Keystone XL's first hurdle passed
The challenges are not over for the pipeline which will run from Alberta to the Gulf Coast
When the Keystone XL pipeline was first proposed more than eight years ago, Russ Girling, TransCanada's chief executive (he was chief operating officer at the time), probably didn't imagine the bruising battles ahead, or that it would be President Donald Trump signing off on the project's presidential permit in 2017. But Girling was positively beaming as he watched Trump announce the approval of the permit in a 24 March Oval Office ceremony. That Trump signed off on the line—which would move as much as 830,000 barrels a day of oil sands crude from Alberta to the Gulf Coast—wasn't a surprise, coming at the end of a self-imposed 60-day reevaluation period in which the verdict was never in doub
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
