While a new report forecasts spending on North American pipelines and midstream infrastructure will begin declining after next year, at least one engineering firm sees significant near-term activity, partly on higher oil prices.“We’re seeing activity of all types—crude, natural gas and refined products,” says Ed Wiegele, president of TRC’s oil and gas sector. “2019 is really stacking up to be a very strong year for pipeline construction.”
Supply and demand for oil and natural gas is increasing, driving the need for new pipelines out of areas such as the Permian, Marcellus and Utica basins, according to Wiegele. Stable oil and natural gas prices give companies confidence to enter into long-term supply contracts that enable pipeline projects to move ahead, he says.