Updated Aug 22, 2024
8/22/24
TC Energy Corp. has inked a $1.14 billion agreement to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock Inc. and Morgan Stanley Infrastructure Partners as it pares debt and streamlines its North American pipeline business.
TC Energy Corp. management said it could exceed its goal of more than $2 billion in asset sales in 2024 to focus on natural gas and related segments.
Canadian energy market fundamentals are improving enough to support a “sustained period of elevated natural gas drilling,” particularly in the Western Canadian Sedimentary Basin, Precision Drilling Corp.’s chief said.
North Dakota energy regulators expect a modest uptick in Bakken Shale oil production this year, though challenges persist around managing the immense volumes of liquids-rich natural gas extracted as a byproduct.
Natural gas production in the Rockies, like the country overall, is at vigorous levels this fall even as demand from western markets eases. The result: stout supplies in storage and soft prices.
TC Energy Corp. has finished building the Coastal GasLink (CGL) pipeline after five years of construction, marking the completion of the first system in Canada that will deliver feed gas to an export plant.
Columbia Gas Transmission LLC (TCO) and Transcontinental Gas Pipe Line Co. LLC (Transco) have received tentative approval from FERC for proposed natural gas pipeline expansions in southeastern Virginia.
Entry into the global LNG trade has been granted to TC Energy Corp.’s supply collection grid, Nova Gas Transmission Ltd. (NGTL), by a favorable decision on pipeline access to export terminals on the Pacific coast of British Columbia (BC).
TC Energy Corp. has added its mammoth natural gas collection grid for Alberta and British Columbia (BC), Nova Gas Transmission Ltd. (NGTL), to a strategy that spreads ownership of its pipeline empire to other investors.
TC Energy Corp. is spinning off its liquids pipelines business in order to narrow its focus on natural gas, power generation and decarbonization projects, management said Thursday (July 27).