Sen. Heidi Heitkamp (D-ND), speaking about the Keystone XL pipeline’s failure to pass the Senate by one vote last night, says a lawsuit in Nebraska is likely to blame. “We could have probably picked up a couple more [votes] had that process been completed,” Sen. Heitkamp said about the lawsuit to CNBC. “We know this is going to pass next
White House Statements “Factually Incorrect” UPDATE: Senate bill fails to pass by one vote, 59-41 TransCanada Corp.’s (ticker: TRP) president and CEO Russ Girling today provided a comment in advance of the debate and vote on U.S. Senate bill 2280: “I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that
Bill will accelerate EPA approval, accountability The House of Representatives is set to vote this week on H.R. 4795, the Promoting New Manufacturing Act, authored by House Majority Whip Steve Scalise (R-LA). The legislation encourages building and industrial development in the U.S. by increasing transparency and reducing delays in the preconstruction permitting process, according to the Energy & Commerce Committee.
While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they include the Keystone XL pipeline? The House of Representatives approved the Keystone pipeline earlier today by a count of 252-161, with
During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said that the Fed’s ability to fulfill its mandates for full employment and price stability depends on understanding global markets and
Republican Sen. John Hoeven of North Dakota is holding back his legislation to fast-track the Energy Department’s reviews of LNG exports for now, reports E&E News. Hoeven said he made this decision after talking to Department of Energy (DOE) head Ernest Moniz in order to garner more support for the bill before it goes to the Senate. The bill would
It didn’t take much longer than a cup of coffee before the lawsuits began to fly after Illinois completed its new oil and gas rules last week, which would have opened the door to new energy development that some business leaders called a coming boom. Landowners and an environmental activist organization are suing the governor of Illinois and the head
ISIS Loses Oil Production In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make gasoline and diesel to power its military operations. More importantly, the damage to the field took away oil production it was using to
2+ TCF of gas to be supplied to China per year for 30 years With economic sanctions taking an ever greater toll on the Russian economy, it appears Russia is increasingly turning its focus towards strengthening its trade ties with China. China is already Russia’s largest trading partner, with bilateral trade flows at $90 billion in 2013, but both countries
Production volumes continue to rise for Sanchez Energy Corporation (ticker: SN), an Eagle Ford-focused E&P nearing the third anniversary of its 2011 initial public offering. The landmark acquisition of its Catarina asset in May 2014 doubled its asset base and provided a fourth regional focus area for the company. Q3’14 represents the first full quarter of the realized Catarina impact.
This week marked the latest step in returning energy relationships to normal between Russia and Ukraine. On Tuesday, Ukraine’s Naftogaz made its first debt payment of $1.45 billion to Russia’s state owned Gazprom (ticker: OGZD) for natural gas supplied to Ukraine during November and December 2013, Gazprom confirmed. This first payment is part of a winter gas package that was
After the Republican victories in the mid-term elections, many are now talking about the likely approval of the long awaited Keystone XL Pipeline. The pipeline, which would stretch 1,179 miles from Hardisty, Alberta to Steele City, Nebraska, has been in political limbo since 2009, awaiting approval from the Senate and President Obama. The president was concerned with the environmental impacts
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