Oil Sands Progress Drives Western Canada’s $34 Billion in Fourth-Quarter Kickoffs, Completions


Business Section: Manufacturing | Phrase Rely: 735 Phrases

SUGAR LAND–October 13, 2017–Researched by Industrial Data Assets (Sugar Land, Texas)–Vitality-related initiatives are seeing a revival in Western Canada, the place a number of industry-leading firms are defying low commodity costs to construct or broaden capability in high-activity areas such because the Alberta oil sands. Industrial Data is monitoring greater than $10 billion of energetic initiatives in Western Canada which can be set to start development within the fourth quarter, and greater than $24 billion which can be set to wrap up. About 85% of those initiatives are in both the Metals & Minerals or Oil & Gasoline industries.

Inside this text: Particulars on a few of the highest-valued initiatives set to kick off or end development in Western Canada earlier than the top of the yr, together with these from main firms reminiscent of Brion Vitality Company, China Nationwide Petroleum Company (NYSE:PTR), MEG Vitality Company (TSX:MEG), Suncor Vitality Integrated (NYSE:SU) and Champion Petfoods LP.

Different firms featured: Royal Dutch Shell plc (NYSE:RDS.A), ConocoPhillips (NYSE:COP)

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