Post Tagged with: "Enbridge"

Enbridge expands role in LNG exports with deal to buy Rio Bravo Pipeline

Enbridge expands role in LNG exports with deal to buy Rio Bravo Pipeline

Natural Gas Intel


Enbridge Inc. has agreed to acquire the Rio Bravo Pipeline Co. and assume full ownership of the 4.5 Bcf/d system that would feed NextDecade Corp.’s proposed RioGrande liquefied natural gas (LNG) export facility.

Enbridge expands role in LNG exports with deal to buy Rio Bravo Pipeline -oilangas360The companies said late …

February 15, 2020 - 7:00 am Industry Insights, LNG, Pipeline News
Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters


Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network.

Canadian Natural’s letter …

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

From The Calgary Herald


A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity.…

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

From Reuters


Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12.

Enbridge said in a notice to customers Monday …

Source: Enbridge Inc.

Enbridge Holds Open Season for Canadian Mainline Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enbridge seeks up to 20-year contracts for transportation services on its Canadian Mainline pipeline system 
Enbridge Inc. (stock ticker: ENB), an energy infrastructure company headquartered in Calgary, will be holding an

Source: Enbridge

Enbridge Warns Line Three Pipeline Cost Could Exceed C$9 Billion

From Reuters

Enbridge Inc, Canada’s largest pipeline operator, said on Friday there is a risk its Line 3 replacement project could exceed its previous cost estimate of C$9 billion ($6.71 billion) because of delays to permits in the United States.…

May 10, 2019 - 5:23 pm Closing Bell Story‎, Energy News, Midstream
Enbridge Names Directors

Enbridge Names Directors

Enbridge Inc. Announces Election of Directors

Enbridge Seeking At Least Eight-Year Oil Shipping Commitments on Canada Mainline, Worrying Small Producers

Enbridge Seeking At Least Eight-Year Oil Shipping Commitments on Canada Mainline, Worrying Small Producers

From Reuters

Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told …

Courtesy of Enbridge

Enbridge Board Member Passes Away

Enbridge Announces Passing of Board Member Michael E.J. Phelps

Source: Enbridge

Minnesota Regulator Confirms Approval of Enbridge Oil Pipeline

From Reuters

A Minnesota regulator has confirmed its approval of Enbridge Inc’s Line 3 crude oil pipeline replacement, allowing the $7 billion project to move forward, the company said on Wednesday.

The Minnesota Public Utilities Commission initially approved Enbridge’s plan …

March 27, 2019 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, MLP News
Source: Enbridge

Enbridge Pipeline Delay Spooks Traders in Long-Term Canada Crude Market

From Reuters

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.…

Minnesota to Enbridge: You’ll Have Permits for Line 3 Replacement Project By End of November

Minnesota to Enbridge: You’ll Have Permits for Line 3 Replacement Project By End of November

State of Minnesota Provides Permitting Timeline for Line 3 Replacement Project

March 6, 2019 - 5:54 am Closing Bell Story‎, Midstream, Press Releases
Courtesy of Enbridge

Canada Oil Industry Takes Fresh Hit With Key Pipeline Delay

From Bloomberg

Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.

The roughly one-year delay to Enbridge Inc.’s expansion of its Line 3 conduit, announced late Friday, threatens …

March 4, 2019 - 12:46 pm Canada, Closing Bell Story‎, Energy News, MLP News
Enbridge Inc. Completes Mergers with Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.

Enbridge Inc. Completes Mergers with Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.

Enbridge Inc. Completes Mergers with Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C.

December 21, 2018 - 8:30 am Closing Bell Story‎, MLPs, Press Releases
Enbridge, Spectra Energy Complete Merger

Enbridge, Spectra Energy Complete Merger

Enbridge Inc. and Spectra Energy Partners, LP Complete Merger

Courtesy of Enbridge

Two key Canada-to-U.S. oil pipelines hit by disruptions

From Reuters

Two major pipelines carrying oil from Canada to the United States were hit by weather-related disruptions on Tuesday, the latest hit to Canada’s oil industry just days after the Alberta government announced forced cuts in crude production.

