Enbridge Company News
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Enbridge to Buy Units for $7.1 Billion to Simplify Structure
Tuesday, September 18, 2018 Enbridge agreed to acquire the shares it doesn't already own in three North American units for about $7.1 billion.
Enbridge To Buy Spectra Energy For $3.3B
Friday, August 24, 2018 Enbridge says would buy its US master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.
Value of Canada M&A Deals Slumps Amid Oil Rally
Wednesday, August 08, 2018 Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn't going so well this year.
Enbridge Completes 40 Pct of Line 3 Work, Tops Profit Estimates
Friday, August 03, 2018 Enbridge Inc 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.
TransCanada Says Blast-damaged Leach Natgas Pipe Back in Service on July 15
Friday, July 13, 2018 The Leach shutdown forced producers using the line to find other pipes to ship gas out of the Marcellus and Utica shale regions of Pennsylvania, West Virginia and Ohio.
Enbridge: No Plans To Use Own Security During Line 3 Construction
Friday, June 29, 2018 Enbridge will not hire private security during construction of its Line 3 oil pipeline.
Minnesota Regulator Signals Support Of Enbridge Line 3 Oil Pipeline
Thursday, June 28, 2018 Three of five members of the Minnesota Public Utilities Commission said they support issuing a certificate of need for Enbridge to rebuild its Line 3 oil pipeline.
TransCanada Keystone XL May Be One Oil Pipeline Too Many
Wednesday, June 20, 2018 TransCanada's Keystone XL may be one pipeline too many for Canada, at least for now.
Enbridge Endorses Two Alternatives for Great Lakes Pipeline Replacement
Friday, June 15, 2018 Enbridge endorsed either an underwater tunnel or trench to replace a section of its 65-year-old energy pipeline that travels under a stretch of the U.S. Great Lakes in Michigan.
Enbridge Takes Steps on Pipeline Policy After BP Complains
Monday, June 11, 2018 Canada's biggest pipeline operator said that it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made to allocating space on its Mainline system.
Enbridge Pipeline Reversal Earns BP's Ire, Suncor's Praise
Friday, June 08, 2018 Enbridge's decision to implement and then scrap new rules governing Canada's biggest export pipeline system sent crude prices on a record roller coaster move this week.
Canadian Oil Has Record Day After Enbridge Scraps New Rules
Tuesday, June 05, 2018 Canadian crude surged by the most ever after Enbridge Inc. said it won't implement a new procedure to stop shippers.
For Sale: Stalled Pipeline Project, Protesters Included
Friday, May 18, 2018 Justin Trudeau's pipeline nightmare may be only getting started.
Hey Oil Giants: Looking to Unload Renewables? Funds Are All Ears
Wednesday, May 09, 2018 There are plenty of institutional investors ready to pounce.
Trump Tax Revamp Threatens to Make Gas Pipes Pay $18.5B
Wednesday, April 25, 2018 Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion.
Enbridge Shares Fall on Minnesota Pipeline Route Ruling
Tuesday, April 24, 2018 Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.
Enbridge To Double Asset Sales, Targets About C$8B, Sources Say
Thursday, February 15, 2018 Enbridge plans to accelerate its divestment program by selling assets.
As Siberian Gas Awaits US Landing, a Second Ship May Be Coming
Friday, January 26, 2018 "(N)o one has been able to build pipelines from the shale plays in the Northeast to demand centers," said a Houston-based analyst.
Permian Basin Refinery Project Doubles in Capacity
Tuesday, December 12, 2017 With project expansion, region's refining capacity to grow from 300,000 to 400,000 bpd. SOURCE: MMEX Resources Corp.
Phillips 66, Enbridge Launch Open Season for Texas Pipeline System
Monday, December 11, 2017 Crude oil pipeline system to link West Texas to Gulf Coast refineries, export facilities.
Minnesota Public Hearings Begin For Enbridge's $6.5B Oil Pipe Expansion
Tuesday, September 26, 2017 Regulatory hearings for Enbridge's $6.5 billion Line 3 crude oil pipeline upgrade will begin in the US state of Minnesota.
Silicon Meets Steel as Pipeline Operators Try Fiber-Optics
Friday, September 22, 2017 They're piloting a system that can pinpoint leaks and other disturbances down to the centimeter.
Break In Rationing On Enbridge Canada Pipelines Likely Short Lived
Monday, July 24, 2017 Enbridge's move not to ration space on heavy oil pipelines out of western Canada for the first time in 16 months is likely to give producers only a short respite from difficulties.
Michigan Fires Contractor Doing Enbridge Oil Pipeline Risk Analysis
Wednesday, June 21, 2017 The US State of Michigan said it has fired a consultant after state officials discovered a conflict of interest with an employee of the company.
Enbridge Payout Cash Cow Withers With Rebound Seen Long Way Off
Friday, June 09, 2017 Enbridge has spent most of this year trying to fix its flagship partnership unit. Investors aren't buying it.
Canada's Enbridge Eyes Market Share As Competitors' Pipes In Limbo
Thursday, June 08, 2017 Enbridge will take advantage of the uncertainty facing competitors' pipelines to gain market share, a senior executive says.
Enbridge Cutting 1,000 Jobs in US and Canada
Wednesday, March 22, 2017 Following the closing of its acquisition of Spectra Energy, Enbridge is trimming its workforce by 6%.
