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TransCanada

Americas

Federal judge blocks Keystone XL pipeline

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.

Oil & Gas

TransCanada launches third round of job losses

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.

Oil & Gas

TransCanada to make further job losses, one fifth will be senior leadership

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.

Americas

TransCanada profits up in latest quarter

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.