Revealed: The top 30 EPC contractors of 2020 | United Arab Emirates | Oil & Gas

Today we unveil our annual list of the Top 30 EPC Contractors. It is always an exciting occasion, but holds special significance in this historic, challenging year.

1. National Petroleum Construction Company (NPCC)

The National Petroleum Construction Company has rocketed to the top of our list this year thanks to a few changes in ownership. NPCC extended an offer to Abu Dhabi’s National Marine Dredging company in August, which would be a reverse takeover and give NPCC shareholders a 69.7% stake in the combined entity. Once merged, the company is expected to vand North Africa. NPCC was wholly acquired by ADQ earlier in the year, when it bought a final 30% stake from a minority shareholder.

In November 2019, NPCC revealed that it signed a $11 million investment partnership with Microsoft and AVEVA to boost its digitalisation efforts, enhancing internal and customer-facing systems. NPCC has established an in-house innovation team to spearhead the transformation, part of a five-year plan.

“The close links between digital and technology revolution have brought a new era of innovation to the energy sector, which has typically been static to changes,” said Eng. Ahmed Al Dhaheri, CEO of NPCC. “We are seizing the opportunity to be a digital-first entity through the digital transformation plan, which will enable us to offer cutting edge solutions to meet the diverse needs of our customers, which too are moving ahead in the digital curve.

2. Larsen & Toubro Hydrocarbon Engineering

India’s Larsen & Toubro Hydrocarbon Engineering stole headlines throughout 2019 for winning many huge contracts, including multiple from Saudi Aramco as part of its long term agreement. While the headlines may have slowed in 2020 thanks to the coronavirus pandemic, LTHE is a powerhouse in the region with a clear pipeline into future projects. LTHE is part of Saudi Aramco’s

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Louisiana-Pacific May Have A Little More Gas In The Tank, But The Light Is Flashing (NYSE:LPX)

Between surprisingly strong housing activity and an ill-timed supply shutdown, the oriented strand board (or OSB) market is booming, with prices blowing through past peak levels around $450/msf and smashing the old 2004 housing boom pricing records. As the second-largest manufacturer of OSB, that’s good news for Louisiana-Pacific (LPX) shareholders, as the company is going to reap a surge in profits and cash flows.

The downside is that the booms never last. The price spike has been driven in large part by capacity reductions tied to COVID-19 (though some structural/cyclical shutdowns prior to COVID-19 played a role) at a time when building activity has stayed surprisingly strong and renovation/repair work has surged. Producers like Norbord (OSB), LP, Georgia Pacific, and Weyerhaeuser (WY) are scrambling to reactivate capacity to serve this demand, but the high prices won’t last. They never last.

I’m bullish on residential housing through 2021 and capacity additions in the OSB sector have been relatively restrained in recent years. That could leave a little gas in the tank for further share price appreciation, but I think anybody considering the shares ought to have an exit strategy in mind, as a look at a long-term chart will tell you that the cyclical corrections here have been pretty ferocious.

A New High For OSB Prices

OSB prices have been on a tear, rising from around $270/msf in the second quarter to around $650/msf early in September to over $700 more recently. At those late September prices, OSB has topped its former peak prices by around 50%, and that is going to drive sharply higher realizations for LP and other OSB producers, as LP was already back to 90% of available capacity at the end of the second quarter.

The spike hasn’t occurred in a vacuum. Recent house starts have

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Remodeling – Avoid Home Improvement Disasters Involving Gas and Electricity

Opportunity and danger are two sides of the same coin. Home improvement projects offer the opportunity to enjoy your home and to increase its value. Such projects; however, present the danger of personal injury, property damage, and unexpected expense if the work contains construction defects. Here are some steps you should take to maximize the opportunity and minimize the danger of home improvement projects. This article addresses common construction defects in exterior projects involving gas pipes and electrical wires. Related articles cover other construction defects.

1. Do your homework. People research many major purchases; but they spend thousands of dollars on home improvements with little or no research about avoiding construction defects or about hiring a qualified and reliable contractor. Information that can help homeowners is available from many sources. Books explain basic construction and building code concepts in plain language. Manufacturer’s installation instructions for many products are available on the internet. This does not mean that you need to become a construction expert before you embark on a home improvement project. You can and should; however, become educated so that you can recognize common construction defects. Being able to recognize construction defects puts the contractor on notice that you are an informed consumer.

2. Use only licensed and experienced contractors. Verify the status of the contractor’s license and whether any complaints have been filed against the contractor. Complaints against a contractor are not always a deal killer, but they are a red flag that requires more investigation. Obtain references from the contractor and contact them. Use at least one reference from a project completed over one year ago to help you determine the contractor’s response to warranty issues.

3. Obtain a building permit, if required. A building permit is usually required if new electrical circuits, water pipes, or gas …

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