Keystone XL Pipeline

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  1. US panel passes bil to fast-track Keystone XL Pipeline decision

    By Phaedra Friend Troy The US House Energy and Commerce Subcommittee on Energy and Power Wednesday approved a bill to help fast-track the construction of Transcanada’s ( TSX:TRP ) ( NYSE:TRP ) proposed Keystone XL Pipeline .  The North American-Made Energy Security Act (H.R. 1938) requires the Obama administration to issue a final order by Nov. 1, 2011, on whether the Keystone XL Pipeline can be built to transport oil from Western Canada to Texas. The bipartisan bill will now move to the full Energy and Commerce Committee for consideration.  “With Canada’s oil sands coming online and the enormous untapped resources residing here in the US , North America appears to have the capacity to break free from unfriendly sources of oil and bring down prices at the pump. There’s only one thing standing in the way – the Obama administration,” said Energy and Commerce Committee Chairman Fred Upton (R-MI) . “This legislation will end the delays and require this administration to make a timely decision on this pipeline. I look forward to advancing this bill through the full committee and the House.”  Keystone XL Pipeline Extension  The first two completed phases of the $13 billion Keystone Pipeline link Canadian crude oil to refining hubs in the Midwest, as well as Cushing, Oklahoma.  The $7 billion Keystone XL Pipeline hopes to transport crude oil 1,661 miles from Saskatchewan, Canada, through Montana, South Dakota, Nebraska and Kansas, where it would link with an existing portion of the pipeline to carry the Canadian crude and oil produced from the emerging Bakken Shale in the US to Oklahoma and then a new pipeline would transport the oil to refineries on the Texas Gulf Coast.  “Is it better for the US to get its oil from North American sources or from countries that are hostile to us?” asked Rep. Lee Terry (R-NE). “If we let this opportunity slip by because of delaying this decision, this North American energy supply will go to other countries and be returned to us at a premium. Not only that, we will lose jobs that could have been created both in construction and refining. We cannot afford to continue to delay.”  The Keystone XL Pipeline expansion is expected to create some 20,000 jobs during construction.  “Today’s bipartisan vote is an important step to end the delays and approve construction of the Keystone XL pipeline,” said Charles T. Drevna, president of the National Petrochemical & Refiners Association. “The pipeline would benefit American families and businesses by supplying US refineries with oil they need to manufacture gasoline, diesel and other fuels to serve the American people. This pipeline would strengthen America’s economic and national security and provide jobs for American workers.”  A recent report from IHS CERA stated that the 700,000-barrel-a-day Keystone XL pipeline would support increased domestic oil production and supply, and is a needed solution to support changing oil supply trends, namely increasing production from the Canadian Oil Sands and the Bakken Shale of North Dakota and Montana.

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    Wed, 15 Jun 2011

  2. NPRA says rejection of Keystone XL pipeline threatens American national security and jobs

    National Petrochemical & Refiners Association President Charles T. Drevna today issued a statement after the announcement that the Obama administration has rejected a construction permit for the Keystone XL pipeline .

    Online Articles

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    Thu, 19 Jan 2012

  3. Keystone XL pipeline delay not expected to affect Port Arthur refining activity

    The delay of the federal government's approval of the Keystone XL pipeline isn't expected to slow crude oil refining in Port Arthur, Texas.

    Online Articles

    Online Articles

    Tue, 15 Nov 2011

  4. TransCanada launches new ad campaign to support Keystone XL pipeline

    TransCanada Corporation will launch a series of ads featuring one of the preeminent experts on the Ogallala aquifer regarding the actual risks the proposed Keystone XL pipeline could pose to it.

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    Mon, 26 Sep 2011

  1. House panel subpoenas Kerry on Keystone XL pipeline documents

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    Fri, 10 Jul 2015

  2. Oil and Gas News: TransCanada seeks $15B for rejection of Keystone pipeline

    The company that proposed the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project, a company spokesman said Monday.

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    Tue, 28 Jun 2016

  3. TransCanada inks labor agreements for Keystone XL Pipeline project, expects to create 13,000 US jobs

    TransCanada signed Project Labor Agreements for a significant portion of U.S. construction of the proposed US$7 billion Keystone Gulf Coast Expansion Pipeline Project. During construction, the project is expected to create over 7 million hours of labor and over 13,000 new jobs for American workers.

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    Tue, 14 Sep 2010

  4. Senators urge Obama to promptly approve Keystone XL pipeline

    A bipartisan group of US senators urged US President Barack Obama to quickly approve the proposed Keystone XL pipeline project now that Nebraska Gov. Dave Heineman (R) has approved its new route across the state (OGJ Online, Jan. 22, 2013).

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    Thu, 24 Jan 2013

  5. Keystone XL Pipeline depicted in info-graphic

    Visual Capitalist recently published an info-graphic on the Keystone XL Pipeline . Although its pretty basic, it visually describes the situation very well.

    Online Articles

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    Tue, 15 May 2012

  6. NAM asks Washington to approve Keystone XL Pipeline soon to begin creating jobs

    Chip Yost, vice president for energy and resources policy for the National Association of Manufacturers (NAM), issued a statement on Oct. 26 urging the Obama Administration to move forward as soon as possible on the decision to approve the Keystone XL Pipeline Project, which will transport crude ...

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    Wed, 26 Oct 2011

  7. TransCanada begins legal actions following Keystone XL denial

    TransCanada Corp. has filed a notice of intent to initiate a claim under Chapter 11 of the North American Free Trade Agreement (NAFTA) in response to the US Administration's decision to deny a presidential permit for the Keystone XL pipeline on the basis that the denial was arbitrary and ...

    Online Articles

    Online Articles

    Thu, 7 Jan 2016

  8. Without Keystone, industry must find new paths for oil

    Following the Obama administration's rejection of the Keystone XL pipeline , the oil industry faces the tricky task of making sure the crude oil targeted for the pipeline still gets where it needs to go.

    Online Articles

    Online Articles

    Mon, 9 Nov 2015

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