President Donald Trump plans to issue orders that would advance construction of the Keystone XL and Dakota Access oil pipelines, according to a Jan. 24 Bloomberg report citing "a person familiar with the matter."

The signing of executive actions for the two major oil projects, expected the same day, are consistent with Trump's plan to promote shale oil and gas production and ease the way for infrastructure projects.

Keystone XL, a C$8 billion oil pipeline project proposed by TransCanada Corp. to transport oil sands product from Alberta to Nebraska, was rejected by President Barack Obama's administration in November 2015.

The Energy Transfer Partners LP-led Dakota Access pipeline project, which would move crude oil from the Baaken Shale to a hub in Illinois, has faced months of regulatory blocks from the Obama administration and protests by the Standing Rock Sioux tribe and their supporters based on expected damage to tribal sites and the water supply.