BP’s Macondo well is no longer a threat to the Gulf of Mexico, retired-U.S. Coast Guard Adm. Thad Allen said Sept. 4 after the blowout preventer was removed from the top of the well without the release of any additional oil. The BOP was shipped to a government facility in Louisiana for analysis. BP says it will still finish a relief well as an extra measure of safety later this month. Meanwhile, BP announced it would provide results of its investigation into the April 20 accident on the Deepwater Horizon on Sept. 8. An oil industry response task force Sept.
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.