Keystone Pipeline – Oil & Gas 360

CERAWEEK-Keystone pipeline oil flows won’t change after US order to cut pressure, CEO says

March 10, 2023

Nasdaq HOUSTON – Oil flows on TC Energy’s TRP.TO Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive François Poirier told Reuters on Thursday. Keystone has already been operating within the requirements of the new order from the Pipeline and

TC Energy has submitted restart plan for Keystone pipeline to U.S. regulator- source

December 20, 2022

BOE Report TC Energy Corp has submitted a restart plan for its Keystone pipeline to U.S. safety regulator Pipeline and Hazardous Materials Safety Administration (PHMSA) which is being reviewed, according to a source on Tuesday. The 622,000 barrels per day (bpd) pipeline was shut after it spilled 14,000 barrels of oil in rural Kansas, including into a creek. Bitumen tends to

Keystone Pipeline oil leak has now been contained

December 12, 2022

Oil Price Canadian pipeline operator TC Energy said it had contained the leak from the Keystone pipeline that occurred in the middle of last week, spilling 14,000 barrels of crude into a creek. The leakage was contained in Kansas, NBC News reported, citing the company, which had to shut down the pipeline while it worked on fixing the leaky section.

Keystone oil pipeline shut down after leak in Nebraska

December 8, 2022

Oil Price TC Energy, the operator of the Keystone Pipeline, said on Thursday that it had shut down the oil pipeline and is responding to a release of oil into a creek near Steele City, Nebraska. “We have shut down the Keystone Pipeline System and mobilized people and equipment in response to a confirmed release of oil into a creek, approximately

KeystoneXL Pipeline could’ve weakened OPEC’s bargaining position

November 3, 2022

Oil Price The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) and is now begging Saudi Arabia and OPEC not to cut oil production. This is a result of the unintended — but predictable — consequences of U.S. energy policy that is often hostile to our domestic energy companies. Our energy policy is often undermined by well-meaning but

Several U.S. states sue Biden administration for revoking permit for Keystone XL pipeline

March 18, 2021

Reuters Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said in a statement late on Wednesday. The lawsuit states that Biden does not have the unilateral authority to change energy policy that the U.S. Congress has

TC Energy Cancels Binding Open Season for the Keystone Pipeline System

February 12, 2021

CALGARY, Alberta, Feb. 12, 2021 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corpo…

Biden to revoke KXL pipeline permit in blow to Canada’s oil sector

January 20, 2021

Reuters CALGARY, Alberta – U.S. President-elect Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging a project that the struggling Canadian crude sector has long supported. Biden will sign 15 executive orders and memorandums to address the “crises” of the pandemic,

TC Energy to buy rest of TC PipeLines in $1.48 billion deal

October 5, 2020

Reuters TC PipeLines LP TCP.N said on Monday top shareholder TC Energy Corp TRP.TO offered to buy the rest of the natural gas pipelines operator in a deal that valued the company at about $1.48 billion. Keystone pipeline operator TC Energy owns a 23.96% stake in TC PipeLines, according to Refinitiv data. TC PipeLines common shareholders will receive 0.650 common shares of TC Energy,

U.S. judge cancels Keystone pipeline permit

April 16, 2020

Oil and Gas 360 April 16 (UPI) — A U.S. federal judge has canceled a key permit for the construction of the controversial Keystone pipeline, stating it was issued without proper assessment of the project’s environmental impact. U.S. Chief District Judge Brian Morris ruled Wednesday that the U.S. Army Corps of Engineers failed to properly analyze the project’s effects on

TC Energy to start work on Keystone XL pipeline after Alberta commits $1.1 billion

March 31, 2020

Reuters TC Energy Corp said on Tuesday it would proceed with the construction of the long-delayed $8 billion Keystone XL pipeline project after securing a $1.1 billion equity investment from the Alberta government, extending a lifeline to Canada’s oil sands industry. Alberta, home of the world’s third-largest oil reserves, has struggled for years as congested pipelines weakened prices and forced

Prospects advance for Canada’s oil pipelines, but hurdles remain

January 31, 2020

Reuters WINNIPEG, Manitoba – Prospects for expanding pipelines to move Canadian oil to markets have brightened, but plenty of hurdles remain for the Canadian sector, which has struggled for years with low prices and a glut in storage due to long project delays. Two of three major proposals – TC Energy Corp’s Keystone XL and the Canadian government-owned Trans Mountain

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