TC Energy maintaining targeted schedule, latest cost estimate for Coastal GasLink
TC Energy Corp. remains on track to complete the Coastal GasLink pipeline by the end of this year without another escalation in construction costs, the Calgary-based company said Friday.
Suncor tells regulator reconsidering approvals would arm industry opponents
Oilsands giant Suncor says reopening the debate over mining an ecologically valuable wetland would play into the hands of industry opponents and upset Alberta's energy development. In April, the Alberta Energy Regulator decided to reconsider...
TC Energy spinning off Keystone Pipeline, 18 years after it was first proposed
TC Energy is spinning off its liquids pipelines, principally its Keystone/Marketlink system, into a separate, yet to be named company. The move comes 18 years after the natural gas pipeline giant decided to get into oil pipelines, and this spinoff marks its exist from that market.
The spinoff, announced July 27, also comes after more than a decade of battles to get two major oil pipelines built – Keystone XL and Energy East. Both of those projects failed disastrously, especially when it came to more than a billion dollars of charges for each project. For KXL, it was a $2.2 billion writedown, and for Energy East, a billion.
Guilbeault and Wilkinson, the two ministers most responsible for the “energy transition,” stay put in cabinet shuffle
For the largest shakeup of his cabinet since becoming prime minister in 2015, Justin Trudeau left alone the two key minister most responsible for the trials and tribulations of the energy industry and a federally-enforced “energy transition.” Indeed, one of those ministers was given an added title on this file.
Crescent Point Energy reports $212.3 million profit in second quarter
Crescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022’s dramatic peaks.
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