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National

High oil prices spark engineering competition in Alaska

Wesley Loy - Anchorage Daily News

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August 29, 2008 07:25 AM

Competition is heating up among major engineering and construction companies chasing a piece of oil, mining and government projects in Alaska.

One indicator is the return of Fluor Corp., a global engineering heavyweight. The Irving, Texas, company, which once had a major presence here helping build the trans-Alaska oil pipeline, already has 20 people working in Anchorage and aims to have up to 70 by next summer.

Major Fluor competitors also have been making moves locally.

On Monday, URS Corp. of San Francisco announced it had taken over most of the assets of Tryck Nyman Hayes Inc., a 60-person Anchorage engineering firm with experience on highway, bridge, port and rail projects.

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And last year, CH2M Hill of Englewood, Colo., greatly expanded its Alaska presence with the takeover of Veco Corp., the Anchorage oil-field services company whose former executives are at the heart of the federal government's prosecution of Alaska politicians on bribery and other corruption charges.

Read the full story at adn.com.

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