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.

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