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Enbridge Inc hits 'headwind' on Line 9 project and takes writedown on commodity prices

CALGARY – Despite beating analysts’ expectations, Enbridge Inc.’s second quarter earnings were hampered by delays to its Line 9 pipe reversal and a $440-million writedown on its goodwill. 473 more words

Breaking

Enbridge raises rates on Canadian crude exports to Texas

Just as the door cracks open for speculative Canadian crude exports to the U.S. Gulf Coast, Enbridge Inc. is pushing it shut.

For shippers without contracts, the pipeline operator raised its rate to send Canadian heavy crude from Hardisty, Alberta, to Texas by 35 cents to $9.02 a barrel on July 1, the biggest increase since the company’s Flanagan South pipeline started operating in December. 414 more words

Energy

Enbridge keeps the faith in Gateway as pipeline debate rages

Al Monaco has not lost his hankering for a Timmies coffee and still savours his “absolutely black, dark roast” cup of joe.

“That’s the only way you get the true taste of the coffee,” says Monaco. 1,743 more words

Energy

Local activists pleased Enbridge oil pipeline will be tested

Off-Island environmentalists backed by local municipalities are satisfied the National Energy Board finally announced that Enbridge will be required to do hydrostatic testing regarding the proposed flow reversal of an oil pipeline. 496 more words

Off-Island Gazette

Enbridge downgrade has investors asking who’s next

The riskiest and fastest growing part of Canada’s investment-grade bond market is about to get a lot bigger.

Standard & Poor’s became the second of three major credit rating firms to downgrade Enbridge Inc. 734 more words

Energy

Enbridge Inc seeks more opportunities after $30 billion asset transfer

Enbridge Inc. is planning more investments in Canada’s natural gas and power sector as well as pursuing international opportunities after freeing up cash with the sale Friday of its assets to a subsidiary. 678 more words

Energy

Kai Nagata: Is Northern Gateway B.C.'s National Energy Program?

It’s a program that has engendered distrust and alienation between Ottawa and the West: a symbol of the government’s bloody-minded determination to dictate energy policy from Central Canada. 692 more words

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