This year was better than 2009 for the companies that design, equip and build major projects for the worldwide oil and natural-gas industry, and all indications are that 2011 will bring further improvement, though the boom times of a few years ago have yet to return. Photo: Courtesy of KBR KBR is providing design and procurement for a deepwater offshore facility in the Caspian Sea. Related Links: Overview: Finding Work in Tough Times View Complete Global Sourcebook with Rankings General Building: Firms Say World Market Is Thawing, Albeit Slowly Transportation: Asia Bright Light in Otherwise Dim Sector Power: Growing Demand
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.