After nearly four years of high-octane growth, the petroleum industry has abruptly reversed course as the collapse of the global financial crisis has driven down crude-oil prices and consumer demand, causing oil producers to hit the brakes on a bevy of pipeline, refinery, exploration and storage-facility projects. Photo:Fluor Fluor is executing a $2.2-billion heavy-oil upgrade and expansion project for Marathon Oil Corp. to add considerable processing capacity at its Detroit refinery. Photo: CB&I CB&I is fabricating more than 120 modules for an Illinois refinery expansion that will double the refinery’s capacity to 240,000 bpd. The modules will be shipped and
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.