SOURCE: Industrial Info Resources

Industrial Info Resources

June 01, 2011 06:15 ET

Project Spending Rising for North American Oil & Gas Production, Petroleum Terminals, a "Navigating the Currents of Change" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - Jun 1, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Sustained high crude oil prices and a shortage of crude oil storage capacity are driving increased project spending for North America's Oil & Gas Production and Petroleum Terminals industries, Jesus Davis, an IIR oil expert, said in an exclusive "Navigating the Currents of Change" interview. "We're seeing a very healthy increase in project spending this year for North American Oil & Gas Production," said Davis, IIR's vice president of research for the Terminals, Transmission and Production industries. "A lot of this is being driven by increased project activity in Canadian oil sands. High crude prices make more of these projects economically viable."

Industrial Info is tracking 225 North American Oil & Gas Production projects with a total investment value of $23 billion that are scheduled to kick off in 2011.

High crude oil prices and an active slate of capital and maintenance projects for liquids storage makes it particularly important for readers to visit IIR at two upcoming industry trade shows: the International Liquid Terminals Association (ILTA) show, June 6-8 in Houston, Texas, and the Gas & Oil Expo, June 7-9, in Calgary, Alberta. IIR will be exhibiting at Booth 200 at the ILTA event and Booth 1837C at the Gas & Oil show.

Click here to hear this and other "Navigating the Currents of Change" webcasts, covering industrial trends and projects throughout the world.

Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR'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. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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