Enbridge – Oil & Gas 360

US Army Corps to narrow list of emergency energy projects by next week

March 25, 2025

(Investing) – WASHINGTON – The Army Corps of Engineers will complete as soon as next week its revised list of energy projects that could be fast-tracked under President Donald Trump’s declaration of a national energy emergency, a U.S. Army Corps official told Reuters. The Army Corps, a federal engineering service with permitting authority over projects involving wetlands and waterways, posted in

Canada’s Enbridge earmarks $2 billion till 2028 for Mainline network upgrade

March 4, 2025

(BOE Report) – Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 billion in its liquids and natural gas systems, with $2 billion allocated to its Mainline network through 2028. The Mainline is North America’s largest crude oil pipeline network and transports light and heavy crude oil, natural gas liquids and refined products from Edmonton, Alberta, to various

Enbridge expects its core profit to rise in 2025

December 3, 2024

(Oil Price) – Canada’s pipeline giant Enbridge Inc. expects its core profit to be higher in 2025 compared to 2024 levels, thanks to the expected strong utilization of its assets and the contribution of recently acquired U.S. natural gas assets. Enbridge on Tuesday announced its first guidance for the core profit – or adjusted earnings before interest, income taxes, and depreciation (EBITDA) –

Enbridge sanctions pipelines to support bp’s new deepwater U.S. Gulf of Mexico development

October 3, 2024

(Oil & Gas 360) – HOUSTON, Oct. 3, 2024 /PRNewswire/ – Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company (“bp”). The crude oil pipeline, named the Canyon Oil Pipeline System

Enbridge misses fourth-quarter profit estimates on lower Mainline tolls

February 9, 2024

Nasdaq Pipeline operator Enbridge ENB.TO missed fourth-quarter profit estimates on Friday, hurt by lower tolls related to its Mainline crude pipeline system and a decrease in earnings from the company’s gas segment. Enbridge reached a toll agreement for Mainline with oil shippers last year, which was lower than the previous one, after scrapping earlier plans for long-term contracts. Quarterly adjusted core

Enbridge eyes France for offshore wind investments and will avoid US

January 11, 2024

Nasdaq WINNIPEG, Canada – Canadian pipeline company Enbridge ENB.TO is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. Rising costs have led to canceled projects in the U.S. and Britain while putting others at risk. The setbacks for offshore wind

Enbridge ordered to close oil pipeline on Wisconsin tribal land

June 19, 2023

Oil Price A U.S. District judge has ordered Canadian pipeline giant Enbridge to close within three years parts of the Line 5 oil pipeline crossing tribal land in Wisconsin and to pay around $5 million for trespassing. The Bad River Band of Lake Superior Chippewa, a Native American tribe, last month sought an immediate shutdown in court, due to erosion of the Bad River

Enbridge books Q4 loss due to goodwill impairment charge

February 10, 2023

Oil Price Canada’s pipeline operator Enbridge (NYSE: ENB) reported on Friday a loss for the fourth quarter of 2022, compared to a profit for the same period of 2021, due to a non-cash goodwill impairment of US$1.86 billion (C$2.5 billion) in its gas transmission reporting unit. Enbridge, which moves large volumes of oil and gas in North America –including on

Enbridge announces Al Monaco’s retirement; names Greg Ebel as President and CEO

October 3, 2022

BOE Report CALGARY, AB, Oct. 3, 2022 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced Al Monaco’s retirement as President and Chief Executive Officer and from its Board of Directors effective January 1, 2023. Concurrent with this announcement and after considering internal and external candidates, the Board of Directors has appointed Greg Ebel, currently

Enbridge wins battle to keep crude pipeline case out of Michigan court

August 22, 2022

Yahoo Finance Enbridge Inc. won a battle in its fight with Michigan’s governor to keep its Line 5 pipeline operating after a judge ruled the legal battle over the oil conduit belongs in federal court. Judge Janet Neff of the US District Court for Western Michigan rejected Governor Gretchen Whitmer’s effort to move the case to state court, pointing

Enbridge reports strong 2021 financial results and advances strategic priorities

February 11, 2022

Enbridge Reports Strong 2021 Financial Results and Advances Strategic Priorities …

Enbridge sees two options for pipelines after Canadian regulatory pushback

December 8, 2021

World Oil CALGARY (Bloomberg) –Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator. North America’s largest pipeline company will either pursue a modified, incentive-based version of its current arrangement, which allows producers to decide the volumes they

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