Oil Storage, Gas-Fired Power Projects Top Latest COVID-19 Delays Across U.S.

SUGAR LAND--May 14, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--In a month's time, the total investment value attached to global industrial projects to be delayed or otherwise affected by COVID-19 precautions has doubled to nearly $1 trillion, according to Industrial Info's project database. But there is little clarity on where markets--particularly energy--will go from here, as commodity prices remain near record lows and authorities struggle with what businesses can reopen. Industrial Info is tracking more than $950 billion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including nearly $180 billion worth in the U.S.

Within this article: Details on some of the highest-valued projects to be delayed or revived in the past week, including those from industry leaders such as Competitive Power Ventures Incorporated, General Electric (NYSE:GE), NextEra Energy Incorporated (NYSE:NEE), Crestwood Equity Partners LP (NYSE:CEQP), Cleveland-Cliffs Incorporated (NYSE:CLF) and Integra Resources Corporation.