A final evaluation by Nebraska environmental officials is expected during early January regarding TransCanada Corp.’s alternative route for its proposed Keystone XL oil pipeline to avoid environmentally sensitive areas in the Sand Hills region of the state.
Articles from Cashed
Basking in a series of financial successes, Sempra Energy COO Donald Felsinger said his company cashed in on the big bet it made five years ago on natural gas strategy. Speaking Monday at Bank of America’s annual investment conference in San Francisco, Felsinger said Sempra correctly projected that North American production reached its peak and then it invested accordingly in liquefied natural gas (LNG) terminals, pipelines and storage.
TransCanada PipeLines Ltd. cashed in another large assetyesterday in its $3 billion divestiture program by sellingNorthridge Petroleum Marketing Ltd. (NPML) to CXY Energy Marketing,a subsidiary of Canadian Occidental Petroleum Ltd., for $40million, which includes working capital. The sale is expected toclose by the end of July.