Tc Energy

TC Energy Corp. has inked a $1.14 billion agreement to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock Inc. and Morgan Stanley Infrastructure Partners as it pares debt and streamlines its North American pipeline business.  The Calgary-based pipeline giant holds 61.7% ownership of PNGTS, a 295-mile, 290 million Dth/d line. Énergir LP subsidiary…

TC Energy Corp. management said it could exceed its goal of more than $2 billion in asset sales in 2024 to focus on natural gas and related segments. “For 2024, there should be no surprise that our strategic priorities will look very similar to 2023,” CEO François Poirier said on a conference call to discuss…

Canadian energy market fundamentals are improving enough to support a “sustained period of elevated natural gas drilling,” particularly in the Western Canadian Sedimentary Basin, Precision Drilling Corp.’s chief said. While Lower 48 demand for drilling services by exploration and production (E&P) customers remains muddled, the picture is much clearer in Canada for the Calgary-based oilfield…

North Dakota energy regulators expect a modest uptick in Bakken Shale oil production this year, though challenges persist around managing the immense volumes of liquids-rich natural gas extracted as a byproduct.  A case in point was the deep freeze on Wednesday (Jan. 17), which shut in about 700,000 b/d of oil and 2 Bcf/d of…

Natural gas production in the Rockies, like the country overall, is at vigorous levels this fall even as demand from western markets eases. The result: stout supplies in storage and soft prices. Mountain region inventories were 23.5% higher than the five-year average as of Nov. 24, the most recent storage update from the Energy Information…

TC Energy Corp. has finished building the Coastal GasLink (CGL) pipeline after five years of construction, marking the completion of the first system in Canada that will deliver feed gas to an export plant.  CGL hosted a final assembly event for the 402-mile pipeline near where it will link up with the LNG Canada terminal…

Columbia Gas Transmission LLC (TCO) and Transcontinental Gas Pipe Line Co. LLC (Transco) have received tentative approval from FERC for proposed natural gas pipeline expansions in southeastern Virginia.  In the final environmental impact statement (EIS), the Federal Energy Regulatory Commission said the two projects have potential adverse environmental impacts. However, none of them are  considered…

Entry into the global LNG trade has been granted to TC Energy Corp.’s supply collection grid, Nova Gas Transmission Ltd. (NGTL), by a favorable decision on pipeline access to export terminals on the Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) approved an NGTL bargain toll for overseas sales of BC and…

TC Energy Corp. has added its mammoth natural gas collection grid for Alberta and British Columbia (BC), Nova Gas Transmission Ltd. (NGTL), to a strategy that spreads ownership of its pipeline empire to other investors. Subsidiary TransCanada Pipelines Ltd. (TCPL), the parent of NGTL, disclosed the plan for the 66-year-old North American gas industry mainstay…