Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.» Read More
The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.
JUNEAU, Alaska— The companies pursuing a major liquefied natural gas project in Alaska have applied for an export license with the U.S. Department of Energy. Participants in the project include BP, ConocoPhillips, Exxon Mobil Corp., TransCanada Corp. and the Alaska Gasline Development Corp..
NEW YORK, July 9- Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world's largest producer of crude oil, most analysts agree. "The key issue is not whether production grows, it's by how much," said Ed Morse, global head of commodities research at Citigroup in New York.
CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.
CALGARY, Alberta, June 19- Enbridge Inc said on Thursday the price tag to replace a major pipeline that exports Canadian crude oil to the U.S. had jumped 7 percent to C $7.5 billion because of labor costs, additional engineering work on its Hardisty, Alberta, crude terminal and a weaker Canadian dollar.
NEW YORK, June 10- Canada is "disappointed" that the proposed Keystone XL pipeline to the United States has not yet received approval from the White House, the country's finance minister, Joe Oliver, said on Tuesday. TransCanada Corp's $5.4 billion pipeline would link Alberta's vast oil sands fields with refineries in Texas.
WASHINGTON, May 30- The U.S. State Department on Friday corrected several errors it made in a key study evaluating the impact of the proposed Keystone XL pipeline, including a understatement of how many people could be killed on railroad tracks if the project were rejected and oil traffic by rail increased.
WASHINGTON, June 4- The Keystone XL oil pipeline would be vulnerable to attacks threatening water supplies for millions of homeowners and farmers, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer.
"Building on our record, our government would like to work in concert with the United States on reducing greenhouse gas emissions for the oil and gas sector. This would be consistent with Canada's approach in aligning with the United States on emissions regulations for the transportation sector, she added.
OTTAWA, June 2- The Canadian government, reacting to the U.S. move to cut carbon emissions from power plants, said on Monday it had already taken similar measures and called on the Obama administration to work together to cut emissions in the oil and gas sector.
OTTAWA, May 26- If Canadian crude cannot be transported to the United States because of delays in building pipelines, it will go by rail, Canadian Transport Minister Lisa Raitt said on Monday.
May 21- TransCanada Corp is in talks with customers about shipping Canadian crude to the United States by rail as an alternative to its Keystone XL pipeline project that has been mired in political delays, Chief Executive Russ Girling said on Wednesday.
May 21- TransCanada Corp is in talks with customers about shipping Canadian crude to the United States by rail as an alternative route as its Keystone XL pipeline project that has been mired in political delays, Chief Executive Russ Girling said on Wednesday.
VANCOUVER, May 14- Canada unveiled new rules on Wednesday to enhance pipeline safety and spill response, ahead of the development of new projects proposed to carry crude from Alberta's oil sands to coastal ports for export.
BOSTON/ JAKARTA/ MELBOURNE, May 13- Billionaire Tom Steyer has rapidly become one of America's most visible environmental advocates, vowing to punish lawmakers who don't oppose climate change and pledging to spend up to $100 million to put the issue center stage in the Nov. 4 elections.
*Increasingly unlikely Senate will vote on Keystone oil pipeline. The Senate voted 79-20 to move toward a debate on the energy bill, making it the first big energy legislation to reach the Senate floor since 2007..
*Unclear if Senate will vote on Keystone. The Senate voted 79 to 20 to advance the legislation, the first big energy bill to reach the Senate floor since 2007..
NEW YORK, May 4- Rail car makers, little-known winners of the North American energy boom, are capturing the attention of fund managers and regulators alike.
May 2- TransCanada Corp, Canada's No.2 pipeline company and the backer of the Keystone XL pipeline, reported a 14 percent rise in adjusted quarterly profit as an unusually harsh winter in North America boosted demand for its pipelines.
OTTAWA, May 2- Canada is not considering a NAFTA challenge after the United States once again delayed its decision on approving TransCanada Corp's controversial Keystone XL pipeline, Natural Resources Minister Greg Rickford told reporters on Friday. In recent weeks, some senior former officials in Canada have said that if U.S.