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Western Canada's Oil & Gas Industry Cheers Federal $1.6 Billion Lifeline as Prices Falter


Industry Segment: Production | Word Count: 907 Words
Attachment: Western Canada 1Q19

SUGAR LAND--December 19, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Western Canada is home to large reserves of natural gas and natural gas liquids, key feedstocks to drive growth in the energy and petrochemical markets. But record-low prices have battered the region in recent months, spurring the Canadian government to offer a $1.6 billion support package for oil and gas companies, according to The Canadian Press. Industrial Info is tracking more than $15.6 billion in active projects that are set to begin construction in first-quarter 2019, more than $12 billion of which is attributed to the Oil & Gas Industry.

Within this article: Details on some of the highest-valued projects in Western Canada that Industrial Info believes are among the most likely to begin construction in first-quarter 2019, including those from major companies such as Imperial Oil Limited (TSX:IMO), MEG Energy Corporation (TSX:MEG), Kineticor Resource Corporation, TransCanada Corporation (NYSE:TRP) and ARC Resources Limited.

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