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HPI Market Data Book 2026: Global construction – Americas
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
Canadian producers positioned to ride out the downcycle
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
Canada's oil growth optimism
Companies are bullish despite combined effect of market volatility, tariff threats, regulatory issues and midstream constraints
Canada’s Asian pivot faces hurdles
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
Gas should fare better than oil under Canada’s new regime
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
Indigenous opposition may slow Canadian fast-track
Federal and provincial governments have passed legislation to speed the development of hand-picked projects, but failure to win Indigenous support may stymie their plans
Canada enters the global LNG race
Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico
Energy NL upbeat on Newfoundland despite industry doubts
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
Wind turbines near Pincher Creek, Calgary
Opinion
Canada Energy transition
Vincent Lauerman
Calgary
12 May 2021
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Letter from Canada: Alberta concedes to energy transition

The region’s hydrocarbons sector grudgingly accepts the inevitable rise of low-carbon energy, and the government is taking steps not to be left out

The Alberta government and the province’s all-important oil and gas industry have been slow to accept the way the world is changing. Despite the US shale gas revolution bringing an end to sky-high gas prices at the end of the 2000s and the US light-tight oil revolution doing much the same for oil prices by the middle of last decade, the province has widely snubbed decarbonisation efforts. The provincial government and the oil sands industry have refused to accept the threat posed by the global climate movement, with some irrationally attacking the science supporting it and anyone who accepts it—including the Canadian government under the leadership of Prime Minister Justin Trudeau. 40p

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HPI Market Data Book 2026: Global construction – Americas
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
HPI Market Data Book 2026: Global construction – Asia-Pacific
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way

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