Pipelines – Page 41 – Oil & Gas 360

TransCanada Moving Ahead with $655 Million Gas Pipeline

December 9, 2016

TransCanada’s Saddle West natural gas project will have a transportation capacity of 355 MMcf/d Calgary-based TransCanada Corp. (ticker: TRP) announced Wednesday that the company’s wholly-owned subsidiary, NOVA Gas Transmissions Ltd. will proceed with its $655 million Saddle West natural gas project. The project is expected to increase total natural gas transportation capacity on the northwest portion of the system by

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy Divests Interest in Midstream Assets

July 14, 2016

Devon Energy has reached a definitive agreement to divest the company’s 50% stake in Access Pipeline for $1.1 billion dollars to Wolf Midstream, a portfolio company of Canada Pension Plan Investment Board (CPPIB). The terms of the agreement also give consideration to sanctioning and development of a new thermal-oil project on Devon’s Pike lease in Alberta, Canada. “With the highly-accretive

Trudeau Reiterates his Opposition to Northern Gateway’s Route through Rainforest

July 5, 2016

From Reuters Canada MONTREAL (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday reiterated his opposition to the route of Enbridge Inc’s ENB.TO Northern Gateway oil pipeline, casting further doubt on the prospects of a project fiercely opposed by environmentalists. Canada’s former Conservative government had approved Northern Gateway, which would carry oil from the Alberta oil sands to a port

Energy Upside: Kinder Morgan’s Trans Mountain Pipeline Expansion Wins Energy Board Nod

May 20, 2016

Project Wins National Energy Board’s Approval Recommendation, Government’s Final Decision Set for December Canada’s National Energy Board (NEB) has concluded that Kinder Morgan’s (ticker: KMI) Trans Mountain Expansion Project is in the public interest and recommended the Federal Governor in Council approve the proposed expansion. The Trans Mountain Expansion, if it receives final approval, will add 980 kilometers of new

TransCanada Reports Solid First Quarter 2016 Financial Results

April 29, 2016

Transformational Changes Position Company for Near- and Long-Term Growth CALGARY, ALBERTA–(Marketwired – April 29, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for first quarter 2016 of $252 million or $0.36 per share compared to $387 million or $0.55 per share for the same period in 2015. Comparable earnings for first quarter 2016

TransCanada Announces Preferred Share Issuance

April 13, 2016

CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in

TransCanada Awarded Contract to Build US$550 Million Natural Gas Tula – Villa de Reyes Pipeline in Mexico

April 11, 2016

MEXICO CITY, MEXICO and CALGARY, ALBERTA–(Marketwired – April 11, 2016) TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tula – Villa de Reyes pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract for 886 million cubic feet a day with the Comisión

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Inter Pipeline Announces April 2016 Cash Dividend

April 11, 2016

Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.13 per share for April 2016. This dividend will be paid on or about May 16, 2016 to shareholders of record on April 22, 2016. This dividend is designated as an “eligible dividend” for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.4

Interstate NatGas Pipeline Applicants Must Include 19 Exhibits: FERC

March 22, 2016

New Rule Reinstates Pipeline Application Requirement Effective March 22, 2016, FERC has made a correction to the requirements for those applying for interstate natural gas pipeline approval. The change reinstates the exhibits required to be attached to each certificate application by interstate natural gas pipelines. The rule is available at the Federal Register online here. Summary information for the new FERC

NatGas Pipeline Delayed to Mid-‘17, Another Pipe Approved by 4 States to Transport Bakken Oil

March 11, 2016

Williams Company Delays Constitution Pipeline Williams Company (ticker: WMB) announced on March 10, 2016, that plans for the Constitution pipeline, that will carry natural gas to the New York and New England markets, have been delayed. The delay is in accordance with the Federal Energy Regulatory Commission and the U.S. Fish and Wildlife Service. The window set forth under environmental

LNG Update: U.S. Export Terminals and Infrastructure in the Works

March 4, 2016

The lifting of the ban on the export of liquefied natural gas (LNG) in the United States has led to a flurry of activity in the Gulf Coast region, and several other coastal areas, as companies plan export terminals for the growth of LNG shipments abroad. The first U.S. export set sail from Sabine Pass on February 24, 2016, and

Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

February 10, 2016

Shifting sanctions force Russia’s TMK into different markets; company plans U.S. layoffs TMK Group, a major supplier of oil and gas pipeline around the world, is looking eagerly toward increased business in Iran as sanctions against the country are removed following the implementation of the Iran Nuclear Deal. The company believes about 20% of global oil brought to the surface

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