News Formal

TC Energy launches independent crude oil pipeline business

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 15 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Business News

Oil&Gas,Utilities

TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.

Amanda Stephenson, The Canadian PressCole Pereira, equity research director of Stifel Financial, joins BNN Bloomberg to discuss TC Energy's South Bow spinoff.

The move is the result of a strategic review in which the Calgary-based TC considered its options including the potential sale of the oil pipelines business. TC Energy also has plans to look at new, low-carbon energy opportunities such as nuclear and pumped hydro energy storage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TC Energy launches South Bow Corp. as independent pipeline businessThe new company, which will be headquartered in Calgary with an office in Houston, will be led by Bevin Wirzba.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Energy minister says public money could help finance Alberta energy cleanupEDMONTON — Alberta's energy minister is promising strong action to clean up the province's growing backlog of unreclaimed oil and gas sites.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy minister says public money could help finance Alberta energy cleanupEDMONTON — Alberta's energy minister is promising strong action to clean up the province's growing backlog of unreclaimed oil and gas sites.
Source: SooToday - 🏆 8. / 85 Read more »