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Enbridge Inc (ENB.N)

ENB.N on New York Stock Exchange

17 Jan 2017
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$0.60 (+1.39%)
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Latest Key Developments (Source: Significant Developments)

National Energy Board suspends review of Northern Gateway Sunset clause extension request
Friday, 8 Jul 2016 04:30pm EDT 

National Energy Board: Will also suspend review of any filings from northern gateway regarding compliance with 209 conditions attached to project .National Energy Board says suspends review of northern gateway sunset clause extension request.  Full Article

Enbridge says it remains "fully committed" to Northern Gateway
Thursday, 30 Jun 2016 02:48pm EDT 

Enbridge Inc :Enbridge says it remains "fully committed" to building Northern Gateway pipeline, working with partners to determine next steps.  Full Article

Canadian wildfires to cut oil output by 400,000 bpd in June - EIA
Wednesday, 8 Jun 2016 12:36pm EDT 

The Canadian wildfires will cut production by an average of 400,000 barrels per day (bpd) in June, the U.S. Energy Information Administration said on Wednesday. : The disruptions to oil production averaged about 800,000 bpd in May, with a daily peak of more than 1.1 million bpd, EIA said. . Fort McMurray, Alberta, an oil production hub with a population of 90,000 people, was evacuated in early May as an uncontrolled wildfire ripped through some neighborhoods, destroying about 10 percent of the city's homes. [nL1N18Z1C5] . "While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area's oil sands production sites continues," EIA said. . To read the full report, click on: ((http://1.usa.gov/1UErB5n)) (Reporting By Jarrett Renshaw) ((jarrett.renshaw@thomsonreuters.com;)(646)(223-6193;)).  Full Article

Canadian regulator recommends conditional approval of Kinder Morgan pipeline
Thursday, 19 May 2016 04:23pm EDT 

National Energy Board: Neb report recommends conditional approval of trans mountain expansion project .Board found that benefits of project would outweigh residual burdens.  Full Article

Canada fire evacuees to get re-entry timeline Wednesday
Wednesday, 18 May 2016 02:54pm EDT 

: Alberta says conditional timeline for re-entry of residents to fire-struck Fort McMurray will be announced on Wednesday For main story: [nL2N18F0EV] (Reporting By Allison Martell) ((Allison.Martell@thomsonreuters.com;)).  Full Article

Canada Energy Minister: will have talks with energy companies soon
Tuesday, 17 May 2016 03:45pm EDT 

: Canada energy minister says will have talks soon with energy companies about impact of spreading Alberta fire Further company coverage: [nL2N18E0M9 ] (Reporting by Ottawa bureau) ((leah.schnurr@thomsonreuters.com;)).  Full Article

Canada wildfire outages could impact Mainline volumes-Enbridge CEO
Thursday, 12 May 2016 04:01pm EDT 

Enbridge Inc : Canada wildfire outages could have impact on Mainline volumes, should not be significant if restarts go as planned (Reporting by Nia Williams in Calgary) ((julie.gordon@reuters.com;)).  Full Article

Enbridge reports Q1 adjusted earnings of $0.76 per share
Thursday, 12 May 2016 07:00am EDT 

Enbridge Inc : Enbridge working to restart regional oil sands pipelines as risk from wildfires in northeastern Alberta moderates . Since shutdown of Enbridge's facilities, deliveries from co's regional oil sands pipelines reduced by about 900,000 barrels per day . Currently expects that system capacity will be restored over the next few days subject to ongoing access to facilities . On may 10, 2016, Enbridge announced acquisition of a 50% interest in EMF, a french offshore wind development company, for $282 million . Impact of the wildfires on the financial performance of the company cannot be accurately estimated at this time . Upon closing of deal, Enbridge,EDF en to co-develop 3 large-scale offshore wind farms that would produce a combined 1,428 (MW) of power . Disruption of service on regional oil sands and downstream pipelines not expected to significantly impact financial performance in 2016 . Commencing with q1 of 2016, Enbridge has adopted a new financial reporting format . From Q1 2016, new financial format focuses on operating, financial performance of five major business lines . Average deliveries on mainline system ex-Gretna and on Lakehead pipeline system in q1 of 2016 were over 2.5 million barrels per day . Enbridge reports first quarter adjusted earnings of $663 million or $0.76 per common share . Q1 adjusted earnings per share C$0.76 . Q1 earnings per share C$1.38.  Full Article

Enbridge inspects sites for safe restart after wildfires
Tuesday, 10 May 2016 11:49am EDT 

Enbridge Inc : Enbridge inspects sites for safe restart after wildfires . Crews have been inspecting facilities and pipelines in Fort Mcmurray region . As fires retreat in some areas, Enbridge workers have been able to conduct field assessments of several of its sites . Currently finalizing plans to repair and restart system and working to assess available utility power supply needed to safely return to service . Inspections of Athabasca and Cheecham terminal facilities indicate they have been largely unaffected by fires . As of May 10, Enbridge Cheecham facility remains closed . All enbridge pipelines in and out of Cheecham terminal continue to be isolated and shut down . Limited volumes are currently flowing on Line 19, initiating out of Kirby Lake facility .Athabasca terminal continues to operate with a minimum staff complement..  Full Article

Enbridge to acquire 50 pct interest in Eolien Maritime France
Tuesday, 10 May 2016 02:45am EDT 

Enbridge Inc : Enbridge to acquire 50% interest in french offshore wind development company .Agreed to acquire 50% interest in Eolien Maritime France Sas, for an investment of C$282 million.  Full Article

Enbridge may face tough legal battle to keep 60-yr-old pipeline running

Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, potentially shutting down a conduit that has been in operation since the 1950s, legal experts said.