Oil & Gas Pipeline Construction in Canada
The Oil and Gas Pipeline Construction industry in Canada has experienced significant volatility over the five years to 2019. According to the National Energy Board, oil sands production has risen significantly over the past decade, and expansion in oil and gas production in Canada has prompted investment into accompanying infrastructure, causing industry revenue to rise sharply previous to the report period. The domestic extraction industry has experienced difficulties due to a lack of pipeline infrastructure capable of getting domestic production efficiently to export markets. In turn, this has contributed to the depressed prices of domestic crude oil. The industry is projected to expand over the five years to 2024, buoyed by sustained oil sands production in particular. The Canadian Association of Petroleum Producers forecasts that oil sands production will increase during the period, helping drive total oil production.
This industry constructs gas and oil pipelines, mains, pumping stations, refineries, storage tanks and other related structures.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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