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Released May 09, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Jacobs Engineering Group Incorporated (NYSE:JEC) (Dallas, Texas), like many of its peers in the engineering, procurement and construction (EPC) market, is shifting its focus to businesses that are best for its margins. Results have been positive so far as key acquisitions, such as CH2M Hill, have started to show up in Jacobs' growing backlog. Industrial Info is tracking nearly $84 billion in active global projects involving Jacobs, including more than $57 billion worth in the U.S.
Click on the image at right for a graph detailing Jacobs' active global projects by industry.
One of the most widely anticipated projects involving Jacobs is about to open its doors: Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) $2.5 billion first phase of its Elba Island LNG Liquefaction Plant in Savannah, Georgia, will convert about 210 million standard cubic feet per day of natural gas into 2.5 million tons per year of LNG for export. The six-train complex is expected to begin production soon and to be fully completed toward the end of June. It will be accompanied by a $50 million natural gas pretreatment unit.
Jacobs took over as permitting consultant on Elba Island following its 2017 acquisition of CH2M Hill, which originally had been contracted. It will perform the same services for the $500 million second phase, which comprises four trains that will process 140 million standard cubic feet per day into 1.5 million tons per year of LNG. Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) has agreed to purchase all LNG produced at Elba Island. For more information, see Industrial Info's project reports on Phase I, its pretreatment unit and Phase II.
After years of delays, one of the highest-valued projects involving Jacobs began production in April: ConocoPhillips' (NYSE:COP) (Houston, Texas) estimated $1.5 billion Greater Moose's Tooth 2 oil-production facility in Nuiqsut, Alaska. ConocoPhillips expects to produce between 35,000 and 40,000 barrels per day from 48 wells that will use existing pipelines and facilities. The oil and gas leader has been upping its game in Alaska, producing an average of 210,000 barrels of oil per day in first-quarter 2019, compared with 174,000 barrels per day in the same period last year, according to executives. For more information, see Industrial Info's project report.
Another long-delayed project in the Last Frontier, Alaska Gasline Development Corporation's (AGDC) (Anchorage, Alaska) estimated $4 billion Prudhoe Bay-to-Cook Inlet pipeline, recently received much-needed good news: Earlier this year, the U.S. Army Corps of Engineers and the U.S. Bureau of Land Management (BLM) granted AGDC the last major permit it needed before making a final investment decision on the 733-mile line, which would transport up to 500 million cubic feet per day of natural gas from Prudhoe Bay, which is on Alaska's North Slope, to Point MacKenzie, which is near Anchorage. Jacobs is among the contractors on the project. For more information, see Industrial Info's project report.
In addition to the heavy drilling projects in Alaska, Jacobs is performing design-engineering services for two of the largest wind-energy projects in Wyoming: Invenergy LLC's (Chicago, Illinois) $475 million Ekola Flats Windfarm in Medicine Bow, and PacifiCorp's (Portland, Oregon) $325 million Uinta Wind Energy Project in Evanston. The projects are expected to generate 250 and 161 megawatts (MW), respectively, from 68 and 47 Vestas turbines. The projects are to be accompanied by $10 million and $8.5 million substations, respectively, which also have Jacobs as the design-engineer. For more information, see Industrial Info's project reports on the Ekola Flats Windfarm, its substation, and the Uinta Wind Energy Project and its substation.
Although the Petroleum Refining Industry does not account for more than 10% of the total investment value for projects featuring Jacobs, two major projects are under construction: ArcLight Capital Holdings LLC's (Boston, Massachusetts) $1.4 billion restart of the Limetree Bay Refinery in Christiansted, Virgin Islands, which is set to wrap up late this year and produce about 200,000 barrels per day (BBL/d) of low-sulfur fuels, diesel and gasoline, and Husky Energy Incorporated's (TSX:HSE) (Calgary, Alberta) $400 million upgrade to its refinery in Superior, Wisconsin, which involves rebuilding a 38,000-BBL/d crude and vacuum unit and 11,000-BBL/d fluid catalytic cracking unit (FCCU), as well as increasing capacity to 43,000 BBL/d. For more information, see Industrial Info's project reports on the Limetree Bay Refinery and Superior refinery.
