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[Latest] Global Power Engineering Procurement and Construction (EPC) Market Size, Forecast, Share Surpass US$ 170Bn 2030

According to CMi Global Power Engineering, Procurement, and Construction Market Size, Forecast Surpass US$ 170 Bn | 2030

Power Engineering, Procurement, and Construction Market was at US$ 129 Bn in 2021 and is growing to approx US$ 170 Bn by 2030, with a CAGR of 4% | 2022 - 2030.

Wah Seong wins US$39m contract to supply O&G modules in Africa

Wah Seong Corp Bad said today that one of its wholly-owned subsidiaries has secured a contract worth US$39.4 million (RM162.45 million) for the supply of oil and gas processing and compression modules in Gabon, Africa.

Fluor UK operation reports £72m pre-tax loss

Fluor’s UK-registered company has reported a £72.4m pre-tax loss for 2019. The Fluor Ltd subsidiary of the Texas-based engineering and construction giant reported the loss for the year ending 31 December 2019 on revenue of £1.06bn. Half of its revenue (£530m) is generated in the UK, where it works in the energy, infrastructure and life science sectors. A spokesman declined to say whether the 2019 loss was linked to its work in the UK. Fluor Ltd derived £511.8m of its 2019 income in the Middle East with continental Europe accounting for most of the rest of the annual revenue. Fluor is targeting more work in the UK infrastructure market and, in 2020, was appointed to manage Highways England’s £4.5bn smart motorways programme. It also bid alongside Bam Nuttall and Ferrovial for the HS2 Euston and Old Oak station contracts. It did not win either deal. The firm is also delivering a new combined heat and power plant in Pembrokeshire, Wales, and in 2019 won a £350m contract to

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