Bloomberg reported that the United States’ decision on the 875-mile US portion of the Keystone XL Pipeline could accelerate or slow down investments in Canada’s oil sands.
Articles Tagged "TransCanada Corp"
CBC reported that TransCanada Corp. (TSX:TRP) has submitted an environmental report on the proposed revised route for the Keystone XL pipeline. The new route purportedly avoids sensitive areas, including the Sandhills region and two small city well fields.
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Enbridge acquire stake in a key Cushing-Gulf Coast pipeline after TransCanada’s Keystone XL pipeline ambitions are dealt a blow.
Key report from the US Department of State should set the stage for project`s approval from the White House, say analysts.
Canada is already the largest single exporter of oil and natural gas to the U.S., and Alberta's oil sands are the biggest single source of oil for the U.S.