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Canada: Enbridge Reports First Quarterly Loss in Two Years
2014-02-17 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Enbridge Inc. (ENB), the largest transporter of Canadian crude to the U.S., reported its first quarterly loss in two years on hedging contracts. The fourth-quarter net loss was C$267 million ($244 million), or 32 cents a share, compared with a profit of C$146 million, or 18 cents, a year earlier, the Calgary-based company said today in a statement. Excluding one-time items, the company reported a 44-cent per-share profit, missing the 45-cent average of 14 analysts estimates compiled by Bloomberg....
Tags: two
years
canada
reports
Enbridge Pipeline Joins Keystone XL in Wait for U.S. Permit
2014-02-17 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A second Canadian pipeline project to the United States is now facing delays as operator Enbridge Inc awaits a U.S. presidential permit, a development that may strain prices for Alberta oil sands crude and relations between the two countries. Enbridge, Canada's largest pipeline company, said it no longer expects to get the permit amendment it needs to expand its Alberta Clipper line in time to start pumping extra oil on it at midyear as it had planned. It applied for the permit in November 2012....
Enbridge reports Q4 loss
2014-02-14 18:06:31| Oil & Gas - Topix.net
Enbridge Inc. had a $267-million net loss in the fourth quarter as it recognized lower values for some of its assets and weaker operating results from energy services due to market conditions.
Enbridge Pipeline Protesters Found Guilty in Michigan
2014-02-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Lansing State Journal: Three protesters who attached themselves to excavators last summer at an Enbridge Inc. pipeline construction site were convicted Friday on obstruction and trespassing charges. An Ingham County Circuit Court jury deliberated about nine hours over two days before finding Lisa Leggio, Barbara Carter and Vicci Hamlin guilty of misdemeanor trespassing and resisting and obstructing police, a maximum two-year felony. Ingham County Circuit Judge William Collette canceled bond for all three and remanded...
Tags: found
michigan
guilty
pipeline
Enbridge gets approval to upgrade Toronto area natural gas distribution system
2014-01-31 08:03:58| Oil & Gas - Topix.net
Enbridge says it has received approval from the Ontario Energy Board to upgrade the backbone of its natural gas distribution system in the Greater Toronto Area.
Tags: system
area
natural
distribution
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