Enbridge CEO Says Canada Only Needs Two More Export Pipelines
Friday, February 17, 2017 Two new crude oil export pipelines will provide enough capacity to ship Canadian production to market until at least the mid 2020s, Enbridge CEO Al Monaco says.
FTC Approves Enbridge Deal To Buy Spectra With Conditions
Thursday, February 16, 2017 Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.
US Oil Hub Works To Resume Normal Operations After 5.0 Earthquake
Monday, November 07, 2016 US pipeline companies restart operations in Oklahoma after a 5.0-magnitude earthquake late on Sunday triggered safety shutdowns.
Enbridge Cuts 5% Of Workforce In Canada, US
Wednesday, October 19, 2016 Enbridge is laying off 5% of its workforce after an organizational review, a spokeswoman says.
Trudeau Sets November Deadline for Enbridge Pipeline Decision
Thursday, September 29, 2016 Canadian Prime Minister Justin Trudeau's government has given itself a two-month window to decide on Enbridge Inc.'s Northern Gateway oil pipeline after declining to appeal a legal ruling that revoked its construction permits.
Enbridge Posts Higher Profit, Defers C$5B CAPEX To 2018
Friday, February 19, 2016 Enbridge reports a higher-than-expected quarterly profit and says it will defer $3.62B in spending from this year and next until 2018 due to project delays.
Enbridge Cuts 5% Of Workforce In Canada And US
Tuesday, November 17, 2015 Canada's largest pipeline company Enbridge cuts 5 percent of its workforce, a company spokesman says, as low crude prices continued to drag on the North American oil and gas industry.
Pipeline Operator Enbridge's Profit Rises as Shipments Increase
Thursday, November 05, 2015 Canada's largest pipeline company reports a 15.7-percent rise in quarterly adjusted profit, helped by increased throughput as producers move more oil by pipelines.
Keystone Remains Locked: Elections Most Likely to Decide its Future
Thursday, October 29, 2015 Years of politicking has held up construction of Keystone XL pipeline, but the political winds are shifting and the heavy crude is making its way to refineries by other means.
Canadian Heavy Crude Slumps To Lowest In At Least A Decade
Wednesday, August 12, 2015 Heavy Canadian crude slumps to its lowest level in at least a decade after Enbridge closed two of its main pipelines in the United States because of a leak.
Enbridge Fourth-Quarter Profit Boosted By New Projects
Thursday, February 19, 2015 Enbridge says it returned to profit in the fourth-quarter as new projects entered service.
Enbridge's Midcoast Energy Partners Cuts Jobs As Nat Gas Volumes Decline
Monday, December 15, 2014 Enbridge's Midcoast Energy Partners business unit reduces workforce amid a drop in natural gas volumes in the pipeline.
Enbridge Eyes Mainline Oil Pipe Expansion If Demand Strong
Tuesday, September 30, 2014 Enbridge says it may have to build new pipeline capacity from its Superior, Wisconsin, storage hub if oil shipments from Canada and the Bakken shale field of North Dakota keep expanding.
Enbridge Says No Plans To Imitate Kinder Morgan Consolidation
Monday, August 11, 2014 Enbridge says it has no plans to imitate rival Kinder Morgan's $44B plan to consolidate its publicly traded units into a single company.
Enbridge Sees New Pipeline To US Gulf Operating In October
Friday, August 01, 2014 Enbridge reports a stronger-than-expected profit in 2Q, driven mainly by higher shipment volumes on the Mainline and on its regional oil sands systems.
Canada Approves Enbridge Pipeline To West Coast
Tuesday, June 17, 2014 The Canadian government approves the construction of Enbridge's $7.22 billion Northern Gateway pipeline.
Minister: Canada To Decide In June On Proposed Enbridge Oil Pipeline
Thursday, April 24, 2014 Canada will meet a mid-June deadline for its final decision on whether to authorize the construction of Enbridge's proposed Northern Gateway crude oil pipeline, a government minister says.
Enbridge Pipeline Expansion Delayed By Wait For US Permit
Friday, February 14, 2014 Enbridge's plan to expand the capacity of its Canada-to-US Alberta Clipper pipeline by 120,000 barrels per day have hit a snag, the company says.
Canada Regulator Approves Enbridge's Alberta Oil Pipeline Plan
Thursday, January 30, 2014 The National Energy Board recommended the federal government approve Enbridge's $1.61B plan to build an oil pipeline linking Edmonton to the province's largest storage hub at Hardisty.
Enbridge Pipeline Project Gets Boost From Alberta-BC Deal
Wednesday, November 06, 2013 Enbridge's proposed Northern Gateway pipe approval chances increase following a recent pipeline deal between Alberta and British Columbia.
U.S. FERC Judge Rules Seaway Crude Oil Pipeline Rates Too High
Monday, September 16, 2013 A U.S. Federal Energy Regulatory Commission judge has ruled that the rates on the Seaway pipeline were too high, landing an initial victory for crude oil shippers in a long-running legal battle.
Enbridge to Build $1.3B Canadian Oil Sands Pipeline Extension
Thursday, July 25, 2013 Enbridge says it will build a $1.3 billion extension to its Woodland crude line in northern Alberta to serve Imperial Oil's Kearl oil sands project.
US Allows Enbridge to Restart Oil Pipeline in Wisconsin
Monday, August 06, 2012 The US Department of Transportation allows Enbridge Energy to restart its Line 14, which leaked more than 1,000 barrels of oil in Wisconsin in July.