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TSX · Liquids pipes, gas transmission, utilities · 20 desk pieces in archive
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Woodfibre LNG said October 22 a Deetken Insight report puts nearly $13.6 billion in Canadian economic output from construction so far and $11.6 billion in projected government revenue over 40 years. Enbridge Inc. owns 30 percent. The project is about 75 percent complete. That is an impact study, not first cargo.
Enbridge said Tuesday its $1.2 billion Aspen Point expansion on Westcoast is complete and in service, adding 535 million cubic feet a day. The company hosted an event at CS-1B Wǫchiigii south of Taylor. That is gas on an existing corridor. It is not Sunrise, not CGL Phase 2, and not a CNW earnings note.
On September 15 BC Hydro and Woodfibre LNG told Brackendale owners the 2015 500 kV step-down option will not proceed. A second 138 kV line will stay in the existing right of way. Enbridge still holds 30 percent of the Squamish plant.
Reuters said Wednesday WTI fell $3.40 to $102.43 and Brent fell $2.92 to $105.83 after Saudi Arabia offered extra Asian cargoes through ship-to-ship transfers off Oman. Yanbu loadings stay suspended. EIA showed a 640,000-barrel U.S. crude draw.
Reuters said Tuesday that crude loadings at Saudi Arabia's Red Sea port of Yanbu were suspended and that some late-September cargoes to Europe were cancelled. WTI rose $4.44 to $105.83. Brent rose $3.07 to $108.75. Both prints are the highest since May 19.
September 15 is the dividend record date for Keyera ($0.5625), Tourmaline (C$0.50), Vermilion ($0.135), and Ovintiv (US$0.30). Enbridge said yesterday Line 5 returned to service over the weekend. Keyera has not restated the $30 million Line 5 marketing estimate.
In a September 14 update posted at 11:03 a.m. Central Time, Enbridge said teams safely returned Line 5 to service over the weekend using a temporary bypass around the damaged section near Saxon, Wisconsin. Site remediation continues. The Wisconsin DNR's September 9 halt request is still outstanding.
On September 14 Enbridge said it closed its common-share offering, issuing 44,735,000 shares including the full over-allotment for about C$3.0 billion of gross proceeds. The company said net proceeds will partly fund announced acquisitions. The US$2.55 billion Tallgrass crude deal is still aimed at a later-2026 close.
Enbridge's last Line 5 note remains the September 12 update at 4:51 p.m. Central. The bypass passed its overnight pressure test and return to service is underway under a PHMSA plan. There is no Sunday or Monday company update. The company has not said the line is flowing.
September 15 is the dividend record date for Keyera ($0.5625), Tourmaline (C$0.50), Vermilion ($0.135), and Ovintiv (US$0.30). Keyera's $30 million Line 5 marketing estimate is still open. Enbridge's last note, Saturday at 4:51 p.m. Central, did not confirm flow.
Woodfibre LNG CEO Luke Schauerte said June 12 the Squamish plant was 65 percent complete after the powerhouse module arrived, with startup targeted for 2027. Enbridge holds 30 percent. Pacific Energy holds 70 percent. Nameplate is about 2.1 million tonnes a year.
In a September 12 update posted at 4:51 p.m. Central Time, Enbridge said crews successfully pressure-tested the temporary bypass overnight and are working through the regulated process of finalizing Line 5's return to service under a PHMSA-approved plan. The company did not say the line is flowing.
In a September 11 evening update Enbridge said mechanical construction of the Line 5 temporary bypass is finished and that a pressure test ran that day before line fill under a PHMSA-approved plan. The company still targeted return to service September 12. As of Saturday morning there is no confirmation the line is flowing.
On September 9 DNR Secretary Karen Hyun asked Enbridge to stop temporary bypass work near Saxon, citing missing wetland and waterway approvals. Enbridge said Friday it is still working the spill site and the bypass in parallel toward a September 12 return to service.
The September 9 Physical Activities Regulations amendments send interprovincial and international pipelines, plus designated power lines, to a Canada Energy Regulator assessment instead of an integrated Impact Assessment Act panel.
On July 10 the B.C. Environmental Assessment Office amended Cedar LNG's certificate to 500 MMcf per day of liquefaction, about 3.75 million tonnes a year, up from 3.0. Pembina and the Haisla Nation still target in-service in late 2028.
Enbridge's September 12 restart target is the next print that matters. Keyera has $30 million of 2026 Marketing margin riding on it. WTI is still in the mid-$80s and AECO is still cheap while Kitimat runs.
On September 9 Enbridge announced a definitive agreement to acquire Tallgrass Energy's crude oil business for US$2.55 billion cash. Assets include 75 percent of the Pony Express pipeline, Rockies storage, and marketing arm Stanchion Energy. Close is expected later in 2026.
In a September 10 update Enbridge said parallel work continues on site remediation and the temporary bypass near Saxon, Wisconsin. Water and air monitoring show no impacts. Line 5 remains shut with a September 12 return-to-service goal.
Keyera revised September 3 its 2026 Marketing margin guidance to $320 million to $350 million, citing Line 5 and AEF. Enbridge's September 10 update kept a September 12 restart target. Keyera's dividend record date is Monday September 15.