Western Canada Endures Oil Price Drop with $8.6 Billion in Second-Quarter 2015 Project Kickoffs, Led by Mining

SUGAR LAND--March 26, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The collapse of oil prices has hammered Western Canada's oil sands industry, which traditionally has dominated project spending in the region. Nonetheless, other industries are picking up the spending slack, with more than $8.6 billion in projects set to begin construction in Western Canada in the second quarter of 2015, according to Industrial Info's Project Database. Just less than 75% of the total can be attributed to four industries: Metals & Minerals, Power, Petroleum Refining and Terminals.

Within this article: Details on key projects set to kick off in Western Canada in the second quarter, including those from major companies such as Pretium Resources Incorporated (TSX:PVG), AMEC Foster Wheeler (NYSE:AMFW), NaturEner Energy Canada Incorporated, North West Redwater Partnership, Canadian Natural Resources Limited (TSX:CNQ), Fluor Corporation (NYSE:FLR) and Kinder Morgan Incorporated (NYSE:KMI).