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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.
*Energy Transfer, Enbridge Inc end partnership in Gulf access project. *Energy Transfer aims to move volumes from Enbridge and others. HOUSTON, Nov 6- Energy Transfer Partners LP shelved a new Louisiana- only leg of its Eastern Gulf Crude Access pipeline project over lack of shipper interest, Chief Operating Officer Marshall McCrea told analysts on Wednesday.
Nov 6- Enbridge Inc, Canada's largest pipeline company, on Wednesday reported higher third-quarter earnings, with increased volumes on its crude pipelines offsetting higher costs. Excluding one-time items, profit rose 4 percent to C $278 million, or 34 Canadian cents per share, from C $267 million, or 34 Canadian cents a share, a year earlier.
Oct 28- The rate of safety-related incidents on federally regulated pipelines in Canada doubled over the last decade, while the rate of reported spills and leaks was up threefold, according to an investigative report by Canada's national broadcaster.
*Eyeing sale of half of Montney and Duvernay shale acreages in Canada. BEIJING, Oct 25- Sinopec Group wants to sell half of its two biggest shale gas acreages in Canada to spread costs and accelerate their development, as the Chinese energy company focuses increasingly on return of investment, an executive said.
“Some industries are a lot more immune to the government shutdown than others,” said Cramer.
Enbridge president & CEO Al Monaco says his company has added 30 percent to his staff in the past few years. He also discusses the U.S. resistance to Canadian crude oil, and weighs in on when North America will be energy independent.
Crude fell sharply on Wednesday, with U.S. oil ending the session barely above $105 as weak China data renewed concerns over demand growth.
Instability in Egypt and Syria bolstered crude oil on Tuesday, as supply concerns stemming from geopolitical turmoil momentarily overrode fears about the global economy.
Crude oil prices ended near flat in a sluggish day of trading on Tuesday as stronger equity markets put a floor under prices and Brent's premium over U.S. crude slid below $6.
The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline.
Enbridge CEO Al Monaco said Enbridge has $15 billion in hand to put into pipeline expansion.
Think the past week was busy? Wait until you get a load of what’s on Cramer’s radar for this week.
US crude advanced on Tuesday on hopes that Washington could be edging closer to a deal to avert the so-called fiscal cliff.
Al Monaco, Enbridge president and CEO, discusses his company's plans to increase pipeline capacity from North Dakota to refineries in the Midwest and Canada, with Mad Money host Jim Cramer.
In this uncertain market, you have to be able to fall back on big, long-term themes that are too powerful to be swept away by the endless idiocy in Washington, said Cramer.
Some of the names on the move ahead of the open.
Nov 5- Enbridge Income Fund Holdings Inc:. *Sets a cash dividend of $0.103 per common share. *Source text* Further company coverage.
VANCOUVER, Nov 4- In this era of pipelines spanning thousands of miles, the idea of shipping crude across North America in railway cars might seem a quaint throwback to the oil pioneering days of the West.
SUMNER, Texas-- Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. In the minds of some landowners approached by TransCanada for land, the company has broken the code.