Enbridge

Enbridge | Energy Services | Industrywide Issues | Jobs | M&A | Spectra Energy

Enbridge Axing 1,000 (Mostly) Spectra Energy Jobs
March 24, 2017March 24, 2017

Last September MDN reported on a midstream deal with major implications for the Marcellus/Utica: Canadian pipeline operator Enbridge Inc. announced an all-stock deal to buy out pipeline operator Spectra Energy, based in Houston, for $28 billion (see Canadian Enbridge Buying US Spectra Energy for $28B). Spectra has a number of critical pipeline infrastructure projects under way or planned in the Marcellus/Utica region, including the planned Access Northeast pipeline to New England, the mighty NEXUS pipeline planned to span Ohio, the currently under construction Algonquin Incremental Marketing (AIM) pipeline project, and three projects (Access South, Adair Southwest and Lebanon Express) under way to expand one of the largest natural gas pipelines in the U.S. (and in the northeast)–the Texas Eastern Transmission (Tetco) pipeline. The merger was completed in February (see Spectra Energy is No More – $28B Merger with Enbridge Complete). Unfortunately, this week Enbridge announced they are axing around 1,000 jobs (6% of the workforce), to “address the overlap” and optimize “synergies” in the newly-combined company. Most of the 1,000 jobs being axed are from the Spectra workforce in the Houston area. We wonder how many top managers were “overlap” and “synergy optimized?” Yeah, likely none…
Read More “Enbridge Axing 1,000 (Mostly) Spectra Energy Jobs”
Enbridge | Energy Services | Industrywide Issues | M&A | Spectra Energy

Spectra Energy is No More – $28B Merger with Enbridge Complete
February 28, 2017February 28, 2017

Last September MDN reported on a midstream deal with major implications for the Marcellus/Utica: Canadian pipeline operator Enbridge Inc. announced an all-stock deal to buy out pipeline operator Spectra Energy, based in Houston, for $28 billion (see Canadian Enbridge Buying US Spectra Energy for $28B). Spectra has a number of critical pipeline infrastructure projects under way or planned in the Marcellus/Utica region, including the planned Access Northeast pipeline to New England, the mighty NEXUS pipeline planned to span Ohio, the currently under construction Algonquin Incremental Marketing (AIM) pipeline project, and three projects (Access South, Adair Southwest and Lebanon Express) under way to expand one of the largest natural gas pipelines in the U.S. (and in the northeast)–the Texas Eastern Transmission (Tetco) pipeline. The update is that as of yesterday, Spectra Energy is no more. The merger is complete, and Spectra’s stock has stopped trading, and the name on the door has changed. Yes, this is a big, hairy deal for our region…
Read More “Spectra Energy is No More – $28B Merger with Enbridge Complete”
Enbridge | Energy Services | Industrywide Issues | M&A | Spectra Energy

Spectra, Enbridge Shareholders Approve $28B Merger
December 20, 2016December 20, 2016

Combined infrastructure – click for a larger version

In September MDN told you about the proposed deal by Canadian pipeline operator Enbridge Inc. to buy out pipeline operator Spectra Energy (based in Houston) in an all-stock deal (see Canadian Enbridge Buying US Spectra Energy for $28B). Spectra has a number of critical pipeline infrastructure projects under way or planned in the Marcellus/Utica region, including the planned Access Northeast pipeline to New England, the mighty NEXUS pipeline planned to span Ohio, the currently under construction Algonquin Incremental Marketing (AIM) pipeline project, and three projects (Access South, Adair Southwest and Lebanon Express) under way to expand one of the largest natural gas pipelines in the U.S. (and in the northeast)–the Texas Eastern Transmission (Tetco) pipeline. This is a big deal for our region. Last week the shareholders of both companies voted to approve the proposed buyout/merger. Provided everything goes according to plan, the marriage will take place in 1Q17…
Read More “Spectra, Enbridge Shareholders Approve $28B Merger”
Enbridge | Energy Services | Industrywide Issues | M&A | Spectra Energy

Canadian Enbridge Buying US Spectra Energy for $28B
September 7, 2016September 7, 2016

Combined infrastructure – click for larger map

Another big hairy (midstream) deal with implications for the Marcellus/Utica. Yesterday Canadian pipeline operator Enbridge Inc. announced an all-stock deal to buy out pipeline operator Spectra Energy (based in Houston). Spectra has a number of critical pipeline infrastructure projects under way or planned in the Marcellus/Utica region, including the planned Access Northeast pipeline to New England, the mighty NEXUS pipeline planned to span Ohio, the currently under construction Algonquin Incremental Marketing (AIM) pipeline project, and three projects (Access South, Adair Southwest and Lebanon Express) under way to expand one of the largest natural gas pipelines in the U.S. (and in the northeast)–the Texas Eastern Transmission (Tetco) pipeline. Does a Canadian pipeline company heavily involved in shipping crude via pipelines buying a U.S. company that ships natural gas via pipelines sound familiar? It should. TransCanada bought out Columbia Pipeline Partners two months ago–another case of a Canadian company buying into the bountiful U.S. Marcellus/Utica shale midstream (see TransCanada and Columbia Pipeline Tie the Knot Today). Here’s the low down on Enbridge’s play to buy Spectra Energy, which would form another mega midstream company to rival Kinder Morgan and Williams…
Read More “Canadian Enbridge Buying US Spectra Energy for $28B”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Ohio | Pipelines | Spectra Energy | Statewide OH

