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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada-based energy pipeline major Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) continues to see progress on a number of capital growth projects such as its investment in the Gray Oak Pipeline in Texas, even as it strives to make regulatory headway on the U.S. segment of its Line 3 Replacement Project, the company said last week. Industrial Info is tracking more than $13.6 billion in Enbridge project activity, including $9.1 billion in Canada and $4.5 billion in the U.S.
Click on the image at right for a graph showing Enbridge's project activity by market region.
Enbridge has invested $700 million in the Gray Oak crude oil pipeline, which stretches from the Permian Basin and Eagle Ford to the Texas Gulf Coast, and is expected to come into service before the end of the year. Enbridge holds a 26.25% stake in the 900,000-barrel-per-day (BBL/d) pipeline, which is operated by Phillips 66. For more information, see Industrial Info's project report and October 28, 2019, article - Phillips 66 Grows Footprint Across Multiple Petroleum Sectors.
Enbridge also said it reached an agreement with shippers to place the Canadian segment of the $7 billion Line 3 Replacement Project into service in December with an interim surcharge. The 1,200-mile Line 3 crude oil pipeline replacement program would replace pipeline from Hardisty, Alberta, to Superior, Wisconsin. Canadian oil producers who are constrained by logistics issues see the project as a means to get more of their product to the U.S. Built in the 1960s, Line 3 currently operates well short of its 760,000-BBL/d capacity due to safety concerns, according to SourceWatch. The replacement project would restore operating rates to an average of 760,000 BBL/d.
However, the U.S. segment of the replacement project, which crosses parts of North Dakota, Minnesota and Wisconsin, is another story, having been mired in regulatory issues for several months in Minnesota.
Following a favorable court decision regarding the project's environmental impact statement (EIS), the Minnesota Department of Commerce has been directed to complete spill modelling work to remediate the EIS, Monaco said. "We're pleased that this regulatory process is moving forward so we can bring this integrity replacement project into service as soon as possible."
The timing of the construction start in Minnesota still depends on pending regulatory and permitting issues, according to the company. For more information, see Industrial Info's project report.
Enbridge also expects to increase the incremental capacity of its Mainline oil pipeline by 100,000 BBL/d by the end of the year. The Mainline pipeline moves about 2.85 million BBL/d out of Western Canada to Superior, Wisconsin.
On the natural-gas front, Enbridge announced in September a memorandum of understanding with NextDecade Corporation (NASDAQ:NEXT) (The Woodlands, Texas) to jointly pursue development of the Rio Bravo Pipeline and other natural gas pipelines in south Texas to move gas to Next Decade's planned Rio Grande liquefied natural gas (LNG) project in Brownsville, Texas. Rio Bravo would move 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to the LNG project. For more information, see Industrial Info's project report on the $285 million first phase of the natural gas pipeline.
Construction of NextDecade's $4.5 billion Rio Grande LNG Terminal is planned to kick off in mid-2020, with completion in mid-2024. For more information, see Industrial Info's project report.
Enbridge reported generally accepted accounting procedures (GAAP) earnings of C$949 million (US$718 million) for the just-ended quarter, compared with a loss of C$90 million (US$68 million) in third-quarter 2018.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Click on the image at right for a graph showing Enbridge's project activity by market region.Enbridge has invested $700 million in the Gray Oak crude oil pipeline, which stretches from the Permian Basin and Eagle Ford to the Texas Gulf Coast, and is expected to come into service before the end of the year. Enbridge holds a 26.25% stake in the 900,000-barrel-per-day (BBL/d) pipeline, which is operated by Phillips 66. For more information, see Industrial Info's project report and October 28, 2019, article - Phillips 66 Grows Footprint Across Multiple Petroleum Sectors.
Enbridge also said it reached an agreement with shippers to place the Canadian segment of the $7 billion Line 3 Replacement Project into service in December with an interim surcharge. The 1,200-mile Line 3 crude oil pipeline replacement program would replace pipeline from Hardisty, Alberta, to Superior, Wisconsin. Canadian oil producers who are constrained by logistics issues see the project as a means to get more of their product to the U.S. Built in the 1960s, Line 3 currently operates well short of its 760,000-BBL/d capacity due to safety concerns, according to SourceWatch. The replacement project would restore operating rates to an average of 760,000 BBL/d.
However, the U.S. segment of the replacement project, which crosses parts of North Dakota, Minnesota and Wisconsin, is another story, having been mired in regulatory issues for several months in Minnesota.
Following a favorable court decision regarding the project's environmental impact statement (EIS), the Minnesota Department of Commerce has been directed to complete spill modelling work to remediate the EIS, Monaco said. "We're pleased that this regulatory process is moving forward so we can bring this integrity replacement project into service as soon as possible."
The timing of the construction start in Minnesota still depends on pending regulatory and permitting issues, according to the company. For more information, see Industrial Info's project report.
Enbridge also expects to increase the incremental capacity of its Mainline oil pipeline by 100,000 BBL/d by the end of the year. The Mainline pipeline moves about 2.85 million BBL/d out of Western Canada to Superior, Wisconsin.
On the natural-gas front, Enbridge announced in September a memorandum of understanding with NextDecade Corporation (NASDAQ:NEXT) (The Woodlands, Texas) to jointly pursue development of the Rio Bravo Pipeline and other natural gas pipelines in south Texas to move gas to Next Decade's planned Rio Grande liquefied natural gas (LNG) project in Brownsville, Texas. Rio Bravo would move 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to the LNG project. For more information, see Industrial Info's project report on the $285 million first phase of the natural gas pipeline.
Construction of NextDecade's $4.5 billion Rio Grande LNG Terminal is planned to kick off in mid-2020, with completion in mid-2024. For more information, see Industrial Info's project report.
Enbridge reported generally accepted accounting procedures (GAAP) earnings of C$949 million (US$718 million) for the just-ended quarter, compared with a loss of C$90 million (US$68 million) in third-quarter 2018.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
