Canada’s energy industry has been hit hard by the global financial crisis and fall in commodity prices. While I was in Calgary last week, the Calgary Herald ran a list of Canadian energy projects that have been delayed or downsized in the past few months. The list is long and troubling:

Suncor Energy halted construction of its C$20.6-billion Voyageur project, an expansion that included an upgrader and new stages at its Firebag SAGD effort.

Enbridge put a plan for a C$346-million pipeline reversal from Ontario to Maine on hold. The line would have carried 170,000 barrels of oilsands crude per day.

Connacher Oil and Gas cut bitumen production at its Great Divide oilsands project by 4,000 barrels per day, and stopped construction of its C$345-million Alger project.

Statoil Hydro decided not to build a C$16-billion upgrader for its oilsands production.

Royal Dutch Shell withdrew its request for government approval for its Carmon Creek oilsands project. The company also deferred a decision on an expansion of its Athabasca oilsands project.

Nexen and Opti Canada delayed a second phase of their Long Lake oilsands project.

--Peggy Williams, Senior Exploration Editor, Oil and Gas Investor Contact me at