Reuters Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project. The pipeline was planned to carry 830,000 barrels per day of heavy crude from Canada’s Alberta province to Nebraska in the United States. The company said
Fox Business Just two months into the Biden presidency and we are witnessing a remarkable juxtaposition on the issue of energy security that could have profound and serious implications both at home and abroad. It was almost two years ago, on March 29, 2019, that then-President Trump signed an executive order granting final permission for the construction of the Keystone XL pipeline. A
Reuters WINNIPEG, Manitoba/WASHINGTON – TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Calgary-based TC Energy confirmed the authenticity of the email, sent by KXL President Richard Prior on
From Reuters A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline. The ruling lifts one of the last outstanding legal challenges facing the controversial project, which would ship 830,000 barrels per
TransCanada Reports Record First Quarter Financial Results
Canadian energy regulator the National Energy Board (NEB) has approved TransCanada’s Keystone Pipeline GP Ltd.’s request to begin winter clearing work on the North Spread of its Keystone XL Project. “Further pipeline construction would be subject to NEB approval of other condition compliance submissions,” according to a press release by the NEB which makes it clear this is a work
From The Wall Street Journal A federal judge in Montana on Thursday blocked the Trump administration’s permit allowing the Keystone XL pipeline and barred any construction of the long-delayed project until completion of a supplemental environmental review. Siding with environmentalists and indigenous rights groups, U.S. District Judge Brian M. Morris ruled that President Trump’s 2017 cross-border permit of the pipeline
From Reuters Pipeline operator TransCanada Corp is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL and expects it to be fully subscribed, its chief executive said on Thursday. TransCanada has not yet made a final investment decision on its $8-billion Keystone XL (KXL) expansion, which would boost export capacity from the oil-rich province
From The Canadian Press CALGARY – A regulator’s lifting of pressure restrictions on the Keystone oil pipeline in the United States earlier this week is expected to help reduce discounts being paid for Western Canadian heavy crude. Matthew John, spokesman for Calgary-based pipeline owner TransCanada Corp., says the order was limited to a small part of the pipeline following a
From Post Media/Fort McMurray Today Premier Rachel Notley — once notably cool to Keystone XL — has stepped in to provide key support for the controversial pipeline. TransCanada Corp. announced Thursday it had won a commitment of 500,000 barrels of oil a day to be shipped on Keystone XL, positioning the proposed US$8-billion project to move ahead, though a final
Open season for Keystone’s additional capacity from Canadian oil producers to U.S. refineries secures 500,000 BOPD 20-year commitments The Keystone XL open season has concluded with 500,000 BOPD 20-year commitments secured. This allows the proposed project to proceed. TransCanada Corporation (ticker: TRP) said that interest in the pipeline remains strong and the company will continue to secure long-term volume contracts.
Advancing $24 billion in commercially secured near-term growth projects $20 billion in projects in development including Keystone XL, the Bruce Power life extension program, and Coastal GasLink Expectations to grow common share dividend at an average annual rate at the upper end of an eight to ten percent range through 2020 Quarterly dividend of $0.625 per common share for the
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