TransCanada Archives - Page 4 of 6

TransCanada Signs Three More First Nations Agreements for $4.8 Billion, 2-3 Bcf Natural Gas Pipeline

December 10, 2015

TransCanada now has nine project agreements with First Nations groups as part of the Coastal GasLink project TransCanada (ticker: TRP) announced today that the company has signed three new agreements with First Nations groups in connection to the company’s Coastal GasLink pipeline project. Coastal GasLink is proposing to construct and operate a 670-kilometer natural gas pipeline from the Groundbirch area

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all

Keystone XL Rejection: The Canadian Perspective

November 11, 2015

Exclusive Interview: what does the U.S. rejection of the Keystone XL pipeline mean for future cross-border projects? In this exclusive interview with Oil & Gas 360®, Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers (CAPP), discusses potential aftereffects of the Obama administration’s decision last week to reject TransCanada’s (ticker: TRP) application to build the Keystone XL

TransCanada Awarded Contract to Build US$500 Million Natural Gas Tuxpan Tula Pipeline in Mexico

November 11, 2015

MEXICO CITY, MEXICO–(Marketwired – Nov 11, 2015) – TransCanada Corporation (TRP)(TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico’s state owned power company. “The Tuxpan-Tula Pipeline demonstrates our

U.S. Rejects Keystone XL Pipeline

November 6, 2015

After seven years of regulatory limbo, Obama administration says “no” to TransCanada application President Obama announced today that he has rejected TransCanada’s (ticker: TRP) Keystone XL pipeline project after seven years of regulatory holdup. The decision comes as the president makes steps to solidify his environmental legacy during his final year in office. The 1,179-mile pipeline would have carried 800,000

What’s Next for Keystone XL? TransCanada’s Keystone Chief Spells it Out

November 6, 2015

An interview with Corey Goulet, President of Keystone projects for TransCanada. Editor’s Note: In March 2015, Oil & Gas 360® interviewed Corey Goulet, boss of the Keystone XL pipeline project. Today (Nov. 6, 2015), the U.S. State Department and the Obama Administration officially denied TransCanada’s application to build the Keystone XL pipeline. In light of today’s announcement, Oil & Gas 360®

TransCanada Changes Scope of Energy East Pipeline

November 5, 2015

TransCanada to remove a port on the Energy East pipeline route TransCanada announced today that the company has decided to remove a port on its Energy East pipeline project from Quebec. The company said the decision was made after listening to local communities, key stakeholders and customers, according to a press release from TransCanada. The decision to drop the crude

TransCanada Reports Third Quarter 2015 Financial Results

November 3, 2015

Solid Performance Demonstrates Quality of Diversified Asset Base CALGARY, ALBERTA–(Marketwired – Nov. 3, 2015) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for third quarter 2015 of $402 million or $0.57 per share compared to $457 million or $0.64 per share for the same period in 2014 and $1.2 billion or $1.72 per share

TransCanada Asks for Pause on Keystone XL Decision

November 3, 2015

Pause on TransCanada’s Keystone XL project comes as company waits Nebraska decision Alberta-based TransCanada (ticker: TRP) announced yesterday that it sent a letter to the U.S. State Department requesting a pause on the decision making process for its Keystone XL pipeline project. The request comes as TransCanada waits to hear from the Nebraska Public Service Commission for approval on a

Alaska Looks to Buy Out TransCanada’s Share of Alaska LNG for $68 Million

November 2, 2015

All parties seem to agree, but holdup remains The state of Alaska plans to buy out TransCanada’s (ticker: TRP) share of the Alaska LNG project. Both Alaska Governor Bill Walker and TransCanada have agreed to the deal, according to Alaska Dispatch News, but the funds necessary to purchase TransCanada’s share in the project still need to be approved. Alaska LNG

Prince Rupert Gas Transmission Project Receives Oil and Gas Commission Approvals

October 27, 2015

Final permits issued for construction and operation of pipeline project VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 27, 2015) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it has received final permits from the BC Oil and Gas Commission (BCOGC), giving regulatory approval for the construction and operation of the Prince Rupert Gas Transmission pipeline project (PRGT). “Receiving the full complement

TransCanada Enters Agreement to Acquire Ironwood Power Plant

October 8, 2015

CALGARY, ALBERTA–(Marketwired – Oct. 8, 2015) – TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that it has reached an agreement to acquire the Ironwood natural gas fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 megawatts (MW), from Talen Energy Corporation (NYSE:TLN) for US$654 million. At closing, US$42 million in debt will be assumed and then

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