After more than an eight-month lull in deepwater oil and gas activity in the Gulf of Mexico, the Bureau of Ocean Energy Management, Regulation and Enforcement on Feb. 28 approved the first deepwater drilling permit in the Gulf of Mexico since the Deepwater Horizon explosion on April 20, 2010. Photo: Courtesy of the Coast Guard Boats work to put out fire aboard the Deepwater Horizon on April 20. “This permit represents a significant milestone for us and for the offshore oil and gas industry, and is an important step towards safely developing deepwater energy supplies offshore,” said BOEMRE Director Michael
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.