Tax break approved for Exxon and SABIC’s massive $10B Petrochem Project

Posted March 22, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Petrochemical

A proposed $10 billion, 1,400-acre petrochemical complex, hailed as the world's largest ethane steam cracker plant, is moving forward near Corpus Christi. The Gregory-Portland School Board approved March 21 tax breaks for the project, which is being developed by Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) and Saudi Basic Industries... Read More »

Health of Geophysical Industry Critical to Market Recovery

Posted March 21, 2017 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

Energy is one of the most important markets in the world, and the geophysical industry is the foundation of ensuring safe, affordable, and accessible oil and gas exploration and development. While OPEC’s landmark agreement at the end of the year to cut oil output boosted crude prices and optimism for... Read More »

Structural Failure of Precast-Concrete Span Sets Back Sydney Metro Job

Posted February 28, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Infrastructure, Transportation, Valuation

Detailed forensic analysis criticizes techniques used in segment grouting   A key component of Australia’s biggest public transport infrastructure project—Sydney’s $6.3-billion Metro North West—is the subject of a critical and detailed technical report describing how an elevated viaduct span failed at a stitch joint between two precast segments during construction last September. Project officials say the affected... Read More »

Largest oil deposit ever found in U.S. discovered in Texas

Posted November 23, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

Ken Medlock, director of an energy-studies program at Rice University in Houston, says an assessment Tuesday, Nov. 15, 2016 by the U.S. Geological Survey that the Wolfcamp Shale in the Midland-Odessa region could yield 20 billion barrels of oil is another sign that "the revival of the Permian Basin is... Read More »

New Construction Starts in 2017 to Increase 5% to $713 billion

Posted October 24, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Energy, Engineering, Financial, Infrastructure, Pipeline, Suppliers, Transportation, Valuation

Dodge Outlook Report predicts moderate growth for most project types – single family housing, commercial and institutional building, and public works, while multifamily housing levels off and electric utilities/gas plants decline. MARKET DATA |OCTOBER 24, 2016 |DODGE DATA & ANALYTICS Dodge Data & Analytics today released its 2017 Dodge Construction Outlook. The report... Read More »

Texas Economist Sees Oil Industry Leveling Out

Posted October 12, 2016 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

San Antonio Express-News Oct. 10 --A little more than two years since the start of the worst oil downturn in recent memory, the Texas petroleum industry may finally be looking at the bottom as prices, rig counts and even employment show gains. "We're just looking at these little milestones. The... Read More »

Construction Employment Rebounds with Strong September Report

Posted October 11, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Financial, Infrastructure, Suppliers, Transportation, Valuation

WASHINGTON, D.C., Oct. 7—The construction industry rebounded in a meaningful way in September by gaining 23,000 net new jobs on a monthly basis after losing 5,000 net jobs in August, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). Despite... Read More »

Green Technology: What Does it Mean for the Construction Industry?

Posted September 22, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Financial, Suppliers, Valuation

Which technologies are likely to produce the greatest environmental wins? And how can a conservative industry, slow to adopt new technology, keep up with the accelerating pace of innovation? The means of production, nature of demand and character of resulting construction projects is changing. How does sustainability help drive these... Read More »

USDOT announces recipients of transportation funding grants

Posted August 5, 2016 by Silvia Zurita in Business, Business Valuation, Construction, Construction News, Engineering, Financial, Infrastructure, Transportation, Valuation

Dive Brief: The U.S Department of Transportation announced that 40 projects across the U.S. have received a total of $484 million in grants from the eighth round of its Transportation Investment Generating Economic Recovery (TIGER) program, according to the Engineering News-Record. Of the total amount of grants allotted, the DOT awarded $193... Read More »

Risk Management in Construction: The Upfront Payoff

Posted July 19, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Financial, Valuation

How to Protect the Company in the Event of a Claim. Risk is an inherent part of any business, including contracting. The difference between the risk associated with other businesses (e.g., a small retail store) and a contracting company is the that contractors face a much greater risk of exposure due... Read More »