Articles Tagged "enbridge"

Upgrader: September 3

By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]

Enbridge Inc. announces partnership with BP PLC for a scaled back plan

Enbridge Inc. announces a deal with BP PLC for a scaled-back plan to bring oil sands crude to the Texas Gulf Coast, a key market where Canadian producers are attempting to make inroads against Venezuelan, Mexican and Persian Gulf competitors.  Mr. Wuori was quoted as saying: We felt it’s really important to get the capacity [...]

Enbridge, BP all set to build a pipeline from Illinois to Texas

The biggest pipeline company of Canada, Enbridge Inc., and BP Plc has agreed to build a delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas. The Canadian Association of Petroleum Producers said: Production from Alberta’s oil-encrusted sands may jump to 2.77 million barrels a day by 2015 [...]

Upgrader: August 6

By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude.  Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]

TransCanada ahead in the race to Gulf

TransCanada,  after securing enough shipping commitments to go ahead with a massive expansion to its Keystone pipeline, looks ahead of Enbridge in the race to Gulf. For full news, click here