TransCanada

Associated Press
Oil

Senate leaves town with Keystone XL vote up in the air

The Senate left Washington on Thursday after a contentious month that has left backers of the $5.4 billion Keystone XL pipeline searching for a way to get a vote to approve the controversial project after falling short on an energy efficiency bill that it was linked to.

The authors of a bill that would mandate approval, Sen. Mary Landrieu, D-La., and Sen. John Hoeven, R-N.D., said they would press for a vote after senators return on June 2. But the path ahead appears as uncertain as ever, with Hoeven looking at new legislation while Landrieu said she still wants to vote on the efficiency bill and Keystone as a package.

Oil

Keystone delays push TransCanada to look at shipping crude by rail

Source: 
Bloomberg

TransCanada CEO Russ Girling told Bloomberg this week that shipping tar sands oil by rail is a more expensive option than moving it via pipeline, but his company is examining the possibility given the latest delays in its Keystone XL project.

Parnell signs bill to advance major gas project

JUNEAU, Alaska (AP) — Gov. Sean Parnell has signed legislation setting Alaska's participation in a proposed liquefied natural gas project.

Parnell signed SB138 on a piece of pipe surrounded by lawmakers in Fairbanks. He ended the event with a call to go build the project.

The bill is aimed at advancing the mega-project into a phase of preliminary engineering and design; there is not guarantee yet that it will be built.

Oil

Keystone delays to force TransCanada job cuts

Source: 
Bloomberg

Fresh delays in approving the Keystone XL pipeline will affect hundreds of jobs, according to Russ Girling, CEO of TransCanada, the company that would build it, Bloomberg reports.

Oil

TransCanada: Overall 1Q profit down, revenues and adjusted earnings up

Source: 
The Wall Street Journal

Overall first quarter profit for TransCanada Corp. dropped 8 percent but adjusted earnings gained and revenue was up on higher pipeline demand during the bitterly cold winter, The Wall Street Journal reports.

Oil

Canadian backers standing by Keystone

Source: 
Reuters

Despite the Obama administration’s announcement last week of a further delay in any decision on the Keystone XL pipeline, the project’s backers in Canada continue to stand behind it, Reuters reports.

AP PHOTO
Oil

Analysis: Nebraska suit puts more time on Keystone clock

This isn't the first time uncertainty about the route of the Keystone XL pipeline through Nebraska has led the Obama administration to delay in a permitting decision.

President Barack Obama cited the undetermined final alignment through the state when he denied the project in early 2012.  That was the same reason State Department officials on Friday gave for extending a national interest determination review of the revised route, a move that likely puts off a decision until 2015 -- until after the mid-term elections.

The decision was scored as blatantly political by project proponents over the weekend, criticism that will continue for months to come. Yet it also opens the administration to renewed public pressure from opponents to reject the $5.4 billion TransCanada line once and for all.

Associated Press
Oil

Obama officials offer no new timetable for Keystone XL decision

Obama administration officials on Friday declined to say when they might approve or deny construction of the Keystone XL pipeline from Canada, following the announcement by the State Department of a new delay in completing its review process.

Senior department officials, who briefed reporters on condition of anonymity, denied trying to slow the $5.4 billion oil sands crude pipeline project past the November elections, as critics charged after the announcement.

Oil

Opponents carve anti-pipeline message into Nebraska field

NELIGH, Neb. (AP) — Opponents of a proposed pipeline that would carry oil from Canada south to the Gulf Coast have stamped a massive message of resistance into a Nebraska field that is in the project's path.

The artwork, which covers 80 acres and was done last week, reads "Heartland#NoKXL." It is the latest protest environmentalists and landowners have employed against TransCanada's proposed Keystone XL pipeline.

Critics of the pipeline want President Barack Obama to reject the project because they fear it could contaminate groundwater and contribute to pollution.

Alaska House Resources Committee advances gas line bill

JUNEAU, Alaska (AP) — Following an intensive amendment process that began last week, the House Resources Committee on Wednesday passed out its rewrite of a bill aimed at advancing a major liquefied natural gas project.

The committee considered dozens of proposed amendments and debated many of them at length — even some that were ultimately withdrawn — over the course of several days.

Co-chair Dan Saddler, R-Eagle River, said he thought Alaskans could take comfort that the committee did "good, hard work." Rep. Peggy Wilson, R-Wrangell, said she thought the bill was fair to all concerned.

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