Reuters WINNIPEG, Manitoba – Prospects for expanding pipelines to move Canadian oil to markets have brightened, but plenty of hurdles remain for the Canadian sector, which has struggled for years with low prices and a glut in storage due to long project delays. Two of three major proposals – TC Energy Corp’s Keystone XL and the Canadian government-owned Trans Mountain
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. Once complete, Line 3 will carry 760,000 barrels per day of western Canadian crude to U.S. markets. In March Enbridge
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 to rebuild the aging 1,031-mile (1,660 km) pipeline that runs from Alberta in Western Canada to the U.S. state of
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 to prolong a shortage of pipeline space that has made it difficult for Canada’s drillers to ship their crude to refineries. That pinch caused
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 approval in June to replace the 1,031-mile (1,660-km) long pipeline, which began service in 1968 and operates at half its
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 to move crude oil to refiners. The Minnesota Public Utilities Commission’s decision clears the final major hurdle, pending possible appeals,
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, Wisconsin; it is one of North America’s largest infrastructure programs: Enbridge Calgary-based energy transportation giant Enbridge (ticker: ENB) has said
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 Trudeau administration approved Kinder Morgan’s (ticker: KMI) Trans Mountain pipeline and Enbridge’s (ticker: ENB) Line 3, while it rejected the Northern Gateway project.
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