oil and gas business News

Keystone XL Oil Pipeline Is Terminated After Years of Climate Activism

TC Energy Corp. has ended its 16-year quest to build the Keystone XL oil pipeline, a controversial cross-border project that became a litmus test for climate activism and was blocked by President Joe Biden. Calgary-based TC Energy said in a …

Judge Strikes Down North Dakota ‘Pore Space’ Law Backed by Oil, Gas Group

A judge has struck down a North Dakota’s law that landowners say takes away their property rights. The so-called pore space law passed the Legislature in 2019 after supporters sought clarification on the use of cavities in rock or soil. …

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Construction on the long disputed Keystone XL oil pipeline halted on Jan. 21 as incoming U.S. President Joe Biden revoked its permit on his first day in office. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of …