Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.
TransCanada Mining News
Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.
State has approved controversial project but insisted on alternative route, could add further complications.
Transaction could become one of the country’s one of the biggest-ever equity sales.
The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
He said the project would employ 28,000 people, with TransCanada predicting only 13,000 temporary construction jobs and the US State Department saying only 50 of them will be permanent positions.
Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.
Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.
The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.
The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.
Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.
The Keystone pipeline carries oil south from Canada through eastern North Dakota, South Dakota and Nebraska.
TransCanada halted after report of talks to buy Columbia Pipeline Group in deal worth more than $10 billion
Company only confirmed it was in talks with a “third party” about a “potential transaction.”
The provincial government asked the court to order a halt until the project has complied with the environmental laws in place.
The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.
The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.
The firm has filed an amended application, which makes nearly 700 changes to the route in response to concerns about environmentally sensitive areas.
Days after the U.S. spurned TransCanada Corp.’s proposal to expand its Keystone pipeline network across North America, Mexico opened its arms.
U.S. President Barack Obama’s decision to reject TransCanada Corp.’s Keystone XL project doesn’t necessarily make Canada a more risky place for energy investment.
The decision, confirmed this morning, puts an end to a seven-year saga that became one of the biggest environmental flashpoints of Obama's presidency.
If accepted, the request would keep alive the possibility that Keystone could go ahead after next year’s presidential election in the U.S.
The decision to scrap the Carmon Creek project, said the company, was partially due to a lack of pipelines to coastal waters.
Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.