EPC Companies Feeling the Heat of Plunging Oil Price

EPC companies are feeling the heat with the lull of big projects caused buy the plunging oil prices. Forecasts indicate that 2015 - 2016, Oil companies will not engage in new projects except those that involve routine upgrade or maintenance. This means that there will be more job cuts along the way.

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About the Author

Ver Pangonilo

A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) – Australia and Professional Electrical Engineer (PEE) – Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).

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