Calgary-based Enbridge Inc., following a route by other North American pipeline operators, on Tuesday agreed to acquire the remaining stakes in three North American units for about $7 billion, bringing all of its natural gas and liquids assets under one umbrella.
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Briefs — DAPL Review
In a court-ordered review, the U.S. Army Corps of Engineers concluded that the Dakota Access Pipeline poses “no significant potential impact” to nearby hunting and fishing resources, and its crossing of the Missouri River does not create a “disproportionately high and adverse” risk to nearby Native American tribes, some of whom oppose the $3.8 billion, 1,200-mile crude oil pipeline. A federal judge ordered the review in June 2017, but allowed the pipeline to continue operations. Sponsor Energy Transfer Partners LP reported this June that the pipe, which has transported more than 100 million bbl, is moving 500,000 b/d, or close to half of the Bakken Shale’s daily production.
Enbridge to Acquire Spectra MLP, Cites FERC Tax Policy Change
Enbridge Inc. will simplify its corporate structure by acquiring affiliated master limited partnership (MLP) Spectra Energy Partners LP (SEP) in an all-stock transaction valued at $3.3 billion (C$4.3 billion), the companies announced Friday.
Enbridge Targeting 2H2019 Completion of Line 3 Crude Oil Project
Enbridge Inc. set a second-half 2019 target last Friday to complete its biggest and most hotly contested pipeline project, replacing and raising capacity on its Line 3 oil export conduit from Alberta across the U.S. Midwest.
Enbridge Selling BC, Alberta Natural Gas Midstream Operations for $3.3B
Production gathering pipelines and processing plants in Canadian natural gas hot spots changed hands Wednesday, when Enbridge Inc. sold field operations in northern British Columbia (BC) and Alberta for C$4.3 billion ($3.3 billion).
Enbridge’s Controversial Oil Pipeline Replacement Approved by Minnesota Regulators
Enbridge Inc. set a second half 2019 target for completing the replacement of its aging Line 3 oil export pipeline after winning a hotly contested approval on Thursday from the Minnesota Public Utilities Commission.
New York Urges FERC to Act on Safety Risks of Colocated Algonquin Pipes, Nuclear Plant
Four state agencies in New York are calling on FERC to better address the safety issues that officials claim were uncovered by an independent risk analysis of the Algonquin Incremental Market (AIM) pipeline’s proximity to a nuclear power plant in Westchester County.
FERC Ruling Leads Williams, Enbridge to Buy Out MLPs; Cheniere Eyeing Partnership Takeover
Pipeline giants Williams and Enbridge Inc. on Thursday announced they are simplifying their corporate structures in reaction to a FERC ruling in March that removed master limited partnership (MLP) tax benefits. Natural gas exporter Cheniere Energy Inc. also said it wants to acquire its partnership.
Valley Crossing Delays Construction of Tex-Mex NatGas Pipeline Project
Rough weather in the nearby Gulf of Mexico (GOM) has delayed the start of construction of a portion of Valley Crossing Pipeline LLC’s Border Crossing Project, according to the company.
Enbridge Shedding Midstream, Renewable Assets In Effort to Strengthen its Balance Sheet
Calgary-based Enbridge Inc. on Wednesday announced that it has agreed to sell its Midcoast Operating, L.P. (Midcoast) midstream unit and related subsidiaries to AL Midcoast Holdings, LLC (AL Midcoast), an affiliate of ArcLight Capital Partners, LLC., in an all-cash deal for US$1.12 billion.