TransCanada

Enbridge, Alaska in talks on new gas pipeline

Source: 
The Wall Street Journal

Canada's Enbridge Inc. is negotiating with Alaska to build a new natural gas pipeline along the North Slope, a potential challenger to a similar project proposed by TransCanada, The Wall Street Journal reports.

Oil

Clinton: Keystone not a proxy for Canada relations

TORONTO (AP) — Former U.S. Secretary of State Hillary Rodham Clinton said Monday that the proposed Keystone XL pipeline shouldn't be seen as a proxy for the relationship between Canada and the United States.

Clinton gave a speech in Toronto to promote her new book before taking questions from Frank McKenna, Canada's former ambassador to the U.S. McKenna said the Obama administration's delayed decision on whether to approve the pipeline is source of tension and is increasingly viewed as a proxy for the relationship.

Oil

TransCanada: No link between mandates and welding issues, but pledges more safety work

Source: 
E&E

TransCanada may have taken issue with an AP report that linked new mandates to welding problems on the southern leg of its Keystone pipeline, but the company is promising to implement a number of additional measures in response to a third party engineering analysis of pipeline safety risks, E&E reports.

Oil

New safety requirements set for Keystone pipeline

WASHINGTON (AP) — Safety regulators have quietly placed two extra conditions on construction of TransCanada Corp.'s Keystone XL oil pipeline after learning of potentially dangerous construction defects involving the southern leg of the Canada-to-Texas project.

The defects — high rates of bad welds, dented pipe and damaged pipeline coating — have been fixed. But the federal Pipeline and Hazardous Materials Safety Administration wants to make sure similar problems don't occur during construction of the pipeline's controversial northern segment, which is on hold pending a decision by the Obama administration.

One condition requires TransCanada to hire a third-party contractor chosen by the pipeline safety agency to monitor the construction and make reports to the safety administration on whether the work is sound.

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.

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