CALGARY - Enbridge Inc. is further expanding its reach into the U.S. market with a US$2.55-billion deal to buy the crude oil business of Tallgrass Energy LP. The acquisition includes a 75 per cent interest in the Pony Express Pipeline, a 460,000-barrel-per-day system that connects oil from the Rockies region to Cushing, Okla., a major storage hub. It also gets Enbridge a 51 per cent interest in the Powder River Gateway system, about 8.4 million barrels of storage capacity across nine [Read more]
Headlines
Enbridge Announces CDN$2.6 Billion Bought-Deal Offering of Common Shares
The Canadian base shelf prospectus is accessible, and the Canadian prospectus supplement or any amendment will be accessible, within two business days through SEDAR+. CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets and CIBC Capital Markets, and including Scotiabank, BMO Capital Markets, TD [Read more]
Enbridge to Acquire Tallgrass’ Crude Transportation Business, Expanding Its Leading North American Crude Oil Franchise
CALGARY, AB, Sept. 9, 2026 /CNW/ -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of Tallgrass Energy, LP ("Tallgrass") to acquire its crude oil business which includes: 75% of Pony Express Pipeline (Pony Express), a 1,050-mile, ~460 kbpd crude system connecting Rockies production to Cushing, OK with direct access to ~500 kbpd of refining [Read more]
Conservatives Respond to Canada’s Carbon Capture Storage Announcement
“While the Liberal government is announcing a project to map deposits in the ground, they have still not removed a single anti-development law to get Canadian energy, critical minerals, and metals out of the ground. “Conservatives continue to call on the Carney Liberals to get out of the way and pass our economic action plan to save Canadian jobs and put more money back in Canadians’ pockets. Green-light the 500 projects awaiting federal permits, end the industrial carbon tax, repeal [Read more]
US natural gas output, demand to hit record highs in 2026 and 2027, EIA says
U.S. natural gas supply and demand will both rise to record highs in 2026 and 2027, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Wednesday. The EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027. The agency also projected domestic gas consumption will rise from a record 91.9 bcfd in 2025 to 92.2 bcfd in 2026 and 94.3 bcfd in 2027. The September projections [Read more]
US EIA hikes oil price forecasts as Iran war drains global stockpile
The U.S. Energy Information Administration raised its oil price forecasts for this year and next year on Wednesday, as global stockpiles fall rapidly under pressure from the loss of Middle Eastern supply in the ongoing Iran war. Sharply higher oil and fuel prices have been the most visible indicators of the toll on global energy markets from more than six months of the Iran war, in which Tehran has choked oil flows through the Strait of Hormuz and bombed neighboring energy infrastructure in [Read more]
US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
U.S. power consumption will rise to record highs in 2026 and 2027, driven by AI-hungry data centers and electrification, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Wednesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,270 billion kWh in 2026 and 4,349 billion kWh in 2027. Demand is surging in large part due to data centers dedicated to artificial intelligence and cryptocurrency, and [Read more]
Canadian pump prices creep higher as Mideast fighting escalates
CALGARY - Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time. The high-demand summer driving season winds down after Labour Day and refineries will soon switch to producing cheaper winter fuels. But international crude oil prices have surged above US$100 a barrel as fighting once again escalates in the Strait of Hormuz, a vital shipping route out of the Persian Gulf. Price-tracking website Gasbuddy.com says [Read more]
Building our way to net zero: Canada breaks ground on nation’s largest carbon capture and storage project
CLIVE, AB, Sept. 9, 2026 /CNW/ -- Canada is building the major projects needed to strengthen our energy sector, grow our economy, fight climate change, and reinforce our position as a global clean and conventional energy superpower. As Canada builds its way to net-zero emissions by 2050, investments in clean technologies and emissions-reducing infrastructure are helping drive economic growth while lowering emissions across key sectors. Carbon capture and storage (CCS) is key to [Read more]
Brent crude rises above $100 a barrel as Middle East conflict intensifies
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concernsabout oil flows from the region. Brent crude futures were up $2.01, or 2.05%, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19, while U.S. West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel. Brent crude prices have [Read more]
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