Uncertain economic returns and duration of federal tax credits could delay or cancel project proposed by six oil firm majors, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
New drilling problems revealed Jan. 29 on Trans Mountain pipeline expansion in Alberta and British Columbia could cause added startup delay, two weeks after it finally won critical variance.
Regulators grill developer Jan. 12 to approve route and material changes sought in area of unexpected hard rock on much-delayed federally-owned Canada megaproject.
TC Energy and contractor Pacific Atlantic Pipeline Construction dispute costs on challenging $10.6B Canada natural gas pipeline as it nears completion.
Traditional contractor-owner relationships “are being
rocked” by decision in long-running case related to death of pedestrian struck by road grader on municipal project, says industry group.
Fluor said it will gain $3B in design and construction work on the ethylene and derivatives complex planned in Alberta, with major building to start next year.
RFQ will be out in January for contractor to build estimated $800M project in British Columbia, with construction to start in mid-year and finish by 2028.
Quebec $2.9B project would produce 70,000 tons annually by 2028, while the B.C. project, valued up to $7B, would be one of the largest Indigenous energy projects in Canada.
As multi-billion-dollar Coastal GasLink and Trans-Mountain oil line expansion near completion, Canada weighs if the needed energy infrastructure boost will offset high costs and delays.
