CAPP projects $40B in capex this year – almost double 2020, but half of 2014

CAPP projects $40B in capex this year – almost double 2020, but half of 2014

While $40 billion is an improvement, it’s a far cry from the roughly $80 billion spent in the boom year of 2014. Asked about that, Elizabeth Besson, manager, media and issues for CAPP, Besson told Pipeline Online, “Coming off nearly a decade of historically low commodity prices, it is positive to see a third consecutive year of growth and to reach that milestone of surpassing pre-COVID investment, particularly at a time when the Canadian economy is in need of private investment.”

Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

Ebel said as the energy transition takes hold, renewable energy will continue to grow and Enbridge continues to explore opportunities in new, low-carbon forms of energy such as renewable natural gas.

But he said natural gas and oil will remain critical parts of the energy mix for the foreseeable future. Natural gas, in particular, will be needed as a reliable backup given the intermittent nature of wind and solar power, he said.

Cenovus closes deal for complete ownership of Toledo Refinery

Cenovus closes deal for complete ownership of Toledo Refinery

CALGARY -- Cenovus Energy Inc. announced on Feb. 28 that it has closed on the transaction to purchase bp’s 50 per cent interest in the bp-Husky Toledo Refinery in Ohio, effective that day. Cenovus already owned 50 per cent of the facility, and now owns 100 per cent...

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