Canadian #oil prices tanking after US govt says no to #Enbridge quickly restarting Line 14 after spill. WCS heavy down $2/bbl
CALGARY, Alberta, July 31 (Reuters) – TransAlta Corp
said on Tuesday its prized dividend is in no danger of being
chopped even as the Canadian power producer posted a nearly
C$800 million loss ($798 million) and will have to spend more to
comply with a regulatory order.
TransAlta, which has been ordered to rebuild an Alberta
coal-fired power plant it had wanted to decommission, said its
own cash flow projections support the C$1.16-a-share annual
payout even as it spends more than it had expected against a
backdrop of weak power prices in its main markets.
WASHINGTON/CALGARY (Reuters) – The U.S. pipeline safety agency launched an investigation on Saturday into an oil spill in Wisconsin on Enbridge Inc’s network that briefly shut much of the company’s pipeline system feeding Canadian crude to the U.S. Midwest.
Enbridge’s 318,000 barrel per day Line 14 pipeline, which carries light sweet Canadian crude to Chicago-area refineries, was shut on Friday after an estimated 1,200 barrels of oil were leaked, and the Canadian company said on Saturday it did not have a restart time for the pipeline yet.
CALGARY (Reuters) – Canada’s Enbridge Inc. said an oil spill in Wisconsin had forced it to shut down part of the main pipeline system delivering Canadian crude to U.S. refiners on Friday, a fresh blow for a firm already facing fierce criticism from regulators.
Almost two years to the day after a major spill on a different part of its network, Enbridge shut down Line 14 after a leak that it estimated at around 1,200 barrels of oil. The 318,000 barrel per day (bpd) line, part of the Lakehead system, carries light crude oil to Chicago-area refineries.