CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - June 18, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) today announced the final scope and cost estimate for their Line 3 Replacement (L3R) Program is approximately $7.5 billion. The L3R Program was announced on March 3, 2014, following receipt of shipper support, and involves replacement of all segments of Line 3 between Hardisty, Alberta and Superior, Wisconsin with new pipe using the latest available [Read more]
News
Former Canadian ambassador not confident Keystone project will get approval in U.S.
MONTREAL - A former Canadian ambassador says he's less confident than he was two years ago about a positive reaction in the U.S. to the Keystone XL pipeline project. Raymond Chretien says he's beginning to see signs that lead him to believe that the Americans may reject the project The former ambassador says President Barack Obama wants to go down in U.S. history books as an environmentally friendly president. Chretien points to a recent announcement by the Obama administration to back [Read more]
Enbridge Announces Executive Changes
CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) announced today that J. Richard Bird, Executive Vice President, Chief Financial Officer and Corporate Development, plans to retire by the end of 2014. Upon Mr. Bird's retirement, his responsibilities will be split into two separate roles of chief financial officer and chief development officer. Enbridge also announced the appointment of John Whelen as Senior Vice President, Finance and of Vern Yu as Senior Vice [Read more]
B.C. First Nations unite to fight feds on Northern Gateway approval
VANCOUVER - The president of the Haida Nation says B.C. First Nations are uniting to launch a sweeping legal challenge against the federal government over its approval of the Northern Gateway pipeline.Peter Lantin says the dispute has gone beyond the project proposed by Calgary-based Enbridge (TSX:ENB).He says it's become the focus of the battle for aboriginal rights in a province where the Crown has dragged its feet for generations on settling claims.Lantin says the federal approval has unified [Read more]
Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Artek Exploration Ltd. (TSX:RTK) - Artek Exploration Ltd. ("Artek" or the "Company") is pleased to provide the following operational update. During the first quarter at Inga, the Company experienced some mechanical issues during the water based multi-stage fracture stimulation program performed on its second horizontal Doig well of the year at A5-11-88-23W6M as disclosed in a prior press release. Following breakup, Artek was able to complete [Read more]
Enerplus Announces Increase in Contingent Resource Estimate, Future Drilling Inventory and Improved Well Economics at Fort Berthold
CALGARY, June 18, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that as a result of our operational performance and continued technical assessment, including a detailed analysis of well data within the region, the future outlook of the Fort Berthold Bakken and Three Forks core area has significantly improved. Highlights of our assessment include: Increase in Contingent Resource: Our internal best estimate of economic contingent resources, as [Read more]
British Columbians support a refinery, new poll says
Greenest Refinery in the World Proposed for British Columbia North Coast VANCOUVER, June 17, 2014 /CNW/ - Today's federal government approval of the Northern Gateway Pipeline brings into focus the need to protect Canada's West Coast from a raw bitumen spill by building a refinery. In a poll released today by Pacific Future Energy Corporation (Pacific Future Energy) over 2/3 of British Columbians expressing an opinion believe that "refining oil in Canada means more value is added and [Read more]
Enbridge plots next steps after Northern Gateway gets federal nod
CALGARY - Shovels won't likely be hitting the ground on Enbridge Inc.'s Northern Gateway pipeline anytime soon, but observers say the company has time, given the trajectory of oilsands growth and Asian crude demand.The multibillion-dollar project that will stretch from the Alberta oilsands to the B.C. coast, passed a key hurdle on Tuesday, with the federal government's approval. But the company itself has already signalled it would be in no rush to proceed if it got Ottawa's blessing, as it must [Read more]
Saskatchewan happy with Northern Gateway approval
REGINA - Energy Minister Bill Boyd says the federal government's conditional approval of the Northern Gateway project is good news for Saskatchewan, even though the province isn't pumping oil into the pipeline. Boyd says the pipeline will help address concerns Saskatchewan has about overall capacity and about getting oil to international markets. He says better international prices will lessen what is called the differential — the price gap between light and heavy oil. The minister says [Read more]
Alberta lauds federal Northern Gateway approval as good first step
EDMONTON - Alberta Premier Dave Hancock says the decision to approve the Northern Gateway pipeline is a step forward for the country. Hancock says the pipeline to ship Alberta crude to the B.C. coast is critical to diversifying Canada's economy and paying for goods and services, like health care. The federal government has given approval to the line, provided 209 conditions can be met, including engagement with First Nations and other communities along the pipeline route. Former federal [Read more]