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TC Energy said this week that it has terminated plans to complete the transborder Keystone XL Pipeline which has faced legal battles and permitting challenges for more than a decade. The Calgary-based pipeline operator halted construction on the project on 20 January, the day that US President Joe Biden took office and in one of his first acts as chief executive revoked the pipeline's permits. TC Energy's CEO, François Poirier, issued a statement that said the company values the experience it gained, and relationships made with various stakeholders while pursuing the ill-fated project. "Through the process, we developed meaningful indigenous equity opportunities and a first-of-its-kind, industry-leading plan to operate the pipeline with net-zero emissions throughout its life cycle. We will continue to identify opportunities to apply this level of ingenuity across our business going forward, including our current evaluation of the potential to power existing US assets with renewable energy," Poirier said in the statement.
TC Energy, Canada's largest midstream operator, announced today that it is promoting its Chief Operating Officer François Poirier to become its next president and chief executive officer on 1 January 2021. He will succeed the company's current head of 10 years, Russ Girling, who is retiring. Poirier has been with the company, formerly known as TransCanada Corp., for 6 years where he has also led the company's power and storage business units along with its operations in Mexico. He previously spent 2 decades as an investment banker focused on the oil and gas sector. Girling's tenure coincides with TC Energy's decade-long effort to construct the Keystone XL pipeline which was first proposed in 2010 and only officially sanctioned a few months ago.
Kalimantan (Indonesia) In the vicinity of HANDIL and BEKAPAI oil fields currently operated by TOTALINDONESIE. (Figure 1)