Related Links: Interior Dept. fact sheet on proposal The Interior Dept. has proposed 15 lease sales for offshore oil and gas drilling over the 2012-17 period, including 12 potential leases at locations in the Gulf of Mexico and three off the coast of Alaska.Expanded energy exploration could provide opportunities for engineering and construction companies, both at offshore sites and at nearby, on-shore locations.The proposal, which Interior Secretary Ken Salazar announced on Nov. 8, drew criticism from advocates and opponents of expanded oil and gas development.Drilling advocates, such as House Natural Resources Committee Chairman Doc Hastings (R-Wash.), faulted the Interior for
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.