Related Links: Text of the legislation NTSB San Bruno Explosion Report Centers on Pipeline Seam Welds PG&E Faces Blast Aftermath Under a newly enacted pipeline safety bill, oil and gas pipeline companies could face additional safety requirements, and pipeline operators that violate federal rules will have to pay stiffer fines. But the legislation’s impact on safety and industry won’t be clear for many months because its implementation deadlines for key regulations are not until 2013 or 2014. Further, the law gives the U.S. Dept. of Transportation substantial leeway to consider the economic impact of the new rules.Other provisions call for federal
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.