The price tag for the controversial Keystone XL pipeline has risen by about half to US$8 billion, TransCanada Corp. said Tuesday as the U.S. regulatory process drags into its seventh year. TransCanada had previously pegged the cost of Keystone XL at US$5.4 billion, but has long signalled that the longer it's forced to wait for a permit, the more expensive the pipeline would become.
I'm a senior writer for 30 Point Strategies and a writer-at-large for Texas Monthly. I worked in daily journalism for 26 years, most recently as an award-winning business columnist for the Houston Chronicle, and before that, as a senior writer at Bloomberg News.
Stocks are opening slightly lower, led by declines in the energy sector as the price of oil continues to fall. The Standard & Poor's 500 index fell three points, or 0.2 per cent, to 2,014 as of 9:35 a.m. Eastern time Tuesday.
TransCanada Corp. is planning to expand its Nova natural gas pipeline system by 2017 at a cost of $2.7 billion. The system currently carries about three-quarters of the gas produced in the Western Canada Sedimentary Basin that has been a major source of Alberta's conventional gas supply but TransCanada says demand from shippers has increased.
We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn't know, mark it high.
The annual foreign exchange earnings from professional services export trade such as education, medical tourism and consultancy services is about five hundred percent higher than the revenue accrued from the Oil and Gas industry. The World Trade Organisation estimates that in 2013 Ghana's total professional services trade accounted for about US$2.5billion; though a marginal fraction of the world total services of US$4.64trillion, it was much higher than the net revenue of the Oil and Gas industry that's hovering around US$500million.
Duluth Metals Ltd. . Miner. Up 34 cents, or 485.71 per cent, to 41 cents on 11.2 million shares.
Analysts are expecting Valero Energy Corp. executives to report earnings per share of $1.57 on revenue of $31.58 million once the nation's largest independent oil refiner releases third quarter earnings on Nov. 4, TheStreet said Monday . During the third quarter a year ago, Valero reported earnings per share of 57 cents on revenue of $36.14 billion.
Hotel, energy and financial services conglomerate Loews Corp reported a 26 percent drop in quarterly profit due to lower investment income and weaker earnings from its oil rig and insurance subsidiaries. Net income attributable to Loews fell to $208 million, or 55 cents per share, in the third quarter ended Sept.
The National Toy Hall of Fame has 12 finalists this year. Only two will be chosen for induction.
Sunoco Logistics Partners LP spokesman Jeff Shields tells The Times of Shreveport that the total spill is now estimated at 189,000 gallons. That's up 21,000 gallons from the previous estimate.
A display sign indicates gas prices well below $3 per gallon at the Safeway fuel station east of Port Angeles on Friday. NEW YORK - Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.
DOHA: Kulluna, the national health and safety awareness campaign, recognised its media supporters for contributing to success. As a community partner, ConocoPhillips became the founding sponsor of the Kulluna Health and Safety campaign.
