TransCanada pipeline news

The expanded Trans Mountain pipeline, which started operation earlier this year, is worth as much as CAN$33.4 billion (US$24 billion) based on the assumption that shipping contracts are renewed in the early 2040s.

US imports of crude oil from Canada reached a record of 4.3 million bpd in July 2024 following the expansion of Canada’s Trans Mountain pipeline.

Trans Mountain will shut the Puget Sound Pipeline for about seven days in mid-November to conduct planned maintenance, says Reuters.

Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows.

The 20 year contract will boost CNRL’s space on the pipeline by about 75% to roughly 164 000 bpd, according to Bloomberg calculations.

TC Energy says it's Canada's largest Indigenous equity ownership agreement.

Canada will likely delay the sale of the Trans Mountain oil pipeline until after the national election in 2025 says Reuters.

Canada's Trans Mountain pipeline expansion (TMX) is set to enter partial operation on May 1, years behind schedule and at more than four times the original cost, reports Reuters.

Some shippers on Canada's Trans Mountain expansion project are raising concerns that the oil pipeline will not be fully in service by its projected start date, says Reuters.

After four years, the Trans Mountain oil pipeline expansion will go into commercial service on 1 May 2024, reports Bloomberg.