Expecting to gain in an oil-services market that is showing signs of a recovery, sector engineering- construction giant Technip, Paris, and FMC Technologies, Houston, are set to merge next year to create an estimated $20-billion megafirm, the companies announced on May 19.
Infrastructure boosters rallied for their cause earlier this month at a series of gatherings in Washington, D.C. and other U.S. locations to find ways to shrink the estimated $1.4-trillion funding gap to upgrade aging highways, bridges, water systems and other public works.
KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.
Through the first quarter of this year, the dollar value of total construction starts was down 10% from the same period of last year, according to Dodge Data & Analytics’ latest report.
The U.S. House of Representatives edged U.S. flood insurance policy—and with it, risk financing needed to rebuild after losses from flooding—closer to rationality with a unanimous vote April 28.