Midstream - Pipelines | Government & Regulatory
Canadian Operators Push Back Against Proposted Enbridge Mainline Changes
Print
|
Enbridge Inc. is encountering pushback on its plans to overhaul its shipping contracts on its Mainline Pipeline, according to a report by Reuters.
Under the proposal, Enbridge is hoping to switch to long-term fixed volume contracts (the pipeline currently runs on monthly nominations). Several Canadian operators have asserted that this change would impose unfair tolls and limit market access, with Canadian Natural Resources Ltd. (CNRL) and Suncor being two main critics of the plan.
Given the controversy, the Canadian Energy Regulator has gotten involved in the fray, giving affected companies a chance to comment on the developments.
The Mainline Pipeline is the largest pipeline in North America - with a capacity of ~3.0 million BPD, it serves many operators active in the US and Canada.
More Government & Regulatory News
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
MEG Energy Rejects Strathcona Resources' $6 Billion Takeover Offer
MEG Energy Rejects Strathcona Resources' $6 Billion Takeover Offer Overview of the Offer: Bidder: Strathcona Resources Ltd. Offer: 0.62 Strathcona shares + $4.10 in cash per MEG share…
PDC Energy Second Quarter 2022 Results
PDC Energy, Inc. announced its 2022 second quarter financial and operating results, and provided second half 2022 guidance. The company also announced receiving Completeness Determination on the Guanella…
PDC Energy's 69-Well Kenosha Project Approved by COGCC
PDC Energy Inc. reported that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Company's Kenosha Oil & Gas Development Plan (OGDP) permit application. The Kenosha OGDP,…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
United States News
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…