Sunday, November 24, 2024
Keystone XL pipeline map, Rail

After 8 1/2 Years, the Keystone XL Finally Gets the Green Light

Mar. 24, 2017:  TransCanada receives Presidential Permit to move forward with Keystone XL pipeline construction After enduring more than eight years of permitting hell, topped at the seven-year mark with a flat rejection by President Obama’s State Department, today TransCanada (ticker: TRP) finally has a U.S. Presidential permit in hand for the Keystone XL pipeline. The Presidential permit officially greenlights the

Canadian Rig Count Drops by One Third

Canadian drilling activity dropped sharply this week, according to Baker Hughes’ (ticker: BHI) weekly rig count for March 24, 2017. Canada lost 91 rigs to end the week at 185, down from 276 active rigs last week. This is the largest single-week drop seen in Canada since 2014, when 135 rigs came offline at the end of December. This drop