TC Energy – Page 3 – Oil & Gas 360

U.S. judge cancels Keystone pipeline permit- oil and gas 360

TC Energy to start work on Keystone XL pipeline after Alberta commits $1.1 billion

March 31, 2020

Reuters TC Energy Corp said on Tuesday it would proceed with the construction of the long-delayed $8 billion Keystone XL pipeline project after securing a $1.1 billion equity investment from the Alberta government, extending a lifeline to Canada’s oil sands industry. Alberta, home of the world’s third-largest oil reserves, has struggled for years as congested pipelines weakened prices and forced

Western Canada oil stocks swell to record high due to Keystone outage, rail strike

December 5, 2019

Reuters WINNIPEG, Manitoba – Western Canadian oil stocks climbed to a record high 39 million barrels as of Nov. 29 due to a temporary outage of the Keystone oil pipeline and a strike by Canadian National Railway Co workers, data provider Genscape said on Thursday. Despite the rail strike, Canadian rail loadings in November averaged a record-high 351,000 barrels per

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

August 27, 2019

From Reuters Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion. The deal announced by President Andres Manuel Lopez Obrador and the head of state-run power utility the Federal Electricity Commission (CFE) at a news conference will

Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska

August 23, 2019

From Reuters A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline. The ruling lifts one of the last outstanding legal challenges facing the controversial project, which would ship 830,000 barrels per

Mexican President Pushes Hopes for Pipeline Deal into Next Week

August 22, 2019

From Reuters Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution. “It’s going well, that business,” Lopez Obrador told reporters at his regular morning news conference after the latest round of talks with companies

Russia's May oil output hits 11-month low on dirty oil crisis - Oil & Gas 360

UGI Subsidiary Closes on Columbia Midstream Deal

August 2, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the equity interests of Columbia Midstream Group, a subsidiary of TC Energy Corporation (stock ticker: TRP), for approximately $1.275 billion. The

TC Energy to Sell Ontario Natural Gas-Fired Power Plants for US $2.18 Billion

July 31, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 TC Energy to sell three natural gas-fired power plants to Ontario Power Generation subsidiary for USD $2.18 billion TC Energy Corporation (stock ticker: TRP), an energy infrastructure company based out of Calgary, has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Limited, to sell interests in three Ontario natural-gas

TC Energy Unloads Columbia Midstream for $1.3 Billion

July 3, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 UGI subsidiary to acquire Columbia Midstream from TC Energy subsidiary UGI Corporation (stock ticker: UGI) subsidiary UGI Energy Services has signed a definitive agreement to acquire the equity interests of Columbia Midstream Group (CMG) from a subsidiary of TC Energy Corporation (stock ticker: TRP) for approximately $1.275 billion. The assets owned

Keystone XL Pipeline Opponents Pursue New Legal Challenge

July 1, 2019

From The Seattle Times BILLINGS, Mont. (AP) — Environmentalists asked a federal judge on Monday to cancel approvals issued by the U.S. Army Corps of Engineers for the Keystone XL oil pipeline from Canada, opening another front in the legal fight over a long-delayed energy project that President Donald Trump has tried to push through to completion. Attorneys for the

Appeals Court Overturns Lower Court: Keystone XL Pipeline Can Move Forward

June 10, 2019

But TC Energy says no mainline construction planned for 2019 From UPI June 8 (UPI) — A federal appeals court has ruled in favor of the Keystone XL pipeline moving forward by overturning a lower court injunction, but U.S. construction is still delayed. A 9th U.S. Circuit Court of Appeals panel ruled in favor Thursday night of the Trump administration

TC Energy Secures $1.15 Billion from Sale of 56 Mile Pipeline

May 28, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 85% interest expected to gross $1.15 billion TC Energy Corporation (stock ticker: TRP) has entered into an agreement to sell an 85% equity interest in the Northern Courier Pipeline to Edmonton-based Alberta Investment Management Corporation (AIMCo), an investment manager responsible for the investments of 31 pension, endowment and government funds

TransCanada Changes Name to TC Energy

May 6, 2019

From Reuters Pipeline company TransCanada Corp said on Friday it has changed its name to TC Energy, to reflect the expansion of its business beyond Canada to the United States and Mexico. Calgary-based TC Energy has been struggling to make progress in building new oil export pipelines out of western Canada. The company has been working for more than a

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