In the wake of this year’s fatal oil platform explosion and resulting Gulf of Mexico spill—not to mention major refinery accident and pipeline leaks in recent years—under a new CEO, U.K.-based BP PLC is revamping its corporate safety culture. The firm announced late last month a new safety-and-risk division, the function of which will be “embedded” in corporate operating units with “sweeping powers” to oversee, audit and intervene in BP technical activities. “The changes are in areas where I believe we most clearly need to act, with safety and risk management our most urgent priority,” said CEO Bob Dudley, who
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.