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February 15, 2013
06:52 EDTETP, ENBEnbridge, Energy Transfer join to provide crude oil pipeline access to Gulf
Enbridge (ENB) and Energy Transfer (ETP) announced that they have entered into an agreement on the terms for the joint development of a project to provide crude oil pipeline access to the eastern Gulf Coast refinery market from the Patoka, Illinois hub. The project will involve the conversion from natural gas service to crude oil service of certain segments of pipeline that are currently in operation as part of the natural gas system of Trunkline Gas Company, a subsidiary of Energy Transfer Partners. This agreement is subject to approval by the Federal Energy Regulatory Commission of Trunkline's July 2012 request to abandon certain designated segments of pipeline from natural gas transmission service. The converted 30-inch diameter crude oil pipeline is expected to be in service by 2015. It will have capacity of up to 420,000 to 660,000 barrels per day depending on crude slate and the level of subscriptions received in an open season to be conducted in the near future. Enbridge and Energy Transfer would each own 50% of the joint venture entity. Enbridge's participation in the venture is subject to a minimum level of commitments being obtained in the open season, and on completion of due diligence.
News For ENB;ETP From The Last 14 Days
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November 27, 2015
13:20 EDTENBEnbridge to hold a conference call
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November 25, 2015
16:32 EDTENBEnbridge acquires 103-MW West Virginia wind project
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November 17, 2015
08:10 EDTENB, ETPMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
06:24 EDTENBEnbridge reduces workforce in Canada, U.S. by 5%, Reuters says
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November 16, 2015
06:49 EDTETPETP, Sonoco announce $2.23B dropdown of remaning 68.42% interest in Sunoco
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05:28 EDTETPStocks with implied volatility movement; HD ETP
Stocks with implied volatility movement; Home Depot (HD) 26, Energy Transfer Partners (ETP) 49 according to iVolatility.
November 15, 2015
16:12 EDTENBCanadian ban on coastal tanker traffic may impact Enbridge, Bloomberg says
Canada plans to ban oil tanker traffic along British Columbia's northern coast, reports Bloomberg, arguing that the move adds "another hurdle" to Enbridge's proposed Northern Gateway pipeline. Reference Link

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