As the crude oil prices fell in 2014 from high above $100/bbl to nearly $30/bbl in early 2016, most of the Exploration & Production (and associated hydrocarbon sectors) capital spending dropped as well. Since early 2017, for most part the prices stayed above $50/bbl and have firmed up above $60/bbl range since late 2017. This in turn has resulted in increased capital spending in the hydrocarbons industry. Engineering & Construction (E&C) businesses saw a contraction of business as oil prices fell. With growth in capital spending, we feel that E&C industry is finally “Turning the Corner”. Crude oil price escalation period from 2006 to 2014 led to significant increase in escalation in cost of capital programs and these programs were justified based on high crude price environment. Post 2016 timeframe, owners and investors are also expecting better capital efficiency for these capital programs and have challenged E&C and services companies as well as suppliers to reduce the costs. We will discuss E&C industry’s responses to these challenges and how industry is preparing and positioning in a highly competitive landscape. As author and speaker Fawn Germer said “You never know how close you are to turning the corner until you turn the corner.”, we hope that the industry leaders will provide insights about the future of this industry during this event.
November 12, 2018
5:00 PM – 9:00 PM
Hotel ZaZa, 5701 Main Street, Houston, TX
On Monday Evening, November 12, 2018, from 5:00 – 9:00 PM for industry executives to meet, discuss and get together at the Hotel ZaZa. The speaker will be Scott Sharp, Executive Vice President of Chevron Phillips Chemical.
November 13, 2018
7:00 AM – Breakfast; 8:00 AM – 4:30 PM – Program
BioScience Research Collaborative, Rice University, 6500 Main Street, Houston, TX
It’s the annual E&C industry event you will not want to miss. Come join us at the Annual Forum to hear from prominent and important Engineering & Construction industry speakers address the current climate!
Registration includes the evening banquet dinner and reception (Monday, November 12) as well as daylong program on Tuesday, November 13.
We are offering exclusive sponsorship opportunities for your company at the Annual Forum to showcase your products and solutions to a host of major EPC companies and owners in charge of capital projects in all sectors of industry (upstream, downstream, petrochemicals, LNG, infrastructure etc.)
Past Annual Forum presentations are available on this website. On the navigation bar, click on “Presentations” then “Past Forums”