Ticker: ENB – Oil & Gas 360

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

September 6, 2016

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 companies will combine in a stock-for-stock transaction which values Spectra common stock at approximately US$28 billion, based on Enbridge’s common

With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion

December 11, 2015

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 Alberta Clipper pipeline. Environmental groups, including the Sierra Club, and tribal groups sought to stop the expansion of the Alberta

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

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 into the United States. As of August, imports from Canada were almost three times as much as imports from all

Enbridge Acquires 24.9% Interest in UK Offshore Wind Project

November 5, 2015

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 the project is expected to be CAD $750 million (£370 million) inclusive of all interest during construction, transaction costs and

Enbridge Reports Third Quarter Financial Results

November 5, 2015

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 quarter and nine months adjusted earnings were $399 million and $1,372 million, respectively, or $0.47 and $1.62 per common share,

Pipelines Figure Prominently in Canada’s PM Race

October 5, 2015

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 Liberals at 30% and the New Democratic Party (NDP) at 29%, putting the Conservatives, the party of Canada’s current prime

Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary

August 11, 2015

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 in Enbridge Energy Company, Inc., a wholly-owned U.S. subsidiary of EPI, to a wholly-owned subsidiary of Enbridge Inc. (“U.S. Reorganization”).

Enbridge Reports Q2 Earnings

July 31, 2015

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 noted) Second quarter earnings were $577 million and six months earnings were $194 million, both including the impact of a

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