TransCanada

AP file photo of sections of pipe for Keystone
Associated Press Photo
Oil

Analysis: As U.S. production rises, oil prices shake up pipeline politics

Just a few weeks ago, a rapid decline in oil prices spurred critics of the Keystone XL pipeline and even the Environmental Protection Agency to argue that approval of the project would worsen greenhouse gas emissions. 

But now, oil prices are rising again thanks to turbulence in oil-producing nations and a union strike in the U.S., turning the tables on such criticism and highlighting how quickly the market can affect pipeline politics.

Oil

TransCanada: 4Q profits, dividend, shipments higher

Source: 
Financial Post

The Gulf Coast line – the southern leg of the Keystone pipeline system – becoming operational helped pipeline operator TransCanada to a bigger profit in the fourth quarter, beating analysts’ expectations, and leading the company to declare an 8 percent increase in its dividend, the Financial Post reports.

Oil

New TransCanada pipeline link planned with North Dakota

Source: 
The Wall Street Journal

TransCanada will reveal a proposal to build the Upland Pipeline, a new 200-mile line to link up with North Dakota’s Bakken Shale, when it reports earnings Friday, a project which will need U.S. government approval, a person with information about the plan told The Wall Street Journal.

Oil

Company suspends efforts to seize Nebraska land for Keystone

OMAHA, Neb. (AP) — TransCanada Corp. will temporarily suspend efforts to seize Nebraska land for its much-delayed Keystone XL oil pipeline after landowners sued, in what is one obstacle the Canadian company still faces in the 1,179-mile project.

A Holt County District judge issued a temporary injunction Thursday, keeping TransCanada from invoking eminent domain along the proposed Keystone XL route in northern Nebraska while a lawsuit by landowners in that county plays out. TransCanada agreed to the order, hoping to get an accelerated trial schedule so that it can quickly resolve the legal disputes.

Associated Press
Oil

White House: Obama will veto Keystone bill

The White House did not offer any public response Wednesday to final passage of the Keystone XL pipeline approval bill, but an aide said President Barack Obama isn't rethinking his opposition to the measure.

"As we have made clear, the president will veto this bill," said an aide on condition of anonymity.

The bill passed the House late Wednesday, 270-152, clearing it to be sent in the coming days to Obama's desk. His advisers have said he will veto it because it intrudes on the presidential cross-border permit process, which continues at the State Department.

Associated Press
Oil

House sends Keystone XL bill to Obama

The House on Wednesday easily passed, 270-152, the Keystone XL pipeline approval bill previously approved by the Senate.

The measure now goes to President Barack Obama for an expected veto.

Gary Doer/EnergyGuardian Photo
Oil

Canada diplomat, TransCanada take aim at EPA

TransCanada officials and Canada's top diplomat to the U.S. on Wednesday each challenged new greenhouse gas concerns surrounding the Keystone XL oil sands pipeline, which were raised last week by the Environmental Protection Agency in comments to the State Department.

TransCanada's president Russ Girling filed a letter with the department questioning EPA's assertion that low oil prices should prompt a fresh estimate of the line's impact on oil sands carbon emissions -- which could further delay a final decision on the project.

Separately, the government of Prime Minister Stephen Harper made public its objections to EPA's stance via a letter to Secretary of State John Kerry from Canada's U.S. ambassador Gary Doer.

"One is left with the conclusion that there has been significant distortion and omission to arrive at EPA's conclusions," Doer wrote in the letter, dated Monday.

Oil

GOP set to send Keystone bill to Obama

The showdown over the Keystone XL oil pipeline between Republicans in Congress and President Barack Obama sees its next act unfold this week.

The GOP-led House plans on Wednesday to pass and send to his desk a bill approved by the Senate to authorize the $8 billion line from Canada, according to a schedule issued late Friday by House Majority Leader Kevin McCarthy, R-Calif.

Oil

TransCanada looking at crude-by-rail

Source: 
Financial Post

As the approval process for the Keystone XL pipeline continues to drag on, project owner TransCanada will likely start moving oil by rail, CEO Russ Girling said in Toronto Wednesday, the Financial Post reports.

AP PHOTO
Oil

EPA gives Keystone XL a climate black eye

Opponents of the Keystone XL pipeline on Tuesday ramped up their calls for President Barack Obama to reject the $8 billion project, based on new Environmental Protection Agency criticism of the State Department's review of the line's contributions to climate change.

EPA said in comments published Tuesday on the department's final supplemental environmental impact statement that the crash in oil prices should prompt officials to revisit its conclusion that the project won't directly spur carbon-intensive Canadian oil sands crude.

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