Post Tagged with: "TRP"

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

No Stream Like Midstream

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for export as LNG if such a project becomes a reality. The company expects the system expansion to be in-service between 2019 and 2021. The expansion includes approximately 375 km (233 miles) of 16-inch to 48-inch pipeline, four compression units and associated facilities. TransCanada anticipates incremental firm receipt contracts of 620 MMcf/d and firm delivery contracts to major border export and intra-basin delivery locations of 1.0 Bcf/d. With this expansion, NGTL now has a $7.2 billion growth capital program, excluding the $1.9 billion Merrick pipeline project. In December 2017, the National[Read More…]

Source: Enbridge

Keystone XL Pipeline on Track to Begin Primary Construction in 2019

Open season for Keystone’s additional capacity from Canadian oil producers to U.S. refineries secures 500,000 BOPD 20-year commitments The Keystone XL open season has concluded with 500,000 BOPD 20-year commitments secured. This allows the proposed project to proceed. TransCanada Corporation (ticker: TRP) said that interest in the pipeline remains strong and the company will continue to secure long-term volume contracts. “Over the past 12 months, the Keystone XL project has achieved several milestones that move us significantly closer to constructing this critical energy infrastructure for North America,” said Russ Girling, TransCanada’s president and CEO. “We thank President Donald Trump and his administration for their continued support and appreciate the ongoing efforts of Nebraska Governor Pete Ricketts, the Nebraska legislative and congressional delegation, Omaha Federation of Labor, Nebraska State AFL-CIO, our customers and various stakeholders to advance this project. “Furthermore, we appreciate Alberta Premier Rachel Notley for her government’s commitment to[Read More…]

TransCanada Investor Day Foresees a 2018 Construction Start for Keystone XL, Pending FID

TransCanada Investor Day Foresees a 2018 Construction Start for Keystone XL, Pending FID

Advancing $24 billion in commercially secured near-term growth projects $20 billion in projects in development including Keystone XL, the Bruce Power life extension program, and Coastal GasLink Expectations to grow common share dividend at an average annual rate at the upper end of an eight to ten percent range through 2020 Quarterly dividend of $0.625 per common share for the quarter ending December 31, 2017 Keystone XL update Reuters reported that the TransCanada Corporation (ticker: TRP) has begun the process of engaging Nebraska landowners for the alternative Keystone XL pipeline route that the Nebraska Public Service Commission outlined in its recent new approval for the 800-mile oil pipeline. Environmental Impact Statements and other evaluations stand in the way of further progress. TransCanada Senior VP of Liquids Dean Patry said, “The alternate route would involve a number of new landowners for us, and as always, we’re striving to understand their perspectives[Read More…]