22:26:15 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 928,930,660
Close 2016-05-12 C$ 51.69
Market Cap C$ 48,016,425,815
Recent Sedar Documents

Globe says Enbridge restarts pipeline operations

2016-05-13 06:43 ET - In the News

The Globe and Mail reports in its Friday, May 13, edition that Enbridge is restoring operations to its pipelines in Alberta, after fires halted the movement of an estimated 900,000 barrels of crude a day on the Enbridge system. The Globe's Kelly Cryderman and Jeffrey Jones write that the pipelines that connect bitumen resources to key North American oil markets, all of which run underground, were not damaged in the fires that continue to blaze. However, some Enbridge above-ground valve sites were damaged and power outages continue to be an issue. Chief executive officer Al Monaco hopes many issues will be resolved by the weekend. Enbridge's regional pipeline system in the Fort McMurray area was shut down May 4. The shutdown was due to the danger from the fire itself as well as upstream production outages, says Mr. Monaco. The company also evacuated staff from its Cheecham terminal. On Wednesday, Enbridge resumed operations at the Cheecham terminal, and now has also begun injecting volumes into its Waupisoo pipeline, which runs from the Cheecham terminal to Edmonton, as well as the Athabasca pipeline, which stretches from south of Fort McMurray to near Hardisty.

© 2024 Canjex Publishing Ltd. All rights reserved.