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Tag Archives: TransCanada

Keystone delay heralds long-term pain for Canadian oil producers

CALGARY, Alberta – A further delay or outright rejection of the TransCanada Corp Keystone XL project risks a looming capacity crunch on Western Canada’s pipeline network, causing more pain for producers already struggling with weak global crude prices. In the latest twist in the seven-year Keystone XL saga, TransCanada on Monday asked the U.S. State Department to pause its review ...

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Editorial: Flight of the Keystone XL

There are 2.5 million miles of oil and gas pipelines crisscrossing the United States, but just one proposed stretch, from Canada to Nebraska, has been demonized. Or maybe owlified is a better term. The 1,200-mile Keystone XL oil pipeline would connect the oil sands of Alberta to an existing network of pipelines in Steele City, Neb., for the rest of ...

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TransCanada request for Keystone XL delay rejected

WASHINGTON — The Obama administration says it is continuing a review of the proposed Keystone XL oil pipeline, despite a request by the project’s developer to suspend the review. State Department spokesman John Kirby says the department advised TransCanada on Wednesday of its decision to continue the review. The State Department has jurisdiction over the pipeline because it crosses a ...

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Editorial: Keystone XL delay is a setback for public safety in Minnesota

The triumphant but misguided e-mail landed in inboxes just hours after the Canadian company pushing to build the Keystone XL pipeline announced it wants the U.S. government to suspend review of the pipeline’s construction permit application. “We made our voices heard that we would stand up to protect our planet for future generations,” trumpeted a Democratic National Committee missive that ...

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Alaska Senate approves TransCanada buyout bill

JUNEAU, Alaska — The Alaska Senate on Tuesday approved legislation that would give the state a greater share in a proposed liquefied natural gas project by buying out one of the project’s partners. The vote was 16-3 and came 11 days into a special session called by Gov. Bill Walker to consider buying out TransCanada Corp. Voting no were Sens. ...

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Walker’s campaign promise of transparency sets up clash with industry, Legislature on pipeline project

JUNEAU — Alaska’s big oil producers and the state Legislature are objecting to new rules requested by Gov. Bill Walker aimed at opening the state’s natural gas pipeline project to more public scrutiny. Alaska is working on the proposed $55 billion project with oil producers ExxonMobil, ConocoPhillips and BP, as well as pipeline company TransCanada. Legislation passed by the Republican-led ...

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TransCanada’s 3rd-qtr profit top estimates; Keystone system helps

CALGARY – TransCanada Corp, the company behind the controversial Keystone XL pipeline, reported a better-than-expected quarterly profit on Tuesday, helped by rising revenue and higher income from its existing Keystone systems. Earnings before interest, taxes, depreciation and amortization from TransCanada’s Keystone pipeline system rose 32 percent to C$363 million (US$275.90 million) in the third quarter, helped by higher uncontracted volumes ...

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