Post Tagged with: "Trans Mountain"

Canada Likely to Proceed With Trans Mountain Expansion

Canada Likely to Proceed With Trans Mountain Expansion

From Bloomberg

The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its decision next month, officials familiar with the matter say.

The government has made no secret about its interest in …

Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Canada Extends Deadline for Trans Mountain Pipeline Decision to June 18

From Reuters

Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday.

The Trans Mountain expansion (TMX) project …

Regulator Backs Canada’s Trans Mountain Pipeline Expansion

Regulator Backs Canada’s Trans Mountain Pipeline Expansion

From Bloomberg

Canada’s energy regulator recommended approval of the government-owned Trans Mountain pipeline expansion, clearing one of the major obstacles for the project to move forward.

The National Energy Board said in its report released Friday that it would impose …

Canadian Indigenous Groups Weigh Pipeline Deal to Ease Oil Glut

Canadian Indigenous Groups Weigh Pipeline Deal to Ease Oil Glut

From Bloomberg

The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan Inc. last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch.

Five or six First Nation communities have …

January 17, 2019 - 3:02 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News, MLP News
Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Canadians Back Trudeau’s Pipeline, But His Own Voters Are Wary

From Bloomberg

A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau’s government is pushing to build — though it remains unpopular among some voting blocs key to his reelection, a poll has found.

In a …

January 17, 2019 - 6:56 am Canada, Closing Bell Story‎, Crude Oil News, Energy News, MLP News
Canada Regulator Issues Draft Conditions in Trans Mountain Review

Canada Regulator Issues Draft Conditions in Trans Mountain Review

From Reuters

Canada’s energy regulator released draft revisions of conditions and new recommendations on Thursday as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project.

The National …

January 11, 2019 - 12:15 pm Canada, Closing Bell Story‎, Energy News, MLP News
No Trans Mountain Expansion, but Holding Large Crude Tank Storage Capacity and Rail Terminals, Kinder Morgan Canada Evaluates Options, Gives 2019 Financial Expectations

No Trans Mountain Expansion, but Holding Large Crude Tank Storage Capacity and Rail Terminals, Kinder Morgan Canada Evaluates Options, Gives 2019 Financial Expectations

Kinder Morgan Canada Limited Announces 2019 Financial Expectations

December 4, 2018 - 6:31 am Canada, Closing Bell Story‎, Midstream, Press Releases
Canada to Miss Deadline for Quickly Reselling Trans Mountain Pipeline

Canada to Miss Deadline for Quickly Reselling Trans Mountain Pipeline

From Bloomberg

About a dozen parties are interested in the Trans Mountain oil pipeline, but the Canadian government won’t reach a deal to flip it before a marketing deadline with Kinder Morgan Inc. closes Sunday, according to people familiar with …

July 23, 2018 - 11:59 am Canada, Closing Bell Story‎, Energy News
Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

From Reuters

The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, …

Canada Sees Trans Mountain Pipeline as Ticket to Sell Canadian Oil Far Beyond U.S. Shores as Trade War Reboots

Canada Sees Trans Mountain Pipeline as Ticket to Sell Canadian Oil Far Beyond U.S. Shores as Trade War Reboots

“If [the pipeline] doesn’t get pushed through, it changes the trajectory of what the Canadian energy industry looks like.”- RBC

From CNBC

  • The Canadian government has opted to buy a pipeline project that will more than double the oil its
Photo by Mike Goldwater"

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment

In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …

The Government of Canada Agrees to Buy Trans Mountain Pipeline and Expansion Project from Kinder Morgan

The Government of Canada Agrees to Buy Trans Mountain Pipeline and Expansion Project from Kinder Morgan

Kinder Morgan (ticker: KMI) subsidiary Kinder Morgan Canada Limited (TSX: KML) has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by the Government of Canada for C$4.5 billion, the company said in a …

The Trans Mountain Debate is about How We Function as a Country

The Trans Mountain Debate is about How We Function as a Country

From the Globe and Mail – by ALEX POURBAIX AND TIM MCKAY

The clock is ticking down to Kinder Morgan’s decision about whether to proceed with the Trans Mountain expansion pipeline. Meanwhile, Canadian oil continues to trade at a discount …

Kinder Morgan Cool to Ottawa’s Offer to Compensate Company for Losses from B.C.’s Opposition to Trans Mountain

Kinder Morgan Cool to Ottawa’s Offer to Compensate Company for Losses from B.C.’s Opposition to Trans Mountain

Canada’s Federal Government Ready to Compensate Kinder Morgan for Delays

From the Star

OTTAWA—The Texas-based oil firm threatening to kill its planned expansion of an Alberta-B.C. pipeline reacted coolly to Ottawa’s offer Wednesday to compensate the company for any financial …

Kinder Morgan Canada Issues Statement on Trans Mountain as May 31 Deadline Nears

Kinder Morgan Canada Issues Statement on Trans Mountain as May 31 Deadline Nears

Kinder Morgan Canada Limited Issues Statement

Trudeau Cuts Peru Trip Short to Get Trans Mountain Done

Trudeau Cuts Peru Trip Short to Get Trans Mountain Done

B.C.’s Horgan is steadfast in goal to keep pipe project out of his province; Trudeau seeks federal jurisdiction over line

From Bloomberg

“We are going to get the pipeline built. It is a project in the national interest,” Prime Minister …

April 16, 2018 - 2:21 pm Closing Bell Story‎, Energy News, Midstream
Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

From The Globe and Mail

CALGARY, VICTORIA AND OTTAWA

Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets.

In …

April 11, 2018 - 3:04 pm Canada, Closing Bell Story‎, Energy News, Midstream, MLP News
With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

KMI’s successful Canadian IPO provides cash to pay down debt, clearing path for Trans Mountain FID

“Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project,” Kinder Morgan CEO Steve Kean said …

Kinder Morgan Canadian IPO Grosses CAD $1.75 Billion

Kinder Morgan Canadian IPO Grosses CAD $1.75 Billion

Kinder Morgan Canada Limited (ticker: KML) and Kinder Morgan, Inc. (ticker: KMI) completed an IPO of 102,942,000 restricted voting shares of KML at a price to the public of $17.00 per share for total gross proceeds of approximately C$1.75 billion.…

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Canada added to the onslaught of energy news this week by approving and disapproving oil pipelines. Yesterday’s announcement of two approved pipes will make it possible for Canada to move about 1 MMBOPD to global markets from Alberta’s oilsands.

The …

Energy Upside: Kinder Morgan’s Trans Mountain Pipeline Expansion Wins Energy Board Nod

Energy Upside: Kinder Morgan’s Trans Mountain Pipeline Expansion Wins Energy Board Nod

Project Wins National Energy Board’s Approval Recommendation, Government’s Final Decision Set for December

Canada’s National Energy Board (NEB) has concluded that Kinder Morgan’s (ticker: KMI) Trans Mountain Expansion Project is in the public interest and recommended the Federal Governor in …