TORONTO - TransCanada Corp. has cancelled its $15.7-billion proposed Energy East pipeline, with CEO Russ Girling citing non-specific "changed circumstances" Thursday morning. Supporters of the Calgary-based company's project — which would build and operate a 4,500-kilometre pipeline from Alberta to the East Coast — are casting the blame on costs and delays from federal government regulatory meddling, while other point to simple market forces. Here's a timeline of events in the controversial [Read more]
Headlines
Energy East’s demise is unwelcome news for workers
TORONTO, Oct. 5, 2017 /CNW/ - Unifor was disappointed to learn that the Energy East pipeline proposal has been withdrawn and says that a national energy strategy is needed more than ever. "Unlike most other pipeline proposals being discussed today, Energy East had significant benefit for Canadians," said Jerry Dias, Unifor National President. "The National Energy Board's inability to secure this project only underscores how ineffective it has become." Unifor has supported TransCanada's [Read more]
‘Deeply disappointed:’ Premiers say loss of Energy East pipeline bad for West
REGINA - The premiers of Alberta and Saskatchewan say Energy East would have been a nation-building project and that TransCanada's decision to cancel the pipeline is a bad day for the West. Alberta Premier Rachel Notley says Energy East — which would have carried Alberta oil to tidewater — would have benefited all of Canada with new jobs, investment, energy security and the ability to displace imported oil. Saskatchewan Premier Brad Wall says the reasons for the decision fall at the feet [Read more]
Irving Oil responds to TransCanada’s decision to terminate Energy East pipeline project
SAINT JOHN, NB, Oct. 5, 2017 /CNW/ - This morning, Irving Oil's joint venture partner, TransCanada, announced it will be terminating the Energy East project as a result of changing circumstances around the project. "We are disappointed with this decision," says Ian Whitcomb, President of Irving Oil. "This is a sad day for Canada. The construction of the Energy East pipeline was a once-in-a-lifetime opportunity. This was a $15-billion private-sector investment that would have enabled further [Read more]
Conservatives savage Liberal government over cancelled Energy East pipeline
OTTAWA - TransCanada's decision to cancel the Energy East pipeline project exposed deep divisions across the political landscape Thursday, highlighting the ever-present clash between energy development and environmental protection. The premiers of Alberta and New Brunswick and Calgary Mayor Naheed Nenshi all expressed disappointment over the decision, while the Opposition Conservatives blasted Prime Minister Justin Trudeau's Liberal government for "disastrous" energy policies that they [Read more]
Oil steady as talk of new OPEC deal balances U.S. exports
LONDON (Reuters) - Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “OPEC and Russia are talking about extending production limits, but there’s still plenty of supply with U.S. crude exports up sharply,” said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt. Brent crude was up 35 cents at $56.15 a barrel by 1000 GMT. U.S. [Read more]
TransCanada Announces Termination of Energy East Pipeline and Eastern Mainline Projects
CALGARY, ALBERTA--(Marketwired - Oct. 5, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. Following is a statement from TransCanada President and Chief Executive Officer Russ Girling: After careful review of changed circumstances, we will be informing the National Energy Board that we will no longer be proceeding with our Energy East and [Read more]
Encana starts up second Montney plant ahead of schedule and under budget; condensate growth to expand margins and drive quality returns
CALGARY, Alberta, Oct. 05, 2017 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana successfully started up the Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule. Sunrise is the second of three processing plants that support Encana’s condensate-focused growth plan in the Montney. In parallel with the Sunrise and Tower facilities ramping up, the third plant, Saturn remains ahead of schedule and is on track to start up before year-end. In [Read more]
GDM Pipelines and Explore Integrity Launch gX Insight, the Industry’s First Complete Pipeline Integrity Solution.
New solution offers customers seamless integration of integrity data and field inspections. GDM Pipelines (“GDM”), the leader in midstream information management solutions, and Explore Integrity (“Explore”), the premier pipeline risk management and integrity specialists, have joined forces to launch gX Insight, the oil and gas industry’s first and only complete pipeline integrity solution to incorporate the planning, execution and data collection for in-field integrity programs with [Read more]
Trans Mountain Signs Contracts for Expansion Project
CALGARY, Oct. 4, 2017 /CNW/ - Kinder Morgan Canada Limited (TSX:KML) is pleased to announce that Trans Mountain has signed contracts for the Expansion Project with two of the six contractors it previously announced memoranda of understanding with in September, 2017. The remaining four are expected to be signed in the near future. The company has signed a construction contract with Macro Spiecapag Joint Venture for the Spread 5B (Coquihalla – Hope) portion of the Project, and an engineering, [Read more]