Enbridge Inc. needs to add an analysis of potential oil spills into Lake Superior watershed and submit a revised environmental impact statement (EIS) to proceed with its Line 3 pipeline replacement project, a Minnesota regulator said on Oct. 1.
The order from the Minnesota Public Utilities Commission comes as the company struggles with delays amid ongoing disputes with regulators. Enbridge has 60 days to submit its revised EIS.
The commission was ordered to revise Enbridge's EIS for the project in June after a court determined the previous assessment was inadequate.
Line 3, part of Enbridge's Mainline network that transports western Canadian oil to Midwest refineries, is expected to be in service by the second half of 2020 but many oil industry participants are concerned it will be delayed beyond that.
The project would double capacity to 760,000 barrels per day, providing much-needed relief from congestion on existing Canadian pipelines.
Enbridge was also recently ordered to stop its Mainline overhaul plan due to the "perception of abuse of Enbridge's market power" by the Canadian Energy Regulator.
Recommended Reading
CEO: Vital to Chase Less-developed Delaware Zones with $1.1B Deal
2024-07-29 - With the acquisition of Point Energy Partners, Vital Energy is growing in the Texas Delaware Basin—where Vital has already done several deals and has worked to optimize drilling and spacing designs.
Diamondback Closes $26B Endeavor Deal, Forming Last Permian ‘Sandbox’
2024-09-13 - Diamondback Energy’s merger with Endeavor Energy Resources forms a company with pro forma production of 468,000 bbl/d (816,000 boe/d) on total Permian acreage of about 838,000 net acres.
Vital Energy, Northern to Buy Delaware E&P Point Energy for $1.1B
2024-07-28 - Vital Energy will buy an 80% stake in Point Energy Partners’ Delaware Basin assets for about $820 million, with Northern Oil and Gas acquiring the remaining 20% interest for $220 million.
Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans
2024-09-19 - Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.
APA Executive: After Recent Divestitures, ‘More to Come’
2024-08-19 - At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.