TC Energy Corp. has revived a five-year-old trade damages claim topping $15 billion against the U.S. government for refusing to let the Keystone XL oil export project have a construction permit. Notice of the legacy claim, based on fairness rules of the North American Free Trade Agreement (NAFTA), was filed Friday with the U.S. Department…
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Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower
More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…
June 11, 2021
TC Energy, Alberta Government Pull Plug on Keystone XL Oil Pipeline
TC Energy Corp. and the Alberta government late Wednesday announced formal and final termination of the suspended Keystone XL oil export pipeline, but they reserved the right to seek compensation for rejection of the project in the United States. “An orderly exit” would honor remaining environmental and regulatory commitments, said the Calgary pipeline company and…
June 9, 2021
TC Halts Keystone XL Pipeline Work in Advance of Expected Biden EO
TC Energy Corp. called an immediate halt today to work on Keystone XL (KXL) as President Biden was expected to keep an election promise to revoke the U.S. construction permit for the $8 billion oil pipeline on Wednesday. “Advancement of the project will be suspended,” said the Calgary firm. Unless attempts to recover costs to…
January 20, 2021
Alberta Premier Promises to Explore ‘All Legal Avenues’ if Keystone XL Canceled by Biden Administration
Canadian leaders are vowing to rescue TC Energy Corp.’s Keystone XL (KXL) — or sue for damages — from a plan for incoming President Biden to cancel the U.S. presidential permit for the $8 billion oil export pipeline project. KXL stands out as an 830,000 b/d growth enabler for Canada’s top natural gas user, Alberta…
January 19, 2021
Federal Court Upholds Keystone XL Border-Crossing Permit — For Now
A federal district court has denied ongoing legal challenges to the Trump administration’s 2019 approval of TC Energy Corp.’s Keystone XL oil pipeline. In separate orders handed down late last week, Chief District Judge Brian Morris of the U.S. District Court for Montana denied requests filed by tribal and environmental groups seeking a preliminary injunction…
October 22, 2020
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