Atlantic Canada $10.25B offshore oil drilling project awards Euro drilling firm detailed engineering award—as its integration deal is months away from closing.with Italy-based EPC giant that despite the current Gulf conflict, reports "strong progress" on all its Middle East projects and $1.3B in Q1 revenue in the region.
As Toronto's grid reaches its limits, Ontario's electricity system operator has proposed a $9.8 billion plan to address the issue, potentially establishing one of North America’s largest high-voltage construction programs.
Worley is EPC contractor on 200-MW capacity plant, ensuring high-pressure systems and chemical handling facilities using potassium hydroxide electrolytes meet safety standards.
The 645-mile pipeline, dubbed "Keystone Light" in reference to Keystone XL line cancelled in 2021 after former President Joe Biden revoked its US permit, would move up to 550,000 barrels per day of Canadian crude into American markets
The Trump permit enables construction of a 645-mile Canada-to-Wyoming crude pipeline connecting to one in Alberta, but challenges from environmental groups as well as further state and federal reviews are still ahead.
Probable Maximum Loss-based underwriting and delay-in-startup insurance constraints are capping limits, leaving one-third to half of project values outside traditional insurance
Hyperscale projects are outgrowing insurance capacity, leaving billions of dollars worth of construction risk uncovered as owners, contractors and insurers shift to partial-coverage.