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Tag Archives: keystone XL

TransCanada applies for new Keystone XL Permit

Keystone XL pipeline, executive order

In the wake of President Trump’s executive order earlier this week regarding the Keystone XL Pipeline and the Dakota Access Pipeline, TransCanada announced it has submitted a Presidential Permit application to the U.S. Department of State for approval of the controversial Keystone XL Pipeline. TransCanada asserts the pipeline project will create tens of thousands of well-paying jobs and “generate substantial ...

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Top Texas energy stories June 26 – July 3

Texas top 5

According to Baker Hughes, the U.S. rig count has increased by 10 this week, with Texas gaining four of the total overall increase. The price of oil is inching back up , playing games with that $50 per barrel mark. Oil currently sits at $48.99, and Brent crude is $50.35. The anxiety associated with the British vote to leave the ...

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TransCanada seeks $15B for rejection of Keystone pipeline

The Keystone Oil Pipeline is pictured under construction in North Dakota in this undated photograph released on January 18, 2012. TransCanada Corporation Handout Photo

LINCOLN, Neb. (AP) — The company that proposed the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project, a company spokesman said Monday. TransCanada Inc. filed a request for arbitration Friday under the North American Free Trade Agreement, arguing that the State Department’s actions led the company to ...

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Coalitions representing anti-pipeline groups holding summit

Image: Loozrboy via Flickr

WEYERS CAVE, Va. (AP) — Dozens of organizations opposed to two multibillion dollar natural pipelines proposed in Virginia and West Virginia are coming together for a summit. The gathering Saturday in Weyers Cave brings together the Allegheny-Blue Ridge Alliance and Protect our Water Heritage Rights, or POWHR. The alliance represents nearly 50 members opposed to the Atlantic Coast Pipeline, while the POWHR ...

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Nebraska’s new pipeline chief hired with stipulation

Keystone XL pipeline, executive order

LINCOLN, Neb. (AP) — Nebraska’s new top pipeline regulator has agreed to remove himself from working on TransCanada’s application to build the Keystone XL pipeline through the state if the company makes another attempt to do so. Scott Coburn agreed to the requirement as a condition of his hiring by the Nebraska Public Service Commission on Tuesday. The commission voted ...

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TransCanada to buy Columbia Pipeline Group for $9.92 billion

pipeline internal veiw CC0 resized

NEW YORK (AP) — TransCanada Corp., the Canadian company behind the Keystone XL pipeline, has agreed to buy Columbia Pipeline Group for nearly $10 billion as it expands in the U.S. Houston-based Columbia Pipeline owns 15,000 miles of interstate natural gas pipelines that extends from New York to the Gulf of Mexico. With the acquisition, TransCanada will have about 57,000 ...

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TransCanada takes 4Q hit after Obama blocks Keystone XL

FILE - In this March 11, 2013 file photo, a sign reading "Stop the Transcanada Pipeline" stands in a field near Bradshaw, Neb., along the Keystone XL pipeline route through the state. With the clock ticking, supporters of a Senate bill to approve the Keystone XL pipeline are still scrambling to find the last vote.  (AP Photo/Nati Harnik, File)

CALGARY, Alberta — Energy company TransCanada Corp. says it lost US$1.79 billion (CA$2.5 billion) in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary-based company reported Thursday that it took a US$2.08 billion (CA$2.9 billion) non-cash charge related to Keystone XL, which President Barack Obama blocked late last year. The loss amounted to US$2.48 (CA$3.47) ...

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ND lawmakers react to Keystone XL Pipeline lawsuits

The Keystone Oil Pipeline is pictured under construction in North Dakota in this undated photograph released on January 18, 2012. TransCanada Corporation Handout Photo

Last week, the company that proposed the construction of the Keystone XL Pipeline, TransCanada, filed legal challenges to the United States’ rejection of the project. One of the lawsuits will seek more than $15 billion in damages. In November, President Obama vetoed the pipeline despite approval from both the House and the Senate. The administration claimed the project would undermine ...

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TransCanada to file 2 legal challenges to Keystone rejection

TransCanada to file 2 legal challenges to Keystone rejection

HOUSTON — The Canadian company that proposed the Keystone XL oil pipeline has filed a lawsuit over the U.S. government’s rejection of the project and announced it plans to file a second legal challenge that will seek more than $15 billion in damages. TransCanada filed a federal lawsuit in Houston on Wednesday alleging President Barack Obama’s decision in November to ...

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TransCanada launches legal action over Keystone XL rejection

President and CEO Russ Girling of TransCanada addresses shareholders during the company's annual general meeting in Calgary, Alberta, May 1, 2015. REUTERS/Todd Korol

CALGARY, Alberta (Reuters) – TransCanada Corp sued the U.S government in U.S. federal court on Wednesday, alleging President Barack Obama’s rejection of the Keystone XL pipeline exceeded his power under the U.S. Constitution. Obama rejected the cross-border crude oil pipeline late last year, seven years after it was first proposed. TransCanada also filed legal action with NAFTA authorities saying the ...

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