Daily oil & gas and construction news for subcontractors
Missed billings, revenue leakage, T&M vs lump sum risks, and operational efficiency for subcontractors.
Trenchless Technology details how F.D. Thomas relined a 1,300-ft steel penstock at California's Don Pedro Dam, offering a rehab playbook for water and hydropower subcontractors facing similar legacy infrastructure.
Ørsted's 250-MW Old 300 Storage project in Needville, Texas has reached commercial operations, adding Tesla Megapack battery capacity to the ERCOT grid alongside a co-located 430-MW solar site.
Wistron has opened a $700 million, 324,000-square-foot AI infrastructure manufacturing facility in Fort Worth, Texas, its first US plant, producing Nvidia superchips and joining a run of major manufacturing investments in the state.
A Colorado task force report outlines new funding mechanisms, including data center fees and a sod tax, to raise $20 billion for water infrastructure over 30 years as severance tax revenue proves too unstable.
Granite Construction reported a threefold jump in data center backlog and raised full-year revenue guidance by $100 million, even as debt restructuring drove a $278 million quarterly loss, Construction Dive reports.
Calgary-based Precision Drilling Corp. reported an 11% revenue increase in Q2 as Canadian drilling activity rose 22% year-over-year, even as its Middle East operations faced conflict-related setbacks.
GE Vernova raised its full-year revenue outlook after gas turbine and grid equipment orders surged, even as its wind segment posted widening losses, Oilprice.com reports.
According to Bloomberg via Rigzone, US refiner profit margins remain near their highest since 2022, with refineries running at maximum capacity to meet tight gasoline and diesel supplies.
The Texas Railroad Commission is entering a new phase of its DOGE Task Force initiative, focused on faster permitting data, standardized inspections, and expanded orphan well contractor competition.
Brasfield & Gorrie posted record $7.7 billion revenue in 2025, driven by an internal joint-venture model and more than $2 billion in data center and hyperscale campus work.
A proposed DOI rule would redefine gathering costs as transportation costs for royalty purposes, potentially cutting federal energy revenue by $331 million a year while easing costs for producers on federal lands.
A Nabors Industries operations executive says drilling contractors must move beyond legacy contract structures as high-intensity operations drive up equipment wear, crew demands, and overall costs. Alternative models like strategic alliances may better align risk between drillers and operators.
Seneca Resources and Evolution Well Services have signed a three-year electric fracturing agreement in the Appalachian basin, using field-produced natural gas to power completion operations and cut diesel costs.
Burns & McDonnell posted record revenue exceeding $1 billion in the Texas and Southeast region in 2025, with data centers, power infrastructure, and LNG projects leading growth. Here's what that concentration of work means for field subcontractors.
The US Department of Transportation announced a $466 million investment to modernize Washington Union Station, targeting structural repairs, expanded passenger concourses, and new revenue-generating amenities. Multi-year subcontracting work in heavy civil and MEP trades is expected to follow.
AtkinsRéalis reported a 34% profit increase last quarter, fueled by its nuclear division, which now accounts for 25% of total revenue as the firm pursues nuclear-powered AI data center projects with Nvidia.
The three largest oilfield services companies reported mixed Q1 2026 results, with North American softness offsetting international gains. Here's what subcontractors should take away.
Baker Hughes reported Q1 2026 revenue of $6.59 billion, beating analyst estimates by $260 million as LNG orders drove growth in its Industrial & Energy segment. Here's what the strong print means for oilfield subcontractors.
Construction takeoff services can free up estimating bandwidth, but subcontractors need to weigh the efficiency gains against the risks of missing site-specific context.
Oklahoma's gross production tax hit $108 million in March 2026, up sharply from February as energy activity improves, signaling a more active operating environment for field service companies in the state.
Trenchless Technology outlines a practical daily maintenance routine for HDD mud reclaimers, covering shaker screens, fluid levels, pumps, and safety hardware. Proper reclaimer upkeep directly affects drilling efficiency and crew productivity.
Choosing between dry and wet screening comes down to material type, water access, and operational complexity. Here's what aggregate producers and screening contractors need to know.
Astec Industries' Kolberg 9225 Dual Sand Plant uses hydrocyclone technology to produce two grades of sand at once, with moisture levels as low as 8% and a compact footprint designed for fast setup.
Fermi America, co-founded by former Energy Secretary Rick Perry, is working with the NRC on a streamlined licensing process for four nuclear reactors planned near Amarillo, Texas, with construction set to begin this year.
Tulsa-based Unit Corporation saw revenues climb 10% in 2025 while cutting operating costs 4%, following its $119.7 million sale of Unit Drilling Company to Cactus Drilling.
Kongsberg Maritime, Seadrill and Hanwha Drilling partner to create centralized dynamic positioning systems that could reduce offshore crew workloads and improve drilling safety.
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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