Firms Feeling the Drop in Oil

摘要

The fallout from a decline in oil prices has driven a recent decline in upstream oil-and-gas work for engineers and contractors. Still, big industrial projects continue downstream, and some contractors in some regions are hoping to take advantage of a glut of skilled labor. Work along the Gulf Coast has already seen adjustments to lower oil prices, with large oil and gas projects shelved as their economics evaporated. Sasol Ltd. delayed a decision to invest in a $14-billion project next to an ethane cracker under construction in Lake Charles, La. (ENR 3/23/15 p.11), and other projects on the drawing board also are being put on hold.