A new government report offers a harsh assessment of BP, its service contractors, and the U.S. Minerals Management Service in their respective roles in the Deepwater Horizon oil spill in the Gulf of Mexico. Related Links: NAE Interim Report No Fault Assigned by Oil-spill Panel Uncalculated Risks ENR Coverage of Gulf Oil Spill The preliminary report from the National Academy of Engineering, released Nov. 17, suggests that BP and its service contractors “lacked a suitable approach for managing the inherent risks” at the Macondo well and learning from “near misses.” Click here to see full report. “Important decisions made to
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.