A …

December 5, 2018 - 1:54 pm Canada, Closing Bell Story‎, Energy News, MLP News
Courtesy of Enbridge

Pipeline Giants to Join in $3.3 Billion Deal—Finally

Enbridge to acquire all public equity of Spectra Energy Partners; companies hope for Q4 close

Their effort to combine has rumbled through the news for about the past two years. On Aug. 24, 2018, Enbridge Inc. (ticker: ENB) and Spectra …

Courtesy of Enbridge

Enbridge en Route to Returning 760 MBOEPD of Capacity

From Reuters

Enbridge Inc (ENB.TO) (ENB.N) said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.

Canada’s largest pipeline operator won a key …

Minnesota Regulator Approves Rebuild of Enbridge Line 3

Minnesota Regulator Approves Rebuild of Enbridge Line 3

From Reuters

SAINT PAUL, Minn. (Reuters) – A Minnesota regulator on Thursday approved a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers that have struggled …

June 29, 2018 - 11:46 am Canada, Closing Bell Story‎, Midstream
Enbridge Sells U.S. Midstream for $1.1 Billion

Enbridge Sells U.S. Midstream for $1.1 Billion

Enbridge Inc. (ticker: ENB) said its indirect subsidiary, Enbridge (U.S.) Inc., has entered into an agreement to sell Midcoast Operating, L.P. and its subsidiaries to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase …

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.

“The …

Enbridge Line 3 pipeline construction, in Hardisty, Alta., on Thursday August 3, 2017.THE CANADIAN PRESS/Jason Franson

Enbridge and Spectra Energy Eliminate Incentive Distribution Rights

Enbridge Inc. (ticker: ENB) and Spectra Energy Partners, LP (ticker: SEP) announced today their execution of a definitive agreement resulting in Enbridge converting all of its incentive distribution rights (IDRs) and general partner (GP) economic interests in Spectra Energy Partners …

Courtesy of Enbridge

Enbridge Inc. Closes $500 Million Preferred Share Offering

Enbridge Inc. (ticker: ENB) announced today that it has closed its previously announced public offering of Cumulative Redeemable Minimum Rate Reset Preference Shares, the Series 19 Preferred Shares, through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC …

December 11, 2017 - 4:00 pm Closing Bell Story‎, MLP News, Oil and Gas 360 Articles
Enbridge: We are Executing

Enbridge: We are Executing

Enbridge Q3 results: projects are moving forward

Enbridge Inc. (ENB) – ENB Q3 highlights

  • Earnings were $765 million or $0.47 per common share for the third quarter and $2,322 million or $1.57 per common share for the nine-month period, both
Will Enbridge’s Line 3 become the Next Keystone XL?

Will Enbridge’s Line 3 become the Next Keystone XL?

Minnesota Commerce Dept. sees no need for Enbridge’s Line 3 Replacement Pipeline Project

The Line 3 Replacement Program is a multi-billion dollar private investment consisting of 1,031 miles of 36-inch diameter pipeline beginning in Hardisty, Alberta and ending in Superior,

Enbridge Reports Q4 2016 Results, Awaits Merger Regulatory Approval

Q4 HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

  • Earnings were $365 million or $0.39 per common share for the fourth quarter and $1,776 million or $1.95 per common share for the full year, both
February 17, 2017 - 3:57 pm Closing Bell Story‎, Earnings
Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

Canada added to the onslaught of energy news this week by approving and disapproving oil pipelines. Yesterday’s announcement of two approved pipes will make it possible for Canada to move about 1 MMBOPD to global markets from Alberta’s oilsands.

The …

Positive News for Keystone XL and Cross-Border Energy Projects

Positive News for Keystone XL and Cross-Border Energy Projects

Former Enbridge CEO Daniel sees possible re-application for Keystone XL

Former Enbridge CEO Patrick Daniel told BNN today that he is believes Donald Trump’s victory will be positive for cross-border energy pipeline projects, starting with the Keystone XL pipeline, the …

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge and Spectra will combine to create company with US$127 billion enterprise value

Pipeline companies Enbridge Inc. (ticker: ENB) and Spectra Energy Corp (ticker: SE) announced Tuesday that they have entered into a definitive merger agreement under which the two …

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route …

December 22, 2015 - 3:37 pm Closing Bell Story‎, Midstream, MLPs, Regulatory