Engineering, procurement and construction firms are reporting strong growth as demand rises across energy, semiconductor and defence sectors, with US spending set to exceed US$1 trillion, reports New York's Journal of Commerce.
Fluor, KBR, TechnipFMC and Worley all posted bullish earnings, citing project cargo opportunities in nuclear, oil and gas, and chip manufacturing. E per cents play a key role in transporting materials for large-scale industrial and infrastructure developments.
Australian firm Worley reported a 32 per cent rise in annual project bookings to $11.2 billion, driven by liquefied natural gas contracts including Venture Global's CP2 export facility in Louisiana. Chief executive Chris Ashton said the company is involved in five LNG projects and is well-positioned for growth.
Worley is also leading ExxonMobil's Baytown refinery project in Texas, contributing to a 22 per cent year-on-year increase in its project backlog. The company's energy and chemicals portfolio remains a core driver of activity.
Texas-based Fluor is targeting nuclear, semiconductor and datacentre markets despite a 43 per cent drop in new awards to $1.8 billion in the second quarter. Chief executive James Breur said clients are cautious amid trade policy uncertainty but expects investment to rebound under pro-growth legislation.
Fluor's urban solutions division, which includes tech and mining projects, saw a 65 per cent decline to $856 million. Its overall backlog fell 13 per cent to $28.2 billion. Breur noted that semiconductor clients have yet to convert investment plans into firm contracts.
Defence contractor KBR is preparing for new projects under a $1 trillion defence budget expected in 2026. Its backlog grew 5 per cent to $21.6 billion, with key contracts supporting US military operations in Djibouti and Europe.
KBR also secured a front-end engineering design contract for an ammonia and urea plant in Iraq. The company sees LNG and infrastructure as additional growth areas.
TechnipFMC is on track to meet its US$30 billion offshore work order target by end-2025. It won a five-year contract from Vår Energi in July for hydrocarbon developments on the Norwegian continental shelf.
Chief executive Douglas Pferdehirt said offshore demand remains strong, with most projects scheduled beyond 2027. TechnipFMC's subsea backlog rose 22 per cent to $15.8 billion, accounting for over 90 per cent of its business.
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Fluor, KBR, TechnipFMC and Worley all posted bullish earnings, citing project cargo opportunities in nuclear, oil and gas, and chip manufacturing. E per cents play a key role in transporting materials for large-scale industrial and infrastructure developments.
Australian firm Worley reported a 32 per cent rise in annual project bookings to $11.2 billion, driven by liquefied natural gas contracts including Venture Global's CP2 export facility in Louisiana. Chief executive Chris Ashton said the company is involved in five LNG projects and is well-positioned for growth.
Worley is also leading ExxonMobil's Baytown refinery project in Texas, contributing to a 22 per cent year-on-year increase in its project backlog. The company's energy and chemicals portfolio remains a core driver of activity.
Texas-based Fluor is targeting nuclear, semiconductor and datacentre markets despite a 43 per cent drop in new awards to $1.8 billion in the second quarter. Chief executive James Breur said clients are cautious amid trade policy uncertainty but expects investment to rebound under pro-growth legislation.
Fluor's urban solutions division, which includes tech and mining projects, saw a 65 per cent decline to $856 million. Its overall backlog fell 13 per cent to $28.2 billion. Breur noted that semiconductor clients have yet to convert investment plans into firm contracts.
Defence contractor KBR is preparing for new projects under a $1 trillion defence budget expected in 2026. Its backlog grew 5 per cent to $21.6 billion, with key contracts supporting US military operations in Djibouti and Europe.
KBR also secured a front-end engineering design contract for an ammonia and urea plant in Iraq. The company sees LNG and infrastructure as additional growth areas.
TechnipFMC is on track to meet its US$30 billion offshore work order target by end-2025. It won a five-year contract from Vår Energi in July for hydrocarbon developments on the Norwegian continental shelf.
Chief executive Douglas Pferdehirt said offshore demand remains strong, with most projects scheduled beyond 2027. TechnipFMC's subsea backlog rose 22 per cent to $15.8 billion, accounting for over 90 per cent of its business.
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