Enbridge Inc


  • Enbridge posts quarterly loss Friday, 14 Feb 2014 | 7:26 AM ET

    Feb 14- Enbridge Inc, Canada's largest pipeline company, reported a fourth-quarter loss, mainly due to losses on hedging contracts. The company posted a net loss of C $267 million, or 32 Canadian cents per share, compared with a profit of C $146 million, or 18 Canadian cents per share, a year earlier.

  • FACTBOX-JPMorgan's physical commodity trading Wednesday, 5 Feb 2014 | 12:58 PM ET

    Feb 5- Swiss trader Mercuria has become the front-runner to buy the physical commodities unit of JPMorgan Chase& Co, one of the most powerful oil and metals desks on Wall Street, two sources told Reuters.

  • CALGARY/ WASHINGTON, Feb 3- Cost overruns, logistical woes and regulatory uncertainty had already cast a shadow over the Canadian crude-by-rail boom even before a long-awaited report last week appeared to give a boost to the oil-train industry's main competitor, the Keystone XL pipeline.

  • CALGARY, Alberta, Jan 30- The National Energy Board, the regulator for Canada's major pipeline projects, on Thursday recommended the federal government approve Enbridge Inc's C $1.8 billion plan to build an oil pipeline linking Edmonton, Alberta, to the province's largest storage hub at Hardisty.

  • HOUSTON, Jan 29- Marathon Petroleum Corp, Valero Energy Corp and Phillips 66, the three largest U.S. independent refiners, reported quarterly results on Wednesday that topped Wall Street estimates as cheaper crude prices on the Gulf Coast helped profits.

  • CALGARY, Alberta, Jan 22- TransCanada Corp on Wednesday began delivering crude through a major new pipeline from Oklahoma to the Gulf Coast, commissioning a $2.3 billion project expected to help eliminate a bottleneck that has warped the U.S. oil market for three years.

  • CALGARY, Alberta, Jan 17- A coalition of environmental groups on Friday launched a legal challenge to the preliminary approval last month for Enbridge Inc's C $7.9 billion Northern Gateway pipeline project, filing suit to prevent Canada's government from using the approval in its final decision on the line.

  • LONDON, Jan 6- The rising number of serious accidents involving oil tank cars over the past 12 months suggests that shippers are underestimating the safety risk of transporting crude by rail. If the industry and regulators do not resolve these issues promptly, it is only a matter of time before a major disaster occurs in the United States.

  • CALGARY, Alberta, Dec 24- Imperial Oil Ltd has upped its cost estimate for the Mackenzie Gas Project in Canada's far north by about 40 percent because of rising prices for materials and labor, meaning the entire project would cost more than C $20 billion if it goes ahead.

  • CALGARY/ VANCOUVER, Dec 23- Canada's push to build its first major conduit for shipping oil to Asia took a step forward last week, but the government's fractious relations with the country's aboriginal First Nations still loom as a formidable obstacle to the project.

  • CALGARY/ VANCOUVER, Dec 19- Canadian regulators urged the government to approve the country's first overseas oil-export project on Thursday, concluding that Enbridge Inc's C $7.9 billion Northern Gateway pipeline plan posed little risk to the environment if the company complied with some 200 conditions.

  • CALGARY, Alberta, Dec 19- Canadian regulators recommended on Thursday that the federal government approve Enbridge Inc's C $7.9 billion Northern Gateway oil pipeline, provided the company meets a series of environmental, technical and socioeconomic conditions.

  • CALGARY/ OTTAWA, Dec 18- Enbridge Inc will learn on Thursday whether Canadian regulators will recommend approval of its proposed C $6 billion Northern Gateway oil pipeline, a project that has raised fierce opposition by environmentalists and aboriginals.

  • Lightning Round: Microsoft, Krispy Kreme & More Monday, 16 Dec 2013 | 6:43 PM ET

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  • CALGARY, Alberta, Dec 16- Kinder Morgan Energy Partners LP filed an application with Canadian regulators on Monday to nearly treble the capacity of its Trans Mountain crude oil pipeline to 890,000 barrels per day.

  • VANCOUVER, Dec 5- Canada must do more to build trust with aboriginal communities to win their support for resource projects such as oil pipelines and natural gas terminals, a government report said on Thursday.

  • VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.

  • VANCOUVER, Nov 25- A Canadian newspaper mogul is pushing ahead with a $27 billion plan to build an oil refinery on Canada's west coast, hoping to file for regulatory approval before year-end and with construction targeted for 2016..

  • Lightning Round: Wendy’s, Lions Gate & More Friday, 22 Nov 2013 | 6:39 PM ET

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  • VANCOUVER, Nov 6- A recent pipeline deal between Alberta and British Columbia is good news for Enbridge Inc's proposed Northern Gateway pipeline, the company's chief executive said on Wednesday.

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