Referenced Stocks

Enbridge Selected to Provide Crude Oil Pipeline for Deepwater Gulf of Mexico Development

By Midnight Trader,  November 07, 2012, 06:55:28 AM EDT

Enbridge Inc. ( ENB ) will build, own and operate a crude oil pipeline in the Gulf of Mexico to connect the proposed Heidelberg development, operated by Anadarko Petroleum Corporation, to an existing third-party pipeline system.

The lateral pipeline is expected to be operational by 2016. Construction of the pipeline is subject to finalization of definitive agreements and sanction of the development by Anadarko and its project co-owners.

ENB gained nearly 1% yesterday in moving closer to year high $42.06.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: ENB



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