Israel Natural Gas Lines has signed an agreement with Italy's Micoperi Marine Contractors, Ravenna, to plan and construct a floating offshore terminal along the country's central Mediterranean coast to better ensure its supply of liquified natural gas. The $140-million project is expected to help Israel meet growing demand and counteract not only undependable natural-gas supplies from Egypt but also the current unavailability of supply from a large offshore gas field. Discovered in 2009 about 50 miles west of Haifa in the Mediterranean Sea, the Tamar field has an estimated 8.3 trillion cu ft of natural-gas deposits, but it is not
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.