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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:05 EDTPGN, TRPTransCanada selected to develop $6B in natural gas infrastructure
TransCanada (TRP) has been selected by Progress Energy Canada (PGN) being the successor by amalgamation of PETRONAS Carigali Canada Ltd. and Progress Energy Resources Corp. to design, build, own and operate the proposed $5B Prince Rupert Gas Transmission project. This proposed pipeline will transport natural gas primarily from the North Montney gas-producing region near Fort St. John, British Columbia to the recently-announced Pacific Northwest LNG export facility in Port Edward near Prince Rupert, B.C. Progress and TransCanada expect to finalize definitive agreements in early 2013, subject to approvals by their respective Boards. TransCanada will immediately commence Aboriginal and stakeholder consultation and preparation of the relevant regulatory filings for this project under B.C. jurisdiction. In addition, TransCanada proposes to extend its existing NOVA Gas Transmission system in northeast B.C. to connect both to the Prince Rupert Gas Transmission project and to additional North Montney gas supply from Progress and other parties. Initial capital cost estimates associated with extensions of the NGTL System are approximately $1B-$1.5B, with an in-service date targeted for the end of 2015.
News For TRP;PGN From The Last 14 Days
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April 23, 2015
12:32 EDTTRPTransCanada Prince Rupert Transmission confirms project agreement with Kitselas
TransCanada - Prince Rupert Gas Transmission has confirmed a Project Agreement with the Kitselas First Nation of northern B.C. that provides the Kitselas First Nation with financial and other benefits related to the pipeline project. Specifically, the Project Agreement provides annual legacy payments for the duration of the commercial operation of the pipeline, plus immediate benefits on signing, and at other key project milestones.
April 21, 2015
14:39 EDTTRPPrince Rupert Gas Transmission confirms agreement with Gitanyow First Nation
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April 16, 2015
09:16 EDTTRPTransCanada says NEB recommends approval for North Montney mainline project
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April 14, 2015
16:09 EDTTRPMagellan Midstream, TransCanada to pursue Houston pipeline connection
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08:31 EDTTRPErickson wins Mexico pipeline construction contract
Erickson Incorporated (EAC) has contracted with Group Desarrollo Infaestructura, SA de CV who is contracted with Transcanada Corporationís (TRP) Mexican Subsidiary, Transportadora de Gas del Noreste for a new rural infrastructure pipeline project that will bring clean-burning natural gas to businesses and citizens in Mexico. The agreement will guarantee the use of an S-64 E Aircrane to assist in the external load transport of more than 1,000 natural gas pipeline segments that will complete the 329 mile long Topolobampo Project. This project is a first for Erickson within the construction services market in Mexico. The terrain surrounding the project is rugged and mountainous with minimal ground access. The work will be completed early in Q2.

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