Low oil and gas prices are continuing to restrict the petroleum industry’s development of exploration and production infrastructure, but the need to deliver affordable liquefied natural gas (LNG) and other fuels to economic centers will boost prospects for pipeline and other distribution infrastructure investments in Asia and other regions.
The global energy sector is undergoing significant change, with more emphasis on renewable projects, microgrids and distributed generation, sector firms say.
In a year that has seen many surprising political shifts, the International Monetary Fund’s global outlook, released in October, shows that worldwide economic growth is expected to slow to 3.1% in 2016, then increase to 3.4% next year.
Proposed new port in Durban is to be created by excavating an old airport into a basin, but economic downturn causes sponsor to shelve it for now. Meanwhile, plans for existing port expansion stay on track.
A variey of trends and technologies are combining to increase telecommunications network access and capacity--good news for design firms and contractors serving this sector.
The Society for Marketing Professional Services (SMPS) and SMPS Foundation recently undertook a major research initiative to determine how A/E/C firms are handling business development - particularly when it comes to staffing the position between dedicated business developers and seller-doers.