NEXUS Gas Pipeline Pre-Files with FERC, New Details Come to Light
January 9, 2015January 9, 2015

In September 2012, three companies–DTE Energy, Spectra Energy and Enbridge–formed a joint venture to build a new Utica Shale pipeline from Ohio through Michigan and eventually into Canada, delivering Utica Shale gas to Midwestern markets (see New Utica Shale Pipeline to Midwest Announced). The new pipeline, called NEXUS Gas Transmission, will cost $1.5 billion to build, begin in Columbiana County, OH and cross through 11 Ohio counties and 3 Michigan counties in total (see list below). Some of the details were revealed last year when the Akron Beacon Journal filed an open records request (see OH Route of Proposed NEXUS Gas Pipeline Revealed). On December 30, NEXUS finally filed what’s called a “pre-filing” with the Federal Energy Regulatory Commission (FERC). We have a copy of that pre-filing document below, along with extracts (new details) and a new map showing where the pipeline is due to go…
Read More “NEXUS Gas Pipeline Pre-Files with FERC, New Details Come to Light”
Anti-Drilling/Fossil Fuel | Crime | Enbridge | Energy Services | Industrywide Issues | Pipelines

FDS? Michigan Man Tries to Stop Pipeline by Crawling Inside It
December 19, 2014December 19, 2014

Fracking Derangement Syndrome (FDS) is a dangerous disease. Most often it attacks those who grew up watching Captain Planet on Saturday mornings (one of the risk factors). FDS creates all sorts of weird behaviors in its victims. The disease recently struck again–this time infecting a 36 year-old Michigan man. The disease manifested by causing the man (the Green candidate for the U.S. Senate in Michigan) to crawl inside of a pipeline under construction by Enbridge and stay there for 10 hours, creating a danger to himself and those around him…
Read More “FDS? Michigan Man Tries to Stop Pipeline by Crawling Inside It”
Anti-Drilling/Fossil Fuel | Enbridge | Energy Services | Industrywide Issues | Pipelines | Regulation

Marcellus Gas Heading North: Canadian Pipeline Gets “Green” Light
January 31, 2014January 31, 2014

Seems like today is midstream day on MDN. Many of our stories revolve around pipelines and processing plants, including our lead about MarkWest (be sure to give it a read). Here’s an interesting story about a pipeline project in Canada that has a Marcellus tie-in. Enbridge Gas Distribution wants to expand their natural gas pipeline in the Toronto area, spending upward of C$686 million to do it. The “greens” of Canada (garden variety fossil fuel-hating anti-drillers) objected. The greens’ objection #1: If we just turn our thermostats down low, we won’t need the extra gas. The Ontario Energy Board said: Nope. Not buying that one. Objection #2: This pipeline will bring in that evil, nasty, fracked Marcellus Shale gas and kill us all because it pollutes water (in the U.S.) and releases fugitive methane into the atmosphere (global warming, heeelp!). Again, the Ontario Energy board said: Nope. Not buying that one either.

Below is the full story about the pipeline. Embedded in it is the response by the calm, wise heads from the Ontario Energy Board to the greens, responding to them on the shale gas issue:
Read More “Marcellus Gas Heading North: Canadian Pipeline Gets “Green” Light”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Ohio | Pipelines | Spectra Energy | Stark County | Statewide OH | Utica Shale

NEXUS Pipeline Route Through Stark County, OH
June 18, 2013June 18, 2013

Last week MDN told you about the proposed Ohio route of the planned NEXUS Gas Transmission natural gas pipeline, a $1.5 billion project that will run from Ohio to Michigan and eventually to Canada–delivering Utica Shale gas to Midwestern markets (see OH Route of Proposed NEXUS Gas Pipeline Revealed). Ever so gradually more pieces of the puzzle are falling into place on where, exactly, the pipeline will run. In a Stark County, OH article, for example, we learn the strategy is to use existing power line rights of way and the new pipeline will likely cross through Washington, Nimishillen, Marlboro and Lake townships in Stark on its way from Kensington–where the new M3 Midstream gas processing plant is almost ready to go online.

