Enbridge, Trans Mountain Pipeline: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CRUDE OIL
EIA: U.S. Crude Oil Stockpiles Lowest Since March 2020 - U.S. crude oil stockpiles fell last week to slightly more than 459 million barrels, their lowest since March 2020, U.S. Energy Information Administration (EIA) data showed on Wednesday. (Reuters)

PIPELINES
Enbridge Says Additional Permit Requirements Will Slow Line 5 Tunnel Project - The U.S. Army Corps of Engineers' decision to undertake a tougher environmental review of Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) proposed oil pipeline tunnel under the Great Lakes will delay the start of construction on the project, the company said on Wednesday. The company had planned to start building the $500 million tunnel along the lakebed of the Straits of Mackinac, connecting Lakes Huron and Michigan, this year. The tunnel will house the Line 5 oil pipeline, which ships 540,000 barrels per day of oil and refined products from Superior, Wisconsin, to Sarnia, Ontario, and is a key link in Enbridge's crude export network. Subscribers to Industrial Info's Global Market Intelligence Pipelines Database can click here for the project report. (Reuters)

Trans Mountain Resumes Tree Clearing for Canada Oil Pipeline - The Canada Energy Regulator (CER) this week lifted a stop work order on Trans Mountain Corporation (Calgary) that restricted tree clearing and mowing across the oil Trans Mountain oil pipeline project to protect the environment and migratory birds. The order issued on June 3 required Trans Mountain to investigate and find the root cause of two incidents related to contractor oversight issues in May. "The CER has now lifted the Order, and Trans Mountain is proceeding with the implementation of the action plan prior to restarting clearing work," Trans Mountain said in a statement dated June 21. Click here for a list of related project reports. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
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.