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Researched by Industrial Info Resources (Sugar Land, Texas)--Energy-related projects are seeing a revival in Western Canada, where several industry-leading companies are defying low commodity prices to build or expand capacity in high-activity areas such as the Alberta oil sands. Industrial Info is tracking more than $10 billion of active projects in Western Canada that are set to begin construction in the fourth quarter, and more than $24 billion that are set to wrap up. About 85% of these projects are in either the Metals & Minerals or Oil & Gas industries.
The Western Canadian region includes the provinces of Alberta, British Columbia, Manitoba and Saskatchewan, and the Northwest, Nunavut and Yukon territories.
Alberta is home to one of the biggest projects set to begin construction in North America: Brion Energy Corporation's (Calgary, Alberta) $1.05 billion, second-phase expansion at MacKay River bitumen-production facility near Fort McMurray, Alberta. The project, which is the first of four phases, is expected to process 40,000 BBL/d of bitumen, using steam-assisted gravity drainage (SAGD) technology. The full, four-phase project is expected to produce 150,000 BBL/d. For more information, see Industrial Info's project report.
Brion, which is owned by China National Petroleum Corporation (NYSE:PTR) (PetroChina) (Beijing, China), has committed to ship oil from the expanded facility on Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) expanded Trans Mountain pipeline, which recently began construction. For more information, see September 11, 2017, article - Kinder Morgan Picks Contractors for Trans Mountain Pipeline Project. For details on segments of the expansion that are set to begin construction before the end of the year, see October 2, 2017, article - Tetra Tech on Track for Nearly $5.3 Billion in Fourth-Quarter Project Starts, Completions.
Many big players in the Oil & Gas Industry, such as Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) and ConocoPhillips (NYSE:COP) (Houston, Texas), have been divesting from Alberta's oil sands as commodity prices remain weak. But MEG Energy Corporation (TSX:MEG) (Calgary, Alberta) plans to add 20,000 barrels per day (BBL/d) of bitumen production through a $320 million debottlenecking at its Christina Lake complex in Fort McMurray, Alberta. MEG will drill new wells and add production-enhancing technology to its steam-driven facility, bringing its total output to roughly 100,000 BBL/d by late 2019. For more information, see Industrial Info's project report.
Although energy-related projects dominate Western Canada's kickoffs in the fourth quarter, the Food & Beverage Industry manages a strong showing, with Champion Petfoods LP (Edmonton, Alberta) at work on a $206 million pet food production plant in Acheson, Alberta. The facility will feature two production lines and a distribution center to manufacture and distribute cat and dog food products. For more information, see Industrial Info's project report.
Oil Sands Dominate Projected Completions
Nearly half of the total investment value related to projects set to wrap up in Western Canada before the end of the year is attached to Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) Fort Hills Oil Sands Mine in Fort McMurray. The massive project, which will produce about 180,000 BBL/d at full capacity, will include $4 billion in core infrastructure construction, including non-process buildings and a wastewater-treatment facility, to support the bitumen operations; a $2.5 billion open-pit mine and ore-preparation plant, which will extract 110 million tons per year; a $2.5 billion extraction plant, in which two trains will process the extract; and $1.75 billion in additional facilities, including tank farms, a utilities corridor and off-site buildings.
Canadian oil-sands producers are enjoying the strongest market for heavy crude since 2008, according to Bloomberg Markets. But with all the new capacity coming online in the near future, such as the Fort Hills project, the industry could face another glut. For more information, see Industrial Info's project reports on the core infrastructure, mine and ore-preparation plant, extraction plant and additional facilities.
Non-fossil fuel projects also are springing up. B.C. Hydro & Power Authority (Burnaby, British Columbia) is wrapping up a $748 million modernization of the Ruskin Hydropower Dam and Station in Mission, British Columbia. The facility will undergo upgrades to increase safety standards, particularly in regards to potential seismic activity, and add 105 MW of generation.
The project is partly in response to regional demand. BC Hydro reported record peak power usage for the summer months in early August, as temperatures hit historic highs, according to Kamloops This Week. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The Western Canadian region includes the provinces of Alberta, British Columbia, Manitoba and Saskatchewan, and the Northwest, Nunavut and Yukon territories.
Alberta is home to one of the biggest projects set to begin construction in North America: Brion Energy Corporation's (Calgary, Alberta) $1.05 billion, second-phase expansion at MacKay River bitumen-production facility near Fort McMurray, Alberta. The project, which is the first of four phases, is expected to process 40,000 BBL/d of bitumen, using steam-assisted gravity drainage (SAGD) technology. The full, four-phase project is expected to produce 150,000 BBL/d. For more information, see Industrial Info's project report.
Brion, which is owned by China National Petroleum Corporation (NYSE:PTR) (PetroChina) (Beijing, China), has committed to ship oil from the expanded facility on Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) expanded Trans Mountain pipeline, which recently began construction. For more information, see September 11, 2017, article - Kinder Morgan Picks Contractors for Trans Mountain Pipeline Project. For details on segments of the expansion that are set to begin construction before the end of the year, see October 2, 2017, article - Tetra Tech on Track for Nearly $5.3 Billion in Fourth-Quarter Project Starts, Completions.
Many big players in the Oil & Gas Industry, such as Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) and ConocoPhillips (NYSE:COP) (Houston, Texas), have been divesting from Alberta's oil sands as commodity prices remain weak. But MEG Energy Corporation (TSX:MEG) (Calgary, Alberta) plans to add 20,000 barrels per day (BBL/d) of bitumen production through a $320 million debottlenecking at its Christina Lake complex in Fort McMurray, Alberta. MEG will drill new wells and add production-enhancing technology to its steam-driven facility, bringing its total output to roughly 100,000 BBL/d by late 2019. For more information, see Industrial Info's project report.
Although energy-related projects dominate Western Canada's kickoffs in the fourth quarter, the Food & Beverage Industry manages a strong showing, with Champion Petfoods LP (Edmonton, Alberta) at work on a $206 million pet food production plant in Acheson, Alberta. The facility will feature two production lines and a distribution center to manufacture and distribute cat and dog food products. For more information, see Industrial Info's project report.
Oil Sands Dominate Projected Completions
Nearly half of the total investment value related to projects set to wrap up in Western Canada before the end of the year is attached to Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) Fort Hills Oil Sands Mine in Fort McMurray. The massive project, which will produce about 180,000 BBL/d at full capacity, will include $4 billion in core infrastructure construction, including non-process buildings and a wastewater-treatment facility, to support the bitumen operations; a $2.5 billion open-pit mine and ore-preparation plant, which will extract 110 million tons per year; a $2.5 billion extraction plant, in which two trains will process the extract; and $1.75 billion in additional facilities, including tank farms, a utilities corridor and off-site buildings.
Canadian oil-sands producers are enjoying the strongest market for heavy crude since 2008, according to Bloomberg Markets. But with all the new capacity coming online in the near future, such as the Fort Hills project, the industry could face another glut. For more information, see Industrial Info's project reports on the core infrastructure, mine and ore-preparation plant, extraction plant and additional facilities.
Non-fossil fuel projects also are springing up. B.C. Hydro & Power Authority (Burnaby, British Columbia) is wrapping up a $748 million modernization of the Ruskin Hydropower Dam and Station in Mission, British Columbia. The facility will undergo upgrades to increase safety standards, particularly in regards to potential seismic activity, and add 105 MW of generation.
The project is partly in response to regional demand. BC Hydro reported record peak power usage for the summer months in early August, as temperatures hit historic highs, according to Kamloops This Week. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
