Although many large engineering, procurement and construction, or EPC, firms in the petroleum sector are still building backlog and revenues on international jobs, traditional upstream and downstream opportunities in the U.S. remain largely in a slump. Still, many U.S.-based firms are bullish on work in Canada and South America.
Irving, Texas-based Fluor Corp. is near the end of a strong streak of U.S. refinery work won in recent years, including a $3.8-billion job for BP America at its Whiting, Ind., refinery, $1.6 billion in work in Detroit for Marathon Oil and $1.2 billion for two projects in Texas and Louisiana for Valero.