Calgary, Alberta-based TransCanada said on Jan. 26 that it has contracted with enough companies to proceed with the 1,980-mile Keystone XL pipeline. It would be the first to transport crude oil from Canada’s oil-sands region to refineries on the U.S. Gulf Coast. The proposed $12-billion, 36-in.-dia pipeline could move up to 150,000 barrels of oil per day. Together with the existing Keystone pipeline, the two lines would move up to 250,000 bbl daily. The project, which is contingent on U.S. State Dept. approval, is opposed by several environmental and local groups. The American Petroleum Institute says the pipeline is “a
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.