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Pipeline Construction Slows, Business and Industry Trends Analysis

The recent low prices for crude oil and natural gas have changed pipeline construction worldwide. In North America, many proposed pipelines have been dropped completely, delayed due to economic reasons or deferred due to regulatory issues. A major Canada-based company, TransCanada, had proposed a new $13 billion, 48-inch diameter, 1,700-mile crude oil pipeline in 2008 that would run from Hardisty, Alberta south through six U.S. states, ending in Houston and Port Arthur, Texas on the Gulf of Mexico.  The northern end of the American side of the project was rejected by the Obama Administration in November 2015, while the southern end,…

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