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Page added on September 24, 2006

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Boom Times For Megaprojects

From the Persian Gulf to the Gulf of Mexico, huge engineering and construction companies are reaping the bonanza of the run-up in oil and natural gas prices over the past four years. Much of the money that left consumers’ pockets is flowing now into steel and concrete-megaprojects to deliver more gasoline, natural gas, and electricity than ever before.

Firms are drawing up plans to expand and boost the performance of oil refineries in the United States and build new ones overseas. They are plotting out massive plants to turn natural gas to liquid in the Middle East and Africa and equally daunting facilities on U.S. coasts to turn it back to a gas.
US News



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