Premium Industrial NewsVogtle Nuclear Plant, EPIC Oil Pipeline Among Latest Big-Ticket Projects to Face COVID-19 Problems
Vogtle Nuclear Plant, EPIC Oil Pipeline Among Latest Big-Ticket Projects to Face COVID-19 Problems
Industry Segment: Power | Word Count: 839 Words
SUGAR LAND--April 15, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--When will things get better for the global energy markets? Not soon, and industry players might as well stop distracting themselves with the question. Even before the COVID-19 outbreak, an international price war sent oil-import prices to their lowest level in three years; with stay-at-home orders now obliterating energy demand, markets are likely to emerge from the chaos with new norms. Industrial Info is tracking more than $500 billion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including about $143 billion worth in the U.S.
Within this article: Details on some of the highest-valued projects across the U.S. to have been recently announced as delayed, including those from major companies such as Southern Company (NYSE:SO), Georgia Power, EPIC Midstream Holdings LP, NTE Energy, Duke Energy Corporation (NYSE:DUK), Hanwha Group, Facebook Incorporated (NASDAQ:FB) and Rio Tinto plc (NYSE:RIO).
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