Here’s the Stark County piece of the NEXUS pipeline route puzzle:
Read More “NEXUS Pipeline Route Through Stark County, OH”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Ohio | Pipelines | Spectra Energy | Statewide OH | Utica Shale

OH Route of Proposed NEXUS Gas Pipeline Revealed
June 10, 2013June 10, 2013

Last September MDN told you about a new $1.5 billion Utica Shale natural gas pipeline that would run from Ohio through Michigan and eventually into Canada, delivering Utica Shale gas to Midwestern markets (see New Utica Shale Pipeline to Midwest Announced). The project is called the NEXUS Gas Transmission (NGT) pipeline and is being built by DTE Energy, Enbridge amd Spectra Energy. Since the pipeline was announced, we’ve had precious few details on the proposed route. Until now…
Read More “OH Route of Proposed NEXUS Gas Pipeline Revealed”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Lorain County | Medina County | Ohio | Pipelines | Spectra Energy | Utica Shale

Nexus Pipeline May Also Run Through Lorain & Medina Counties, OH
May 10, 2013May 11, 2013

The Nexus Gas Transmission line keeps popping up in the news. Read More “Nexus Pipeline May Also Run Through Lorain & Medina Counties, OH”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Ohio | Pipelines | Spectra Energy | Stark County | Summit County

Nexus NatGas Pipeline to Run Through Akron/Canton Area
May 7, 2013May 6, 2013

Last September MDN told you about a newly announced major Utica Shale natural gas pipeline that would run from Ohio through Michigan and into Canada (see New Utica Shale Pipeline to Midwest Announced). The project, called the Nexus Gas Transmission system, is a joint venture between DTE Energy, Spectra Energy and Enbridge. Although details of its planned route have still not been disclosed, the Akron Beacon Journal is reporting the pipeline will run through several communities in the Akron-Canton area.

An update on the project from the Beacon Journal:
Read More “Nexus NatGas Pipeline to Run Through Akron/Canton Area”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Pipelines | Spectra Energy

Surprise! EcoNuts Object to Proposed Utica Shale Pipeline
September 6, 2012September 6, 2012

On Tuesday MDN brought you the news of a major new Utica Shale gas pipeline that will be built from Ohio through Michigan and into Canada by DTE Energy, Enbridge Inc. and Spectra Energy Corp (see this MDN story). It didn’t take long for anti-drillers, like EcoWatch, to announce their opposition.

This is what passes for news on MSNBC:

Read More “Surprise! EcoNuts Object to Proposed Utica Shale Pipeline”
DTE Energy | Enbridge | Energy Services | Industrywide Issues | Pipelines | Spectra Energy | Utica Shale

New Utica Shale Pipeline to Midwest Announced
September 4, 2012September 4, 2012

Three companies have formed a joint venture to build a new Utica Shale pipeline from Ohio through Michigan and eventually into Canada, delivering Utica Shale gas to Midwestern markets. The three companies are DTE Energy—a Detroit-based energy company, Enbridge—Canada’s largest natural gas distribution company, and Spectra Energy—one of North America’s largest pipeline companies and a member of the Fortune 500 list. The partners plan an open season to lock in customers for the new pipeline later this year. The pipeline won’t be built and in service until late 2015 at the earliest.

From the joint press release issued this morning:

Read More “New Utica Shale Pipeline to Midwest Announced”
Enbridge | Energy Services | Pennsylvania | Statewide PA

Enbridge Building a Pipeline from Southern PA Marcellus Shale to Chicago
March 22, 2010

Canadian oil and gas pipeline company Enbridge has announced plans to build a pipeline from the Marcellus Shale in Southern PA to the Chicago area.

From the Enbridge press release*:

Enbridge Inc. today announced it intends to develop a natural gas liquids (NGL) pipeline from the Marcellus Shale in Southern Pennsylvania and Northern West Virginia to markets in the Midwestern United States.

The proposed pipeline is currently targeted to deliver into existing NGL infrastructure in the Chicago area including the Aux Sable facility which processes gas from Alliance pipeline and fractionates NGLs from various supply sources. Additional NGL fractionation capacity is available at the plant.

“The Chicago area has substantial markets to accommodate the large volumes of NGLs that are expected to be associated with future Marcellus production. Other NGL markets, including Ontario, can also be accessed from Chicago utilizing existing infrastructure. This proposed pipeline will provide an excellent long term solution for development of this promising play, as it will enable NGL production to grow unconstrained for many years,” said Stephen J.J. Letwin, Executive Vice President, Gas Transportation & International, Enbridge Inc.

“Enbridge has extensive knowledge and expertise in the areas of NGL fractionation, transportation and marketing. With this proposed pipeline, we are uniquely positioned to help Marcellus producers obtain greater value for their future NGL production” Mr. Letwin said.

Enbridge will develop, construct, own and operate the planned NGL pipeline. The Company is currently evaluating various routing and market alternatives and anticipates moving forward with an open season in the second quarter 2010.

*Enbridge (Mar 22) – Enbridge Announces Plans to Hold Open Season for Proposed Natural Gas Liquids Pipeline from Marcellus Shale to Chicago