Trump’s election revives Keystone XL prospects

Donald J. Trump’s position as US president-elect has revived TransCanada Corp.’s stalled Keystone XL crude oil pipeline project. Trump stated repeatedly while campaigning that he would like to see the pipeline built and that he would invite TransCanada to resubmit its application for the project once he assumes office. Source: News

Sunoco, ExxonMobil form crude logistics JV

Sunoco Logistics Partners LP and ExxonMobil Corp. have formed a joint venture, Permian Express Partners LLC, combining certain crude oil logistics assets primarily in the Permian basin. Source: News

Newfoundland and Labrador announce results for call for bids

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has announced the results for its call for bids in eastern Newfoundland and the Jeanne d’Arc region, which drew a combined $758 million in work commitments for offshore oil and gas developments. C-NLOPB offered 16 parcels totaling 3.3 million hectares in its latest round, which was announced […]

API: Election results reflect strong voter support for energy

The results of the 2016 US general elections reflect strong voter support for more oil and gas development, American Petroleum Institute Pres. Jack N. Gerard said. An election night survey of 890 voters nationwide that API commissioned found that a majority would like to see more US oil and gas supplies developed, he told reporters […]