Contractors Face Challenges in International Market

Posted August 21, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Natural Gas, Oil, Onshore, Petrochemical, Pipeline, Suppliers, Transportation

In a joint venture with Enka Insaat, Bechtel is building the Kosovo Motorway, connecting Kosovo’s capital, Pristina, with FYR Macedonia. PHOTO COURTESY OF BECHTEL The market for international contractors has been under­going stresses over the past four years, starting with a drop in commodity metals prices, which curbed the mining... Read More »

Take a tour around Katy ISD’s new $70M football stadium

Posted August 18, 2017 by Silvia Zurita in Business, Commercial, Construction, Construction News, Engineering, Infrastructure

Katy Independent School District's new $70 million Legacy Stadium is ready for prime time after two years of construction by Houston-based Durotech Inc. The facility held a dedication ceremony Aug. 17 before Katy High School's first game against Austin’s Westlake High School on Sept. 1, which will be aired on... Read More »

Top 60 Construction Management Firms

Posted August 17, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Energy, Engineering, Financial, Infrastructure, Pipeline, Suppliers, Transportation, Valuation

Jacobs, Kraus-Anderson, and Hill International are among the nation’s largest construction management and project management firms, as reported in Building Design+Construction’s 2017 Giants 300 Report. AdPro Sports Training Center, Buffalo N.Y. Photo: Kimberly Smith Photography, courtesy LPCiminelli  TOP 60 CONSTRUCTION MANAGEMENT FIRMS RANK COMPANY 2016 CM+PM REVENUE 1 Jacobs $1,199,250,000 2... Read More »

US Infrastructure Push Is Driving More Merger Activity Among AEC Firms, New Survey Says

Posted August 15, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Financial, Infrastructure, Suppliers, Valuation

  AECOM’s acquisition of Shimmick Construction includes several high-profile California projects, including the $1.2-billion Gerald Desmond Bridge Replacement. PHOTO COURTESY OF PORT OF LONG BEACH   Confidence in forecasts for increased U.S. infrastructure spending will push the pace of mergers and acquisitions among engineering and construction firms, according to a... Read More »

Big Oil Might Be In Better Shape Than U.S. Shale

Posted August 11, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Deepwater, Downstream, Energy, Engineering, Financial, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Shale, Upstream, Valuation

  For much of the past three years, the oil majors have struggled to adapt to the new reality of low oil prices, while at the same time, their smaller and nimbler rivals deftly pivoted to the ebbs and flows of oil price movements. Big Oil, it has been said,... Read More »

States Are Reviewing Plans for Largest US Wind Project

Posted August 10, 2017 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Commercial, Construction, Construction News, Energy, Engineering, Infrastructure, Midstream, Pipeline, Wind Energy

Giant project, which is set to deliver 2,000 MW via 800 turbines, finishes in 2020. RENDERING COURTESY OF INVENERGY Chicago-based wind-generation developer Invenergy and GE Renewable Energy last month made public the construction start in Oklahoma of a 2,000-MW wind farm—set to be the largest in the U.S. and the... Read More »

Entergy Louisiana receives approval to build Lake Charles Power Station

Posted August 8, 2017 by Silvia Zurita in Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Pipeline, Transportation

The Louisiana Public Service Commission voted today to approve construction of the Lake Charles Power Station, a 994-megawatt combined-cycle power plant in Westlake. The natural gas-fired plant is a key element of Entergy Louisiana's plan to provide the clean, efficient energy needed to power economic growth and bring even more savings... Read More »

Jacobs agrees to acquire CH2M

Posted August 7, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Energy, Engineering, Financial, Infrastructure, Oil, Petrochemical, Transportation, Valuation

Combined company could challenge AECOM as the world’s top engineering firm. 4G Wetlands, the Central Pasco County (Fla.) Beneficial Water Reuse Project, for which CH2M provided design, permitting and services during construction, recently won the Florida Water Environment Association’s 2016 David W. York Water Reuse Project award. Image: CH2M Jacobs... Read More »

Louisiana Offshore Oil Port seeks to export crude by early 2018

Posted August 1, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Downstream, Engineering, Financial, Infrastructure, Midstream, Natural Gas, Offshore, Oil, Onshore, Pipeline, Suppliers, Transportation, Upstream, Valuation

The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, is pursuing contracts to export crude from its U.S. Gulf Coast facility, the company said on Monday to Reuters. Until now, LOOP has taken imported oil at the facility and the new services would be... Read More »

LyondellBasell’s $2.4bn Texas chemical plant signals sustained export demand

Posted July 31, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Infrastructure, Oil, Petrochemical, Pipeline, Suppliers, Transportation, Valuation

LyondellBasell’s decision to move forward with its $2.4 billion (bn) propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in the Houston area signals a continuation of the petrochemical boom on the U.S. Gulf Coast driven by regional feedstock advantage and access to foreign markets from Texas ports.   LyondellBasell's... Read More »