Monday, September 27

Enbridge Inc.

Commodities, Enbridge Inc., ESG, FP Energy, Green bonds, Oil & Gas

Enbridge doubles’greenium’ with Canadian SLB sale

Breadcrumb Trail Links Oil & Gas FP Energy Commodities The greenium'was truly outstanding,' says Vice President of Treasury Max Chan Author of the article: Bloomberg News Esteban Duarte With the Enbridge deal, SLB sales have reached US$58 billion, data show. Photo by Dan Riedlhuber/Reuters files Article content Pipeline giant Enbridge Inc. said it doubled the price advantage — known as greenium — it got by selling its first sustainability-linked bonds in Canadian dollars compared to a similar transaction in the US market three months ago. Advertisement This advertisement has not loaded yet, but your article continues below. Article content The firm sold $1.1 billion of 12-year sustainability-linked bonds at 165 basis points over government securi...
Commodities, Enbridge Inc., energy, FP Energy, Oil & Gas, oil and gas

Enbridge’s US$3 billion Moda Midstream purchase raises questions about SPOT project for Canadian producers

Breadcrumb Trail Links Oil & Gas News FP Energy Commodities Enbridge's deal in Texas expands the company's footprint in the heart of the largest oilfield in the US Author of the article: Geoffrey Morgan Pipelines run to Enbridge Inc.'s crude oil storage tanks at their tank farm in Cushing, Oklahoma, March 24, 2016. Photo by Nick Oxford/Reuters file photo Article content CALGARY – Enbridge Inc., North America's largest pipeline company, is spending US$3 billion to buy North America's largest oil export terminal and expand its customer base among Texas oil producers, leaving questions about the future of an export terminal designed for Canadian oil producers. Advertisement This advertisement has not loaded yet, but your article continues below. Article...
Commodities, Enbridge Inc., energy

Enbridge CEO doesn’t see major problems dealing with potential Biden administration

Article content continuedIn May, Enbridge deferred $1 billion in capital spending and announced plans to cut costs by $300 million as plummeting oil prices dealt a blow to the ailing energy industry in Canada, the world's fourth-largest crude producer.In the liquids pipelines unit, Mainline throughput was about 400,000 barrels per day (bpd) lower sequentially, but throughput has been improving steadily and in-line with the company's expectations, Monaco said.The company continues to expect Mainline volumes to be under-utilized by 200,000 to 400,000 bpd in the third quarter and by 100,000 to 300,000 bpd in the fourth quarter, before returning to full utilization in early 2021.On an adjusted per share basis, the company earned 56 cents, while analysts' on average had expected 55 cents, ac...