TC Energy reached mechanical completion of its Coastal GasLink pipeline
TC Energy returning to its roots
Leaner North American midstream behemoth looks to strategic success with renewed gas focus
Francois Poirier, president and CEO of North American midstream giant TC Energy Corporation, said 2023 was one of its “most transformational years” during the company’s fourth-quarter earnings call in February. TC Energy reached mechanical completion of its Coastal GasLink pipeline, shed billions of dollars of assets, and announced a plan to spin off its liquids pipeline business to regain confidence of investors and credit rating agencies spooked by its high debt load—caused partly by massive cost overruns constructing its newest pipeline. The projected cost of Coastal GasLink—the first new route to the Canadian west coast in seven decades and the first to directly ship Western Canadian gas
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
