• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 8 hours Oil prices going down
  • 13 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 13 hours Another WTH? Example of Cheap Renewables
  • 3 days Bullish and bearish outlook for oil
  • 39 mins What If Canada Had Wind and Not Oilsands?
  • 1 day Trump Hits China With Tariffs On $50 Billion Of Goods
  • 3 days Rolls Royce shedding 4,600 jobs
  • 2 days When will oil demand start declining due to EVs?
  • 13 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 days Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 6 hours China & India in talks to form anti-OPEC
  • 3 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 31 mins Australia mulls LNG import
  • 12 hours The Permian Mystery
  • 6 hours No LNG Pipelines? Let the Trucks Roll In
  • 1 day Gazprom Exports to EU Hit Record
Who Gets Hold Of Russia’s Key Oil Hub?

Who Gets Hold Of Russia’s Key Oil Hub?

25 percent of the Novorossiysk…

Venezuela Forced To Shut Down Production As Operations Fall Apart

Venezuela Forced To Shut Down Production As Operations Fall Apart

Venezuela’s economic, social and political…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for US-based Divergente LLC consulting firm, and a member of the Creative Professionals Networking Group.

More Info

Go or No-Go Expected For Enbridge Pipeline By November

Enbridge pipeline construction

The Canadian government announced on Thursday that it will hold itself to a two-month deadline for a yay or nay on the controversial Northern Gateway and Line 3 oil pipelines—two projects that would alleviate pipeline capacity issues currently choking Canadian oil companies.

Another pipeline project that requires Canadian Prime Minister Justin Trudeau’s approval is Kinder Morgan’s Trans Mountain pipeline extension, for which a decision is due mid-December. Unfortunately for Enbridge, news broke earlier this month that it would likely be one project or another to get approved—not both, as people familiar with Trudeau’s plans said that it was his goal to approve at least one new oil pipeline project during his first term, and that the Kinder Morgan project was favored. The idea was that Trudeau wanted to reject some and approve some in order to restore confidence in newer regulatory rules and prop up Canada’s troubled economy.

“Given the complexity of the proposed Northern Gateway Pipelines project, this extension provides the Government with additional time to consider next steps in response to the Federal Court of Appeal decision,” Alexandre Deslongchamps, a spokesman for Carr, said on Thursday.

The Northern Gateway project is estimated at US$6 billion, and had already been approved by the previous government, only to have its permits invalidated earlier this year after a court found that the government failed to consult the country’s indigenous people—a scenario that is all too familiar in the U.S. with the Dakota Access Pipeline project that has stalled after relentless indigenous protests.

Seeing the writing on the wall, Enbridge has already made plans to pick up its marbles and go home, and has a plan to spend $28 billion to take over Spectra Energy. By design, the purchase would help Enbridge wean itself away from Canada and toward a more accommodating market in the U.S.—but given the DAPL controversy, we’re not sure they’ll find it there either.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News