World's biggest PR firm calls it quits with American oil lobby – reports

The world’s largest public relations firm is ending its lucrative relationship with America’s powerful oil lobby – after more than a decade and at least $327m in billings.

US Senate narrowly fails to pass Keystone XL pipeline bill

The US Senate has narrowly failed to pass a bill approving the controversial Keystone XL oil pipeline.

Keystone Delays Fuel Push for Canada East Oil Pipeline

Delays by the U.S. in reviewing Keystone XL are helping build momentum for an oil pipeline to Canada’s East Coast.

TransCanada Sees Job Cuts With Keystone Build Delayed

TransCanada Corp. (TRP) doesn’t expect to start building its proposed $5.4 billion Keystone XL pipeline this year, resulting in hundreds of job losses as construction contracts are wound down.

Keystone Review Delay Draws Angry Reaction From Backers

The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.

Canada’s Energy Board Studying Keystone Pipe and Fittings

Canada’s National Energy Board is investigating whether some steel pipe and fittings on TransCanada Corp. (TRP)’s Keystone oil pipeline are below standards.

Keystone Report Said Likely to Disappoint Foes on Climate

The U.S. State Department is preparing a report that will probably disappoint environmental groups and opponents of the Keystone pipeline, according to people who have been briefed on the draft of the document.

Keystone Pipeline Project Faces Nebraska Court Showdown

The proposed Keystone XL pipeline faces a court challenge in Nebraska, where three property owners contend state lawmakers gave the governor illegal power to take away their land for the project.

Oil Falls on Chinese Inflation Data

Oil dropped as accelerating Chinese inflation bolstered concern that economic stimulus may be curbed. The spread between crude in New York and London narrowed to the least in almost four months.

Alaska gives TransCanada OK to shift attention

JUNEAU, Alaska — The state of Alaska on Wednesday gave TransCanada Corp. permission to shift its attention to a natural gas pipeline project that would be capable of overseas exports.