The rig owner is claiming progress on capping a deepsea well gushing oil into the Gulf of Mexico, but, as Louisiana Gov. Bobby Jindal (R) said on May 17, “We are nowhere close to the finish line. This disaster will not be over for Louisiana until our water and our shores are completely clean and our wildlife, our communities and our coastal industries are 100% restored.” + Image Illustration: Deepwater Horizon Recovery Team BP says it is managing to capture about 20% of the oil leaking from the Deepwater Horizon well by inserting a new drill tube into the fallen
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.