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.
The US Department of State has issued a presidential permit for the construction of the Keystone XL oil pipeline, a project blocked by former President Barack Obama.
TransCanada Corp has secured commitment from shippers for a pipeline for Malaysian state-owned oil company Petronas's Pacific NorthWest liquefied natural gas (LNG) terminal in western Canada.
A worker who fell 20metres to his death at a TransCanada work site in northern Alberta has been identified.
TransCanada Corp. is undertaking its biggest-ever deal with the purchase of Columbia Pipeline Group Inc. for $10.2 billion, expanding its reach in the US natural gas market.
TransCanada recorded a fourth quarter loss of C$2.46billion – a significant drop from last year’s profit of C$458million.
A US regulator has sent TransCanada a letter outlining 62 probable deficiencies on its Keystone pipeline.
TransCanada has begun another round of job losses as it looks to streamline costs. Workers were told the headcount reductions would be complete by the end of November. In June this year, 185 people were made redundant from its major project’s division, followed by a 20% reduction from its senior leadership positions in September.
TransCanada Corporation has sent a letter to US Secretary of State John Kerry calling for the State Department to pause its review of the Presidential Permit application for the Keystone XL pipeline. The company said it believes there is “sound precedent” for making the request.
Staff at TransCanada have been told to expect more job reductions as part of a major restructuring of the company. Senior staff roles are also expected to be affected at the pipeline and power company as a result of the oil price. The company said the current environment was having a “profound impact” on customers and it would do what was necessary to reduce costs.
TransCanada Corp, which divides its business between pipelines and power plants, reported higher second-quarter profit as electricity prices in Alberta rose and the company transported more fuel.