A federal judge in Montana has blocked the construction of the Keystone XL pipeline after finding the Trump administration had failed to conduct necessary environmental reviews.
EnCap Flatrock Midstream said it has closed its fourth investment fund, collecting $3.25 billion to pour into companies that transport and store oil and gas.
Oil headed for its best weekly advance in a month after an outage on the Keystone pipeline added to speculation crude supply could tighten and as investors await OPEC’s decision on extending output curbs.
TransCanada Corp does not know if shippers are still behind the recently revived Keystone XL pipeline project, according to reports.
President Donald Trump intends to sign two executive actions today that would advance construction of the Keystone XL and Dakota Access pipelines, according to a person familiar with the matter.
Donald Trump’s U.S. presidential election victory came as a positive surprise for pipeline proponents.
Republican Presidential candidate Donald Trump has claimed he would reject the Keystone XL pipeline if the US was not given a “big chunk” of profits by TransCanada.
A US regulator has sent TransCanada a letter outlining 62 probable deficiencies on its Keystone pipeline.
You may not have noticed it, but the planet was saved this week.
The US Environmental Protection Agency said developing Canadian oil sands would significantly increase greenhouse gases, a conclusion one environmental group said gives President Barack Obama reason to reject the proposed Keystone XL pipeline. “Until ongoing efforts to reduce greenhouse gas emissions associated with the production of oil sands are more successful and widespread,” developing oil sands crude “represents a significant increase in greenhouse gas emissions,” the EPA said Tuesday in a letter to the State Department, which is reviewing the project.
Senate Democrats said Tuesday they’ll push amendments to legislation approving the Keystone XL pipeline requiring that it’s built with domestically produced steel and that the oil it carries is used in the US. “The project now would simply pump American oil across the American heartland -- not to be used here -- but to be shipped overseas,” Senator Charles Schumer of New York, the Senate’s third-ranking Democrat, said at a news conference. With polls showing a majority of voters supporting Keystone, Democrats have sought to undermine its purported benefits to the US.
TransCanada Corp.’s Keystone XL pipeline faces one less hurdle after Nebraska’s highest court cleared its path through the state, sending the matter back to Washington. The pipeline would funnel crude from Alberta’s oil sands to a network junction in southeast Nebraska, for transport to Gulf Coast refineries. While the ruling is a victory for energy independence proponents, the project’s fate remains uncertain.