While this represents a minimal drop from the previous year (roughly 0.4 percent), the survey also reveals that... Read More »

US gas users warn of LNG export impact as competition cuts liquefaction costs

Posted April 25, 2017 by Silvia Zurita in Downstream, Energy, Engineering, FPSO, Maritime, Midstream, Natural Gas, Oil, Pipeline, Shale, Transportation

A flurry of Gulf Coast LNG export facilities is set to raise U.S. domestic gas prices in the coming years and developers are optimizing liquefaction technology to capitalize on growing arbitrage opportunities between U.S. and global gas markets, analysts said. The U.S. shale revolution has spurred a raft of Gulf... Read More »

School board clears way for $10 billion petrochemical plant

Posted April 13, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Oil, Petrochemical

A $10 billion petrochemical complex north of Corpus Christi can move forward after a local school board faced down community opposition and unanimously approved millions of dollars in tax breaks sought by two of world’s biggest companies. The Gregory-Portland School Board, after more than four hours of debate and deliberation... Read More »

Aker BP forms ‘Platform Alliance’ with main contractors

Posted April 10, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Deepwater, Downstream, Energy, Engineering, Financial, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream

LYSAKER, Norway – Aker BP has awarded long-term framework agreements to five suppliers covering engineering services, construction, electro/ IT/ control room systems, and transport/installation of fixed facilities offshore. The company says the purpose of the agreements is a more integrated project delivery model involving a “Platform Alliance” for each project.... Read More »