• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • BOE Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

TransCanada says it expects enough shipper support to advance Keystone XL

November 28, 20178:50 AM The Canadian Press0 Comments

TransCanada CEO Russ Girling

CALGARY – TransCanada Corp. (TSX:TRP) said Tuesday it has started to engage with Nebraska landowners along the alternate route of its Keystone XL pipeline approved last week.

Speaking at an investor day in Toronto, Dean Patry, senior vice-president of liquids, said the company continues to review the regulatory approval from the Nebraska Public Service Commission, but has already started speaking with new stakeholders.

“The alternate route would involve a number of new landowners for us, and as always, we’re striving to understand their perspectives on the project, and we will continue to strive to reach agreement with them on mutually beneficial terms,” he said.

The route approved by the commission cleared the last major regulatory hurdle for the controversial pipeline, but created new issues for TransCanada by not approving the company’s preferred route and instead giving the go-ahead on one that shifts the pipeline further east, away from sensitive ecological areas.

The company filed a procedural motion on Nov. 24 that requests the commission reconsider its order that approved the alternate route, but Patry said the company was looking to address some questions raised by the order, and not to change the route itself.

He said TransCanada continues to review the cost and schedule implications of the decision, but is looking to make a final investment decision on the project as soon as possible.

Company CEO Russ Girling said earlier in the day that the company has been “very encouraged” by discussions with potential shippers in recent weeks on the proposed 830,000 barrel a day pipeline and that TransCanada expects to secure enough binding commitments from shippers to advance the project.

The proposed pipeline, which would bring oil from Hardisty, Alta., to markets in the U.S. Gulf Coast and Midwest, has faced significant opposition from environmentalists for much of the nearly ten years TransCanada has been working to make it a reality.

Keystone XL TransCanada

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Week in Review – Stock gainers/fallers and most read articles
  • US drillers cut oil and gas rigs for third quarter in a row – Baker Hughes
  • Coastal GasLink pipeline project 98 percent complete
  • US natgas prices ease 1% as mild weather keeps demand low
  • Canadian Rig Count Summary – Active rig count reaches 187

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.