Jacobs' backlog at the end of its fiscal second quarter was $20.7 billion, an 8% increase from the same period last year. Revenue of $3.1 billion was up 7.7%, while net earnings increased 17.1% to $56.9 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing Jacobs' active global projects by industry.One of the most widely anticipated projects involving Jacobs is about to open its doors: Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) $2.5 billion first phase of its Elba Island LNG Liquefaction Plant in Savannah, Georgia, will convert about 210 million standard cubic feet per day of natural gas into 2.5 million tons per year of LNG for export. The six-train complex is expected to begin production soon and to be fully completed toward the end of June. It will be accompanied by a $50 million natural gas pretreatment unit.
Jacobs took over as permitting consultant on Elba Island following its 2017 acquisition of CH2M Hill, which originally had been contracted. It will perform the same services for the $500 million second phase, which comprises four trains that will process 140 million standard cubic feet per day into 1.5 million tons per year of LNG. Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) has agreed to purchase all LNG produced at Elba Island. For more information, see Industrial Info's project reports on Phase I, its pretreatment unit and Phase II.
After years of delays, one of the highest-valued projects involving Jacobs began production in April: ConocoPhillips' (NYSE:COP) (Houston, Texas) estimated $1.5 billion Greater Moose's Tooth 2 oil-production facility in Nuiqsut, Alaska. ConocoPhillips expects to produce between 35,000 and 40,000 barrels per day from 48 wells that will use existing pipelines and facilities. The oil and gas leader has been upping its game in Alaska, producing an average of 210,000 barrels of oil per day in first-quarter 2019, compared with 174,000 barrels per day in the same period last year, according to executives. For more information, see Industrial Info's project report.
Another long-delayed project in the Last Frontier, Alaska Gasline Development Corporation's (AGDC) (Anchorage, Alaska) estimated $4 billion Prudhoe Bay-to-Cook Inlet pipeline, recently received much-needed good news: Earlier this year, the U.S. Army Corps of Engineers and the U.S. Bureau of Land Management (BLM) granted AGDC the last major permit it needed before making a final investment decision on the 733-mile line, which would transport up to 500 million cubic feet per day of natural gas from Prudhoe Bay, which is on Alaska's North Slope, to Point MacKenzie, which is near Anchorage. Jacobs is among the contractors on the project. For more information, see Industrial Info's project report.
In addition to the heavy drilling projects in Alaska, Jacobs is performing design-engineering services for two of the largest wind-energy projects in Wyoming: Invenergy LLC's (Chicago, Illinois) $475 million Ekola Flats Windfarm in Medicine Bow, and PacifiCorp's (Portland, Oregon) $325 million Uinta Wind Energy Project in Evanston. The projects are expected to generate 250 and 161 megawatts (MW), respectively, from 68 and 47 Vestas turbines. The projects are to be accompanied by $10 million and $8.5 million substations, respectively, which also have Jacobs as the design-engineer. For more information, see Industrial Info's project reports on the Ekola Flats Windfarm, its substation, and the Uinta Wind Energy Project and its substation.
Although the Petroleum Refining Industry does not account for more than 10% of the total investment value for projects featuring Jacobs, two major projects are under construction: ArcLight Capital Holdings LLC's (Boston, Massachusetts) $1.4 billion restart of the Limetree Bay Refinery in Christiansted, Virgin Islands, which is set to wrap up late this year and produce about 200,000 barrels per day (BBL/d) of low-sulfur fuels, diesel and gasoline, and Husky Energy Incorporated's (TSX:HSE) (Calgary, Alberta) $400 million upgrade to its refinery in Superior, Wisconsin, which involves rebuilding a 38,000-BBL/d crude and vacuum unit and 11,000-BBL/d fluid catalytic cracking unit (FCCU), as well as increasing capacity to 43,000 BBL/d. For more information, see Industrial Info's project reports on the Limetree Bay Refinery and Superior refinery.
Jacobs' backlog at the end of its fiscal second quarter was $20.7 billion, an 8% increase from the same period last year. Revenue of $3.1 billion was up 7.7%, while net earnings increased 17.1% to $56.9 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
