Multibillion-Dollar Canadian Heavy Oil Upgrader Project Cancelled, an Industrial Info News Alert SUGAR LAND, TX -- (Marketwired) -- 04/03/13 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A multibillion-dollar Canadian heavy oil upgrader project was cancelled last week, a victim of high costs, limited outbound pipeline capacity, and booming crude oil production from U.S. shale formations. That scuttled project, Voyageur, joins about a dozen other Canadian heavy oil upgrader projects that have been cancelled in recent years, according to Industrial Info's project database. The total investment value of those terminated projects is about $8 billion. Other companies featured: Total S.A. (NYSE:TOT), Suncor Energy Incorporated (NYSE:SU), Investment Technology Group (NYSE:ITG) For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=234481&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, 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(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page. Contact: Joe Govreau 713-783-5147
Multibillion-Dollar Canadian Heavy Oil Upgrader Project Cancelled, an Industrial Info News Alert
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