Enbridge approves US$1.4 billion expansion across its Mainline and Flanagan South systems
Enbridge is adding Canadian egress to key US refining markets.
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Enbridge Inc. has released a statement reiterating its strategic priorities, demonstrating the visibility of its growth outlook, and reaffirming its financial outlook.
According to Reuters, an Illinois federal judge on Monday dismissed a lawsuit accusing pipeline operator Enbridge of blocking a rival from building a terminal to ship Canadian crude oil by barge from the Chicago area to refineries in the Midwest and the Gulf of Mexico.
Tenaris and IGI Poseidon, a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A., have joined forces to advance the hydrogen transportation via ultra-deep offshore pipelines.
Enbridge Inc. has announced its 2025 financial guidance and an annualised common share dividend increase from US$3.66 to US$3.77 per share, or 3.0%, effective 1 March 2025.
According to Reuters, a wave of consolidation in the top US shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by over-producing. Pipeline firms also have embraced acquisitions over new construction.
Enbridge Inc., in collaboration with Microsoft, is utilising artificial intelligence (AI) to drive advancements in safety, emissions reduction, and asset optimisation across its operations.
Enbridge Inc. has announced that it will build, own, and operate crude oil and natural gas pipelines in the US Gulf of Mexico for the recently sanctioned Kaskida development.
Deal includes related Wexpro companies.
Transactions valued at US$14.0 billion – all cash consideration of US$9.4 billion plus assumption of debt.
