Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. Continue reading
TransCanada Corporation abandoned the $15.7-billion project more than a year ago, after the National Energy Board modified the environmental assessment process. Continue reading
TransCanada wants to keep that preliminary work on track so that the Calgary-based company can be prepared to start pipeline construction as early as mid-February. Continue reading
It’s too soon to say what the decision by U.S. District Judge Brian Morris last Thursday will mean to the timeline and cost of the pipeline, Paul Miller, liquids pipeline president, said at TransCanada’s investor day in Toronto on Tuesday. Continue reading
Alberta’s energy minister says a U.S. court decision ordering a halt to the Keystone XL pipeline project is frustrating. Continue reading
The Obama administration rejected Keystone XL, citing climate change concerns. The Trump administration essentially dismissed those worries, a judge argued. Continue reading
A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL crude oil pipeline, a move that could delay the already decade-long TransCanada project. Continue reading
The Canadian Energy Research Institute predicts Canadian crude oil production will jump to 7.2 million barrels per day by 2038, aided by thirsty markets that will drive global oil prices above US$100 per barrel by 2030. Continue reading
On Thursday, the president claimed to an audience in Ohio that he never heard any gratitude from TransCanada Corp. Continue reading
Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank. Continue reading
