Multibillion-Dollar Canadian Heavy Oil Upgrader Project Cancelled, an Industrial Info News Alert

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) 
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