As oil-and-gas markets struggle to recover, publicly owned construction industry firms with ties to the sector tried to paint the best possible outlook for investors at a June 2 conference, held in New York City by investment firm Credit Suisse.
Expecting to gain in an oil-services market that is showing signs of a recovery, sector engineering- construction giant Technip, Paris, and FMC Technologies, Houston, are set to merge next year to create an estimated $20-billion megafirm, the companies announced on May 19.
Infrastructure boosters rallied for their cause earlier this month at a series of gatherings in Washington, D.C. and other U.S. locations to find ways to shrink the estimated $1.4-trillion funding gap to upgrade aging highways, bridges, water systems and other public works.