Articles Tagged with ''Canada energy construction''

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.

But critics say problem is worse in Canada energy production hub than regulator outlines.

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. 

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.

In three-year delay, companies cite “changing market conditions and subsequent high cost inflation” for drilling project after FEED contract award in April to engineers KBR and Hatch.

KBR confirmed energy firm Equinor letter of intent for design of giant floating structure, along with Canada-based Hatch, with final investment decision possible in late 2024.

Firms, GE Hitachi and Ontario Power will build the 300-MW plant under a single collaborative agreement to avoid potential delays and cost overruns, said Ken Hartwick, utility president and CEO.