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Researched by Industrial Info Resources (Sugar Land, Texas)--Just one hydropower station makes up more than a third of the $24.11 billion in Western Canadian regional project investments that are presently expected to kick off in first-quarter 2016. Industrial Info is tracking 105 projects that are expected to begin construction from January through March in the region. Oil & gas pipelines and production projects also weigh heavily in the kickoffs.
Click on the image at right for a graph detailing planned first-quarter 2016 project kickoffs in the Western Canadian region by industry.
The Western Canadian region includes the provinces of Alberta, British Columbia, Manitoba and Saskatchewan, and the Northwest, Nunavut and Yukon territories.
More than half of the total investment value--$13.42 billion--is tied to projects that are in the engineering phases, and $907 million belongs to projects that are in early construction. Projects that are attached to the remaining $9.78 billion are in planning phases, where plenty of factors still could increase, decrease or totally eliminate the expected spending. In comparison, kickoffs that were scheduled in fourth-quarter 2014 amounted to $10.5 billion. For related information, see September 28, 2015, article - Western Canada's $10.5 Billion in Fourth-Quarter Kickoffs Show Some Resilience in Region's Oil & Gas Industry.
Industrial Info is tracking seven power-related projects worth $9.28 billion. Some initial work has already begun on the $8.5 billion Site C Clean Energy Project on the Peace River near Fort Saint John, British Columbia, according to project developer BC Hydro and Power Authority (Vancouver, British Columbia). The 1,100-megawatt project will consist of a 196-foot-high earth-fill dam for a 23,000-acre reservoir, and a powerhouse with six 183.3-MW hydroelectric turbine generators. Approximately 1,500 people will be working on the project's main civil works at the peak of construction, according to BC Hydro. The project will be a third dam and hydroelectric generating station on the Peace River in northeast British Columbia. Klohn Crippen Berger Limited (Vancouver, British Columbia) and SNC-Lavalin Incorporated (Montreal, Quebec) are providing engineering-related services. Project completion is expected in fourth-quarter 2022. For related information, see April 8, 2015, article - British Columbia's Site C Hydroelectric Project to Generate 1,100 Megawatts. For more information on the construction project, see Industrial Info's project report.
The Oil & Gas Production Industry takes a close second place, with planned kickoffs for 21 projects valued at $8.66 billion. Many of the projects involve development of oil sands production, which has been hard hit by low crude oil prices. Nearly three-fourths of that investment amount comes from 12 projects that are still in the planning phases. One of those is the $2 billion Triton liquefied natural gas (LNG) plant in Kitimat, British Columbia. The joint venture project by AltaGas Limited (Calgary, Alberta) and Idemitsu Canada Corporation (Calgary, Alberta) will produce 2.3 million metric tonnes per year of LNG destined for export. Completion could occur as early as first-quarter 2018. For more information on the project, see Industrial Info's project report.
Oil & Gas pipelines come in at a distant third, with $2.56 billion for 23 projects. More than $2 billion of that amount is tied to projects that are currently in the planning phase, including the $800 million Phase III Pembina crude oil and condensate pipeline expansion in Alberta. The project by Pembina Pipeline (NYSE:PBA) (Calgary, Alberta) will include construction of two parallel pipelines to initially move up to 420,000 barrels per day some 270 kilometers from Fox Creek to Namao, near Edmonton. For more information on the project, see Industrial Info's project report.
The remaining seven highest-value projects set to kick off in Western Canada are:
Click on the image at right for a graph detailing planned first-quarter 2016 project kickoffs in the Western Canadian region by industry.The Western Canadian region includes the provinces of Alberta, British Columbia, Manitoba and Saskatchewan, and the Northwest, Nunavut and Yukon territories.
