Related Links: Firms See Some Uncertainties in Hot Global Energy Market Amid the ongoing growth opportunities of the U.S.-Canada energy boom, engineers and contractors are seeing new—or renewed—growth potential in non-U.S. markets, say CEOs of publicly held E&C firms.MULLENFluor Corp. CEO David Seaton told investors at a Credit Suisse-sponsored event in New York City that, of the 20 large oil-and-gas project awards the firm is tracking over the next two years, 17 are overseas."It's a big world out there," added Patrick Mullen, president of the engineering, construction and maintenance group at CB&I. He sees growth in LNG and gas-fired power
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.