Daily oil & gas and construction news for subcontractors
Invoice cycles, payment terms, operator payment delays, and strategies to improve cash flow for field service companies.
The Gordie Howe International Bridge between Windsor and Detroit opened to pedestrians and cyclists this week, following last week's opening to motorists, according to a Canadian Press report via Daily Commercial News.
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.
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.
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.
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.
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.
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.
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 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'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.
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 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.
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 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.
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.
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.
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.
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.
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.
The week in oil & gas and heavy construction — market data, the big story, and where the work is. Every Sunday, in 60 seconds.
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