More than half of the total investment value--$13.42 billion--is tied to projects that are in the engineering phases, and $907 million belongs to projects that are in early construction. Projects that are attached to the remaining $9.78 billion are in planning phases, where plenty of factors still could increase, decrease or totally eliminate the expected spending. In comparison, kickoffs that were scheduled in fourth-quarter 2014 amounted to $10.5 billion. For related information, see September 28, 2015, article - Western Canada's $10.5 Billion in Fourth-Quarter Kickoffs Show Some Resilience in Region's Oil & Gas Industry.
Industrial Info is tracking seven power-related projects worth $9.28 billion. Some initial work has already begun on the $8.5 billion Site C Clean Energy Project on the Peace River near Fort Saint John, British Columbia, according to project developer BC Hydro and Power Authority (Vancouver, British Columbia). The 1,100-megawatt project will consist of a 196-foot-high earth-fill dam for a 23,000-acre reservoir, and a powerhouse with six 183.3-MW hydroelectric turbine generators. Approximately 1,500 people will be working on the project's main civil works at the peak of construction, according to BC Hydro. The project will be a third dam and hydroelectric generating station on the Peace River in northeast British Columbia. Klohn Crippen Berger Limited (Vancouver, British Columbia) and SNC-Lavalin Incorporated (Montreal, Quebec) are providing engineering-related services. Project completion is expected in fourth-quarter 2022. For related information, see April 8, 2015, article - British Columbia's Site C Hydroelectric Project to Generate 1,100 Megawatts. For more information on the construction project, see Industrial Info's project report.
The Oil & Gas Production Industry takes a close second place, with planned kickoffs for 21 projects valued at $8.66 billion. Many of the projects involve development of oil sands production, which has been hard hit by low crude oil prices. Nearly three-fourths of that investment amount comes from 12 projects that are still in the planning phases. One of those is the $2 billion Triton liquefied natural gas (LNG) plant in Kitimat, British Columbia. The joint venture project by AltaGas Limited (Calgary, Alberta) and Idemitsu Canada Corporation (Calgary, Alberta) will produce 2.3 million metric tonnes per year of LNG destined for export. Completion could occur as early as first-quarter 2018. For more information on the project, see Industrial Info's project report.
Oil & Gas pipelines come in at a distant third, with $2.56 billion for 23 projects. More than $2 billion of that amount is tied to projects that are currently in the planning phase, including the $800 million Phase III Pembina crude oil and condensate pipeline expansion in Alberta. The project by Pembina Pipeline (NYSE:PBA) (Calgary, Alberta) will include construction of two parallel pipelines to initially move up to 420,000 barrels per day some 270 kilometers from Fox Creek to Namao, near Edmonton. For more information on the project, see Industrial Info's project report.
The remaining seven highest-value projects set to kick off in Western Canada are:
- $1.8 billion: City of Edmonton's Edmonton Valley Line Mill Woods-To-Lewis Farms Passenger Rail Addition
For more information on the project, see Industrial Info's project report. - $1.39 billion: Value Creation Group's Phase I Tristar Bitumen Crude Oil Production Plant in Fort McMurray, Alberta
For more information on the project, see Industrial Info's project report. - $850 million: Sunshine Oilsands Limited's Thickwood Phase A II Bitumen Production & Processing Plant Expansion near Fort McMurray, Alberta
For more information on the project, see Industrial Info's project report. - $818 million: Alloycorp Mining Incorporated's Kitsault Molybdenum Mine Restart/Expansion, Terrace, British Columbia
For more information on the restart project, see Industrial Info's project report. - $800 million: Cenovus Energy Incorporated's Narrows Lake Bitumen Production Plant Phase II Expansion near Fort McMurray, Alberta
For more information on the expansion project, see Industrial Info's project report. - $800 million: AltaGas's Triton LPG Unit Addition, in Kitimat, British Columbia
For more information on the project, see Industrial Info's project report. - $800 million: Cenovus Energy Incorporated's Christina Lake Oil Sands Plant Addition near Fort McMurray, Alberta
For more information on the project, see Industrial Info's project report.
