•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    State Department report says Keystone XL pipeline would have little environmental impact

    The proposed Keystone XL pipeline would have no significant environmental impact on most resources along its planned route, according to a draft supplementary environmental impact statement (SEIS) released earlier this month by the US Department of State.

    Industry groups, including the American Petroleum Institute, American Fuel & Petrochemical Manufacturers, and Association of Oil Pipelines, have praised the report’s release and are hopeful that the findings will encourage President Obama to approve the pipeline’s cross-border application. The 2,000-page report does not make any recommendations on whether the President should approve the project.

    The report’s release comes after the department announced in late 2011 that it would delay a decision on the project to study an alternative route for the pipeline. Some believe that the postponement was an effort by the administration to avoid disappointing an important constituency in the midst of the 2012 presidential campaign, says Dena Wiggins, a Washington DC attorney with the energy and project finance group of Ballard Spahr LLP.

    Environmental groups dispute the report’s findings and are continuing to fight the proposal, however. Opponents contend that if the pipeline is built, it will increase carbon emissions and pose other significant environmental risks by giving producers an incentive to expand oil sands production. Despite this opposition, many observers believe that the President and his administration will ultimately approve the pipeline, says Wiggins.

    The 875-mile pipeline proposed by TransCanada would transport more than 800,000 barrels per day of crude oil from Alberta, Canada, and the Bakken shale formation in Montana to facilities near Steele City, Neb., for delivery to the Gulf Coast region of Texas and Louisiana. In response to environmental concerns, the pipeline operator has revised the proposed route to avoid the environmentally fragile Sand Hills Region in Nebraska.

    The report is now subject to a 45-day public comment period.

    Related Articles

    CPG: $1.75B investment to serve Appalachian supply basins

    08/14/2014 Columbia Pipeline Group (CPG), a unit of NiSource Inc., reports a total of $1.75 billion in new investment in infrastructure that will enable it to transport up to 1.5 billion cubic feet per day of...

    BridgeTex Pipeline extends open season

    08/11/2014 Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Bin...

    Kinder Morgan to Expand Edmonton Terminal

    08/08/2014 Kinder Morgan reports that its joint venture has entered into additional firm take or pay agreements with oil majors sufficient to allow a planned expansion project to move forward by adding increm...

    BKEP to build Pipeline Project to Serve Eaglebine Crude Producers

    08/07/2014 Blueknight Energy Partners LP plans to build a major pipeline linking the emerging East Texas Eaglebine/Woodbine crude oil resource play to Oiltanking Houston, a crude oil and product terminal on t...

    Regency and AE-MIDCO Enter Into Joint Venture

    08/07/2014 Regency Energy Partners LP and American Energy – Midstream LLC (AE-MidCo) have entered into a joint venture agreement for the construction and operation of Regency’s previously announced Utica Ohio...

    More Oil & Gas Financial Articles

    CPG: $1.75B investment to serve Appalachian supply basins

    Thu, Aug 14, 2014

    Columbia Pipeline Group (CPG), a unit of NiSource Inc., reports a total of $1.75 billion in new investment in infrastructure that will enable it to transport up to 1.5 billion cubic feet per day of natural gas from Marcellus and Utica production areas to markets served by its Columbia Gas Transmission and Columbia Gulf Transmission pipeline systems. 

    BridgeTex Pipeline extends open season

    Mon, Aug 11, 2014

    Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5 p.m. Central Time on Aug. 14.

    Kinder Morgan to Expand Edmonton Terminal

    Fri, Aug 8, 2014

    Kinder Morgan reports that its joint venture has entered into additional firm take or pay agreements with oil majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 barrels per day at the Edmonton Rail Terminal.

    BKEP to build Pipeline Project to Serve Eaglebine Crude Producers

    Thu, Aug 7, 2014

    Blueknight Energy Partners LP plans to build a major pipeline linking the emerging East Texas Eaglebine/Woodbine crude oil resource play to Oiltanking Houston, a crude oil and product terminal on the Houston Ship Channel, owned and operated by Oiltanking Partners LP.

    Regency and AE-MIDCO Enter Into Joint Venture

    Thu, Aug 7, 2014

    Regency Energy Partners LP and American Energy – Midstream LLC (AE-MidCo) have entered into a joint venture agreement for the construction and operation of Regency’s previously announced Utica Ohio River Project.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