Post Tagged with: "NEB"

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 to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch to long-term, fixed-volume contracts on 90% of the Mainline. ConocoPhillips Canada, a unit of the U.S. oil major, also wrote to the NEB on Monday asking for the process to be delayed because of the “avoidable uncertainty” it created for Canadian producers. Suncor Energy Inc, MEG Energy Corp, Royal Dutch Shell Plc, Japan Canada Oil Sands Ltd (JACOS) and the Explorers and Producers Association of Canada previously wrote to the regulator expressing concerns about the planned changes. Enbridge launched a two-month open season on Aug. 2 to solicit bids for[Read More…]

TransCanada Axes Two Pipeline Projects

TransCanada Axes Two Pipeline Projects

Energy East and Eastern Mainline applications withdrawn by TransCanada TransCanada Corporation (ticker: TRP) said in a press release today that it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. TransCanada President and Chief Executive Officer Russ Girling put out a statement saying that TransCanada would inform the National Energy Board that it would no longer be proceeding with the Energy East and Eastern Mainline applications and that it would notify Quebec it is withdrawing the Energy East project from the environmental review process. Energy East would have transported crude oil 2,850 miles from western Canada to eastern Canadian refineries and export markets. The Eastern Mainline was a proposed 173-mile pipeline and compression facilities to be added in the Eastern Triangle of the Canadian Mainline to meet the requirements of the existing shippers as well as new firm service requirements following the conversion of[Read More…]