NavigatIIR: More than $13 Billion in U.S. Capital Pipeline Projects Set for Completion in 2021

SUGAR LAND--November 25, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--This year has not been positive for spending by companies in the Oil & Gas Industry. In the Pipelines Industry, some projects, such as Phillips 66's (NYSE:PSX) Red Oak crude oil pipeline from Cushing, Oklahoma, and the Permian Basin to the Texas Gulf Coast (see project reports), have been deferred. Others have been outright cancelled. Some companies already were lowering their capital spending plans, as the need for takeaway capacity in certain areas was on its way to being met. Within this article: Status of capital pipelines set for completion in 2021.