TransCanada Corp.’s first quarter earnings were positively impacted by the recent decision by Canada’s National Energy Board (NEB) on the company’s Mainline restructuring proposal, the company said Friday. TransCanada also pushed back the in-service date of its long-delayed Keystone XL oil pipeline to late 2015 from the previously planned late 2014/early 2015 due to regulatory delays.
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Articles from Canada
ExxonMobil, Qatar Petroleum Sign MOU on North American Unconventionals
ExxonMobil Corp. and Qatar Petroleum International (QPI) on Monday signed a memorandum of understanding (MOU) to jointly evaluate unconventional natural gas and associated liquids resources in North America, as well as global opportunities for liquefied natural gas (LNG).
Win Some, Lose Some for TransCanada in Toll Case
TransCanada Corp. has been ordered to cut tolls on its troubled natural gas Mainline for long delivery contracts but granted offsetting rights to charge as much as markets for transportation services will bear for short capacity bookings.
Proposed Tax Breaks for Canadian LNG Stumble
Canada’s federal Conservative government has deflected a first stab at obtaining special corporate tax breaks for liquefied natural gas (LNG) export projects, but supporters vow to keep on trying.
Canada’s Gas Glut Dries Up Royalties
Over-abundant markets and fallen prices have gutted government natural gas royalties in both of Canada’s main producing provinces, Alberta and British Columbia (BC), according to accounts disclosed by their treasury departments.
Canada’s NatGas Glut Squeezing Royalties
Over-abundant markets and fallen prices have gutted government natural gas royalties in both of Canada’s main producing provinces, Alberta and British Columbia (BC), according to disclosures by their treasury departments.
Canadian Pipelines Ordered to Set More Aside for Retirement
Canada’s biggest pipelines were ordered Thursday to increase their recognized environmental cleanup liabilities by a collective C$1.5 billion.
Canadian Pipes Ordered to Increase Retirement Funds
Canada’s biggest pipelines were ordered Thursday to increase their recognized environmental cleanup liabilities by a collective C$1.5 billion.
Industry Brief
Opponents of TransCanada Corp.’s proposed northern portion of the Keystone XL oil pipeline from Canada running through parts of Nebraska argued last Thursday in state district court in Lancaster County that Nebraska Gov. Dave Heineman lacked the authority to approve a proposed route for the project. In January, he approved a new alternative route (see Shale Daily, Jan. 23). Opponents of the project want Heineman’s decision voided by a district court judge because they allege a state pipeline siting act passed last year by Nebraska’s legislature is unconstitutional. The legislation gave the governor the ultimate decision on the route. At the end of last year Lancaster County District Judge Stephanie Stacy rejected the state’s attempt to have the lawsuit dismissed.
Latest Abraxas Eagle Ford Well Raises the Bar
In an operations update Monday, San Antonio, TX-based Abraxas Petroleum Corp. said a recent Eagle Ford Shale well turned in solid initial performance. The company’s third well in the WyCross area has outperformed a previous top performer.