SUGAR LAND, TX — (Marketwired) — 04/03/13 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — A multibillion-dollar Canadian 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: (NYSE:TOT), (NYSE:SU), (NYSE:ITG)
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