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The controversial pipeline will fill a takeaway need as Canadian heavy oil production surges and Mexico’s output declines.
TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.
Pipeline provides more takeaway capacity for prolific Permian Basin
The State Department will approve on March 24 the permit needed to proceed with construction of the Canada-to-U.S. Keystone XL oil pipeline, according to two government sources familiar with the process.
The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.
With the Dakota Access Pipeline coming online there’s plenty of capacity for takeaway from the Bakken and D-J; just mind the message you’re sending, one analyst said.
The U.S. started exporting gas from the Lower 48 in February 2016, when the first vessel left Cheniere Energy's Sabine Pass export terminal in Louisiana.
Stratas Advisors reconsiders its bearish outlook for OPEC’s production cut compliance.
Government approval will allow the company to start building most of the North Montney Mainline before Petronas decides whether to commit to the Pacific NorthWest LNG project.
ExxonMobil, Shell promise the government that natural gas will be available for domestic use.
The Houston-based company said it expects ultimate potential throughput capacity of up to roughly 450,000 bbl/d, depending on shipper commitments in the open season.
Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.