The merger of two of the largest U.S. pipeline companies could create a heavyweight able to finance needed pipeline infrastructure, says Fadel Gheit, a senior oil-and-gas analyst with New York City-based Oppenheimer & Co.“I think it will create long-term projects and make investments where [they are] needed,” Gheit says of the proposed merger between Kinder Morgan Inc. and El Paso Corp., announced on Oct. 16. Both firms are headquartered in Houston. “We don't have enough pipeline to take gas where it is used,” Gheit says, a situation that has existed in the pipeline sector for decades.For now, though, both El
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.