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
…Post Tagged with: "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 …
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, Spectra Energy Complete Merger
Enbridge Inc. and Spectra Energy Partners, LP Complete Merger
…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 …
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 …
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
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 …
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 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 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 …
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 …
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?
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
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
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 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
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 …
With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion
Following judge’s confirmation of Enbridge’s legal authority to carry out 430 MMBOPD Alberta Clipper expansion
U.S. District Judge Michael Davis in Minnesota rejected key parts of a lawsuit brought against Enbridge Inc. (ticker: ENB) over the expansion of the company’s …
45% of U.S. Crude Oil Imports Come from Canada
The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf
Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped …
Enbridge Acquires 24.9% Interest in UK Offshore Wind Project
CALGARY, ALBERTA–(Marketwired – Nov. 5, 2015) – Enbridge Inc. (TSX:ENB)(NYSE:ENB) (the “Company”) today announced the acquisition of a 24.9 percent interest in the 400 megawatt (MW) Rampion Offshore Wind Project (the “project”) in the UK. The Company’s total investment in …
Enbridge Reports Third Quarter Financial Results
HIGHLIGHTS
(all financial figures are unaudited and in Canadian dollars unless otherwise noted)
- Third quarter loss was $609 million and nine months loss was $415 million, both including the impact of a number of unusual, non-recurring or non-operating factors
- Third
Pipelines Figure Prominently in Canada’s PM Race
The race for the position of Canadian Prime Minister continues as the October 19 elections approach, and candidates continue to spar over the importance of various pipeline projects throughout Canada. National polls last week showed the Conservatives at 31%, the …
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary
CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Enbridge Pipelines Inc. (EPI) today announced that it has completed its transfer of EPI’s ownership interest …
Enbridge Reports Q2 Earnings
Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share
HIGHLIGHTS
(all financial figures are unaudited and in Canadian dollars unless otherwise …
Enbridge Boosts Dividends, Transfers $30.4 Billion of Assets to Income Fund
Enbridge Income Fund Receives Canadian Oil Sands System and Renewables
Enbridge (ticker: ENB) followed through on its April 2015 proposal to transfer assets to its Income Fund, swapping ownership of its Canadian Mainline, Regional Oil Sands System and Canadian renewable …
Enbridge Reports First Quarter Results
Enbridge Reports First Quarter Adjusted Earnings of $468 Million or $0.56 Per Common Share
CALGARY, ALBERTA–(Marketwired – May 6, 2015) –
HIGHLIGHTS
(all financial figures are unaudited and in Canadian dollars unless otherwise noted)
- First quarter loss was $383 million,
Enbridge Makes Formal Proposal to Transfer Canadian Liquids Pipeline Business and Renewable Energy Assets to Enbridge Income Fund
– $17 billion book value of assets and $15 billion of secured growth projects under development proposed to be transferred
– Accretion expected to add 10% to Enbridge adjusted earnings per share from 2015 through 2018
– EIFH dividend growth …
Enbridge Announces Closing of Common Unit Letter Offerings
Enbridge Energy Partners, L.P. Announces Closing of Common Unit Offering
HOUSTON, TX–(Marketwired – Mar 13, 2015) – Enbridge Energy Partners, L.P. (NYSE: EEP) (the “Partnership”) announced the closing of its previously announced public offering of 8 million of its Class …
