Extreme losses in oil, gas and utility properties along the Gulf Coast over the next 20 years can be averted or mitigated by billions of investment by the public sector and private industry, according to a report released Wednesday by Entergy Corp: and the America’s Wetland Foundation. The study found that the Gulf Coast is vulnerable to a total of more than $350 billion in economic losses by 2030 — more than 30% in the coastal oil and gas sector. “With the multiplier effect, the amount of economic loss to the Gulf Coast could rise to $700 billion, the gross
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.