Production
Stantec's 10 Top-Valued Projects Span Canada's LNG, Pipeline, Potash Industries
Stantec reported a solid $2.1 billion project backlog at the end of the previous quarter, buoyed by its acquisition in March of the U.S. company Bury Incorporated. Industrial Info tracks $73.16 billion in related projects.
Released Monday, July 18, 2016
Reports related to this article:
Researched by Industrial Info Resources (Sugar Land, Texas)--Stantec Incorporated (NYSE:STN) (Edmonton, Alberta), an international design and consulting firm, reported a solid $2.1 billion project backlog at the end of the previous quarter, buoyed by its acquisition in March of the U.S. company Bury Incorporated (Houston, Texas). Industrial Info's project database is tracking 196 active projects, worth $73.16 billion, that involve Stantec in some capacity. More than 70% of the total investment value can be attributed to the 10 highest-valued projects, and about 95% of the total can be found in four industries: Oil & Gas Production, Oil & Gas Pipelines, Metals & Minerals and Power.
The two largest projects to involve Stantec are part of Royal Dutch Shell plc's (NYSE:RDS.A) (The Hague, Netherlands) LNG Canada Liquefaction Plant in Kitimat, British Columbia: the $25 billion construction of trains 1 and 2 and the $15 billion construction of trains 3 and 4. But the LNG Canada project, which had been cited as a major step forward for British Columbia's energy market, has had its final investment decision consistently delayed; last week, the companies involved in the consortium announced they were delaying the decision indefinitely.
Stantec is serving as an environmental permitting consultant on the project. For more information, including engineering and environmental requirements, and contact information for contractors, see Industrial Info's project reports on trains 1 and 2, and trains 3 and 4, and June 23, 2016, article - AMEC Foster Wheeler's 10 Top-Valued Projects Show Scope, Struggles of Global Oil & Gas, Mining Markets.
The highest-valued project in the Oil & Gas Pipelines Industry to involve Stantec is TransCanada Corporation's (NYSE:TRP) (Calgary, Alberta) $1.65 billion natural gas pipeline loop in Ontario. The project, which is still in the permitting phase, is a segment of the Eastern Mainline Pipeline Loop Project and will draw gas from the Canadian Mainline. Stantec is performing front-end engineering design (FEED) services. For more information, see Industrial Info's project report.
In Saskatchewan, Stantec is performing engineering and construction services at BHP Billiton Limited's (NYSE:BHP) (Melbourne, Australia) $2.6 billion first-phase potash mine and mill in Jansen. The project, which is under construction, is part of a much larger agenda that recently was pared: According to Bloomberg, BHP's Canadian unit plans cut $130 million from the planned $330 million capital expenditure to develop and study the feasibility of the Jansen project in the current financial year. Potash prices have been persistently declining for several years. For more information, including schedules, required equipment, environmental components and contractor details, see Industrial Info's project report.
Stantec is serving as a consultant for one of Canada's most closely watched transmission projects: Nalcor Energy's (St. John's, Newfoundland and Labrador) $2.1 billion high-voltage, direct-current transmission line, connecting Newfoundland and Labrador. Earlier this month, the project reached a milestone with the installation of marine cables in the Strait of Belle Isle, which runs between the province's mainland (Labrador) and island (Newfoundland) areas. For more information, see Industrial Info's project report.
The five other highest-valued projects to involve Stantec are:
- $1.8 billion: Glencore plc's Sukunka Coal Mine & Prep Plant in Chetwynd, British Columbia
For more information, see Industrial Info's project report. - $1.05 billion: Athabasca Oil Corporation's MacKay River SAGD Bitumen Production Field and Processing Plant in Fort McMurray, Alberta
For more information, see Industrial Info's project report. - $1 billion: Segment of TransCanada Corporation's Energy East Pipeline in Alberta
For more information, see Industrial Info's project report. - $1 billion: Segment of TransCanada Corporation's Natural Gas-to-Crude Oil Pipeline Conversion in Saskatchewan
For more information, see Industrial Info's project report. - $1 billion: Segment of TransCanada Corporation's Natural Gas-to-Crude Oil Pipeline Conversion in Ontario
For more information, see Industrial Info's project report.
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