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Enbridge Inc

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  • TORONTO, Jan 21- Canada's main stock index rallied on Wednesday after the central bank cut its benchmark rate in a shock move, helping boost shares of energy companies as well as interest-sensitive banks and other financial issues. "The Bank of Canada's surprise cut to its overnight rate will help to buffer against the impact on employment, household incomes and...

  • Enbridge Inc's Illinois- to-Oklahoma Flanagan South line, coupled with Enterprise Products Partners' Oklahoma-to-Texas Seaway Twin line, are delivering their first large-volume shipments to the biggest refinery market in the United States, most of which is built to handle viscous oil like that produced in Canada. "We are connected all the way from Canada to...

  • LONDON, Jan 14- California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields. The California rig count is the lowest since October 2009, when producers were struggling with low prices in the aftermath of the global financial crisis and deep recession that began a...

  • NEW YORK, Jan 12- The U.S. oil storage trade is back- and may be bigger than ever. Six years ago, the financial crisis led to a sudden surplus of oil and a collapse in prices, spurring a classic low-risk trade that's set to make a comeback: buying crude to store in onshore tanks or floating tankers, since oil costs $8 a barrel less now than what futures buyers will pay in a year.

  • VANCOUVER, Jan 6- British Columbia has banned the transport of oil on pipelines built specifically for proposed liquefied natural gas terminals, in an effort to quell fears that those lines could eventually be converted to carry oil sands crude to coastal markets. As part of its Energy East project, TransCanada Corp plans to convert hundreds of miles of...

  • NEW YORK, Jan 6- As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower. From the Middle East, top exporter Saudi Arabia is offering crude at discounted prices in an attempt to defend...

  • On Tuesday, the Commerce Department's Bureau of Industry and Security clarified for the first time that the prohibition on co-mingling was not absolute, issuing guidelines that allow "incidental" contact for foreign oil using the same infrastructure as domestic grades. Canada, the largest oil exporter to the United States, sends 3.4 million barrels a day to...

  • WINNIPEG, Manitoba, Dec 11- Canada's indigenous peoples will not hesitate to use courts, political channels and activism to halt pipelines, mines or other resource projects they oppose, the new head of the country's main aboriginal group said on Thursday. Major projects that are being challenged by aboriginal groups include Enbridge Inc's proposed Northern...

  • Canada says Pacific pipeline route now up to energy firms Thursday, 11 Dec 2014 | 12:30 PM ET

    Industry Minister James Moore said it was now up to Enbridge Inc and Kinder Morgan Inc to ensure the success of the projects from the Alberta oil sands to the Pacific province of British Columbia. Aboriginal protesters and environmental activists are trying to block Kinder Morgan's C $5.4 billion plans to nearly triple the capacity of its Trans Mountain...

  • VANCOUVER, Dec 4- Shares of Enbridge Inc surged more than 12 percent to a record high on Thursday, a day after the company outlined plans to transfer ownership of its Canadian pipelines to an affiliate and boost its dividend by 33 percent. The plan will allow Calgary- based Enbridge to accelerate dividend growth and improve funding costs for new projects,...

  • Calgary, Alberta- based Mawer Investment Management Ltd has C $26 billion in assets under management, up from just C $5 billion in 2008.. "We have obviously a lot of clients in Canada that want to have a portion of their investments in Canadian dollars, so we do," Mawer President Michael Mezei told Reuters. Its large-cap Canadian Equity Fund has outperformed the...

  • CALGARY, Alberta, Nov 20- TransCanada Corp's plans for a pipeline to ship Alberta oil to Canada's East Coast face a new hurdle after Quebec said this week the project must meet seven conditions before it will be allowed to proceed through the province. Quebec's demands for the C $12 billion project, known as Energy East, follow a failed vote in the U.S. Senate aimed at...

  • CALGARY, Alberta, Nov 20- TransCanada Corp's plans for a C $12 billion pipeline to. Quebec's demands for the project, which TransCanada calls Energy East, come just days after a failed vote in the U.S. Senate aimed at forcing presidential approval of TransCanada's controversial Keystone XL pipeline, which would move crude from the Alberta oil sands to the U.S. Gulf...

  • Canadian crude imports likely to keep falling -NEB Thursday, 13 Nov 2014 | 4:44 PM ET

    Canada has the world's third-largest crude reserves behind Saudi Arabia and Venezuela, most of which are located in the oil sands in northern Alberta. The closure of Shell Canada's Montreal East refinery in Quebec, and Imperial Oil Ltd's refinery in Dartmouth, Nova Scotia, has also reduced demand for imported crude. NEB data showed that the U.S. shale boom has...

  • WASHINGTON, Nov 12- The U.S. State Department must halt plans to expand an oil sands pipeline route from Canada to Wisconsin until possible environmental harm has been closely studied, several green groups said in a lawsuit filed on Wednesday. An Enbridge Inc proposal for its Line 3 pipeline from Alberta to Wisconsin is part of a $7.5 billion upgrade on its system...

  • WASHINGTON, Nov 12- The U.S. State Department must halt plans to expand an oil sands pipeline route from Canada to Wisconsin until possible environmental harm has been closely studied, several green groups said in a lawsuit filed on Wednesday. An Enbridge Inc proposal for its Line 3 pipeline from Alberta to Wisconsin is part of a $7.5 billion upgrade on its system...

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • CANADA STOCKS-TSX climbs as resource prices rise Tuesday, 28 Oct 2014 | 4:56 PM ET

    TORONTO, Oct 28- Canada's main stock index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks. Suncor Energy Inc was the biggest positive driver, adding 2.2 percent to C $39, while Canadian Natural Resources Ltd gained...

  • DIARY - Top economic Events to Nov 6 Friday, 24 Oct 2014 | 8:01 PM ET

    FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. FRANKFURT- ECB Vice-president Vitor Constancio and Supervisory Board Chair Daniele Nouy to hold a press conference on the results of the Comprehensive Assessment- 1030 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik...

  • DIARY - Top economic Events to Nov 5 Thursday, 23 Oct 2014 | 8:01 PM ET

    MILAN, Italy- ECB Executive Board member Peter Praet speaks at the International Banking Conference "Structural changes in the banking sector" organized by Bocconi University- 0820 GMT. FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. LONDON- Bank of England Deputy Governor...