CALGARY, June 28, 2018 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB), Enbridge Energy Partners, L.P. (NYSE:EEP) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (collectively referred to as Enbridge) announced today that the Line 3 Replacement Project has been approved by the Minnesota Public Utilities Commission (PUC). The PUC granted Enbridge a Certificate of Need for the project and approved Enbridge's preferred route with minor modifications and certain conditions. Commenting on [Read more]
Headlines
Waterous Energy Fund Closes First Fund at Hard Cap of $1.4 Billion
CALGARY, June 28, 2018 /PRNewswire/ - Waterous Energy Fund ("WEF") today announced the final closing of its first fund, Waterous Energy Fund, L.P. (the "Fund"), exceeding its original target of $1.0 billion and hitting the Fund's hard cap of approximately $1.4 billion. Adam Waterous, CEO, said: "We sincerely appreciate the confidence that our investors have shown in our team and our existing portfolio. We are thrilled to be partners with a select group of institutional investors with [Read more]
US gas pipeline industry wants help beating back green groups
The United States should help the natural gas industry push back against opposition by environmental groups to pipeline projects by adopting new regulations or laws that favor infrastructure, backers of the industry said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have had a difficult time in recent years getting shipments to some regions, including fuel-hungry New England, as environmental lawsuits by states, green groups and property [Read more]
TransCanada Replenishes Capacity Available Under At-The-Market Equity Program
CALGARY, Alberta, June 28, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that it has replenished the capacity available under its existing $1.0 billion, or its U.S. dollar equivalent at-the-market equity program (ATM Program). This will allow the Company to issue additional common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion, for a revised total of $2.0 billion, or [Read more]
Canada’s goal is to become world’s cleanest producer of LNG: Carr
OTTAWA - Natural Resources Minister Jim Carr says Canada's pathway to a clean energy future includes not only transitioning to renewable sources of energy but also technology that makes traditional fossil fuels cleaner to produce and burn. That path was laid out Thursday in a new report which points not only to developing more wind and solar power, but also to the environmental and economic benefits of Canada producing, shipping and burning oil and natural gas that is cleaner and more cost [Read more]
Alberta economy has recovered two-thirds of recession losses: government
EDMONTON - Alberta's finance minister says the province's economic picture is brightening with a lower-than-expected deficit last year thanks in part to higher resource revenues. The government's 2017-18 annual report shows Alberta ended the fiscal year with an $8-billion deficit. That's $2.5 billion lower than what was expected in last year's budget. The NDP government says it's on track to return to balanced books by 2023-24. "While we're happy to see our economy on the right track [Read more]
LNG Canada says local support has cut risk of delays, overruns
A strong stakeholder engagement program at a liquefied natural gas export plant on Canada's West Coast has helped pare the risk of delays and cost overruns for the C$40 billion project, a project executive told Reuters. LNG Canada, currently being reviewed by its joint venture partners ahead of a final investment decision, has focused hard on ensuring government, indigenous people and local communities are on board with the project, Susannah Pierce, LNG Canada's director of external [Read more]
Minnesota regulator signals support of Enbridge Line 3 oil pipeline
Three of five members of the Minnesota Public Utilities Commission said on Thursday they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers. The two other commissioners did not explicitly say they would vote in favor of the certificate but approval appeared to be imminent. It was not yet clear what conditions would be placed on the approval or whether the commission would [Read more]
Predictions of pipeline protest violence derided by organizers from both sides
CALGARY - Pro-pipeline activists who hit the streets in increasing numbers this year to try to drown out anti-pipeline picketers plan to continue to confront their adversaries, even in the face of predictions of protest line violence. Stay-at-home mom and part-time activist Nicole Wapple, 37, of Red Deer, Alta., has been posting information on social media and occasionally taking part in protests for about two years since co-founding Rally4Resources, a self-described grassroots [Read more]
Yangarra Provides Operations Update
CALGARY, June 28, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update. The Company commissioned its 100% owned Ferrier West facility on June 26th, which has increased current production to more than 10,000 boe/d. The Ferrier West facility includes 20 mmcf/d of compression and a 5,000 bbl/d oil treating facility. The facility was constructed in 35 days with costs of $3 million for the compression facility and $1 million for the oil [Read more]