April 2007

Trends and Resources

HP Impact: HPImpact: Brisk capital project activity requiring smart procurement practices

Owner/operators are continuing to invest heavily in refining and petrochemical facilities. This level of activity is stretching the capabilities of suppliers and more than ever requires engineering co..

Weirauch, Wendy, Hydrocarbon Processing Staff

Owner/operators are continuing to invest heavily in refining and petrochemical facilities. This level of activity is stretching the capabilities of suppliers and more than ever requires engineering contractors to monitor price escalations, deliveries and capacity constraints. An analysis by Fluor Corp. looks at supplier dynamics and provides a short-term procurement outlook. The report tracks major equipment and material categories for product availability and pricing patterns. The impact on the fabricated structural steel market has been profound. "Structural steel fabricators in the US, Canada, Europe and the Middle East are enjoying a seller's market unlike any other in recent decades

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