August 2017, Vol. 244, No. 8

Features

Midyear International Report: Pipeline Construction & Market Trends

The global oil and gas industry closed 2016 with cautious optimism that the worst of a prolonged downturn might be over. Midway through this year, there is growing confidence that 2017 marks a turning point in several key areas that drive long-term demand for natural gas development and pipeline construction. While the industry still faces a challenging year, analysts believe the oil and gas industry is on a firmer footing in 2017 than at any time in the previous two years. Turning Point Wood Mackenzie projected earlier this year that exploration should return to profitability in 2017 after five years of only single-digit returns and predicted that 2017 will be a turning point for the glo