SOURCE: Industrial Info Resources

Industrial Info Resources

December 08, 2014 06:15 ET

Canadian Oil Sands Limited Reduces Capital Spending Plans for 2015 as Syncrude Projects Wind Down, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 8, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canadian Oil Sands Limited (TSX:COS) (Calgary, Alberta) recently lowered its capital expenditures (capex) outlook for 2015, as it announced that major capital projects, particularly for oilsands miner Syncrude Canada, are coming to a close. The $564 million in expected capex for 2015 is about 40% lower than the 2014 budget. Industrial Info is tracking more than $13 billion in active projects related to Canadian Oil Sands.

Within this article: Details on the company's outlook and major projects, including the Mildred Lake oil sands mine, near Fort McMurray, Alberta, and the Aurora South oil sands mine in Fort McKay, Alberta.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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