Talos Energy Takes 50% Stake in Repsol's Deepwater Mexico Block
Talos Energy will pay up to $50 million to acquire a 50% working interest in Repsol's Block 29 offshore Mexico, targeting FID in 2027 on a discovery holding over 200 MMboe.
Cash Flow & Billing
Invoice cycles, payment terms, operator payment delays, and strategies to improve cash flow for field service companies.
Cash Flow & Billing Guides
All guides →▸▸▸▸▸
What Happens to Subcontractor Billing When a Project Stalls, Goes Over Budget, or Never Gets Commissioned
📙 Intermediate11 min read
Post-Completion Warranty and Punch Work: Protecting Your Margins After the Job Ends
📙 Intermediate12 min read
Mechanic's Lien Rights for Subcontractors: What to Do When You're Not Getting Paid
📙 Intermediate12 min read
Job Costing for Field Service Companies: How to Know If You're Actually Making Money
📙 Intermediate12 min read
How to Reduce Field Ticket Rejections: A Subcontractor's Complete Guide
📗 Beginner10 min read
Gordie Howe Bridge Set to Open Monday After Canada-Only Ceremony
Windsor held a Canada-only ceremony for the Gordie Howe International Bridge ahead of Monday's opening, after Ottawa scrapped a joint U.S. event amid tariff tensions.
New CHPE Line Pushes NY-Canada Power Trade to 18-Month High
The EIA reports New York imported a record 52 GWh of Canadian electricity on July 3 as the new Champlain Hudson Power Express line ran at full 1,250 MW capacity during a summer heat wave.
DOL's $162M Apprenticeship Fund Ties Payouts to Worker Retention, Not Enrollment
The Department of Labor's $162 million Pay-for-Performance apprenticeship program pays contractors only after apprentices hit retention milestones, with sponsor applications opening this fall in shipbuilding, telecom, and skilled trades sectors.
Gordie Howe Bridge to Open July 27, Adding Second Detroit-Windsor Span
U.S. and Canadian officials set a July 27 opening for the Gordie Howe International Bridge after a six-week delay tied to toll governance talks, adding a second commercial crossing between Detroit and Windsor.
Kiewit's Weeks Marine Gets $88M Hudson Tunnel Change Order
The Gateway Development Commission approved an $88 million change order for Weeks Marine to clear submerged piles from the Hudson River, clearing the path for tunnel boring machines set to start in 2028.
Court Ruling Clears Funding Freeze on $16B Hudson Tunnel Project
A federal judge permanently blocked the U.S. Department of Transportation from withholding funds on the Hudson Tunnel Project, ruling the September freeze flagrantly violated federal law.
Aecon and Arctic Gateway Sign MOU for Port of Churchill and Hudson Bay Railway Development
Aecon Group has signed a collaboration agreement with Arctic Gateway Group to support infrastructure development in northern Manitoba, targeting the Port of Churchill and Hudson Bay Railway. Subcontractors with remote construction experience should take note of upcoming opportunities in the region.
New Brunswick Prompt Payment Law Passed in 2023, Still Not Enforced — And Contractors Are Paying the Price
New Brunswick's prompt payment legislation received Royal Assent in 2023, but with no enforcement date set and no draft regulations released, contractors are still waiting months to get paid. Here's what the ongoing delay means for cash flow.
Cash Flow Strategy Gives Contractors an Edge in Volatile Market
Engineering News-Record outlines how contractors can manage cash flow through payment term negotiations, digital payments, and financial planning tools to stay competitive amid rising costs and economic uncertainty.
Chariot Backs Angola Offshore Deal With $12M, Gains Access to 4,000 bpd from Chevron-Operated Block
Chariot is financing an Angolan offshore acquisition with $12 million, securing production-linked cash flows from Block 14, a Chevron-operated asset producing around 40,000 bpd gross since 1999.
Iran Conflict Pressure Tests Oil Prices as US E&P Returns Hit Four-Year Lows
A new conflict involving Iran is rattling oil markets at the worst possible time, as US exploration and production companies were already posting their weakest financial returns since 2021. Here's what subcontractors need to know.
Knife River Completes Third Mountain Region Acquisition with Montana Ready-Mix Buy
Knife River Corp. has acquired Donaldson Brothers Ready Mix in western Montana, marking its third acquisition in the Mountain segment in early 2026 as the company pursues vertically integrated growth in mid-size markets.
Eni Cuts Annual Capex by $2B, Raises Shareholder Payouts Under 2026-30 Plan
Italian energy major Eni is reducing annual capital investment by roughly EUR 2 billion and boosting shareholder distributions under its updated five-year plan, a shift that signals tighter upstream spending through 2030.
Alberta Landowners Block Oil Company Operations Over Three Years of Unpaid Lease Payments
Edmonton-area landowners erected blockades against MAGA Energy after the company allegedly failed to pay land lease fees for three years, highlighting payment risks for field service contractors.
Tariffs Push Construction Input Prices Up 7% to Start 2026
January saw a sharp spike in nonresidential construction costs, driven by tariff-affected materials like copper, steel, and industrial controls. Here's what subcontractors need to know.
Study: Mid-Sized Field Service Companies Losing $1.8M Annually to Operational Inefficiency
New research quantifies the true cost of paper-based field operations. Revenue leakage, admin overhead, and delayed approvals combine to drain nearly 5% of revenue for a typical 75-person operation.
Benchmark Data: Digital Field Approvals Hit 99% Success Rate, 59% Within 24 Hours
Analysis of 120,000 field service tickets worth over $1 billion reveals how fast industry leaders are moving. Suncor and CNRL among operators processing thousands of digital approvals monthly.
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