- Enbridge (ENB +0.2%) says it will develop a new C$1.6B pipeline for the Fort Hills partners - Suncor (NYSE:SU), Total (NYSE:TOT) and Teck Resources (TCK) - to transport crude oil under long-term transportation commitments to its mainline hub at Hardisty, Alberta.
- The Wood Buffalo Extension pipeline will transport as much as 490K bbl/day of diluted bitumen produced at the Fort Hills project in northeastern Alberta and SU's growing oil sands production in the Athabasca region.
- ENB also says it will develop a new C$1.4B industry diluent pipeline to meet the needs of multiple producers in the Athabasca oil sands region.