Q3 2026 Earnings Calls: Enbridge Expects Western Canada to Grow By >1 Million b/d by 2035
Enbridge reported its third quarter results on November 6.
Enbridge reported its third quarter results on November 6.
According to South Bow’s third quarter results, throughput on Keystone set a third quarter record, averaging 586 Mb/d, while volumes on the Gulf Coast segment averaged about 663 Mb/d. South Bow began lifting pressure restrictions on certain segments of the Keystone pipeline.
The Trans Mountain pipeline's owner Trans Mountain Corporation said in its Q2 results press release on August 28 that it expects to increase the pipeline's "nominal system capacity by approximately 90,000 bpd by the end of 2026".
South Bow disclosed that the Prairie Connector open season garnered 465 Mb/d of 20-year, firm service binding commitments from Hardisty, AB to U.S. delivery points, from nine customers. The volume commitment is basically in line with the rumored number circulating in media reports last quarter.
Louisiana’s refineries process vast amounts of domestic crude oil — much of it from the offshore U.S. Gulf — and imported oil from Canada and other countries. The refineries also play a critically important role in supplying refined product to the Southeastern U.S and the Mid-Atlantic states.
Each of Louisiana’s three refining regions has its own sources for crude oil and its own way of delivering that oil to refineries. Today, we look at crude oil flows and supply/demand balances in the southwestern and northwestern parts of the Bayou State — and how the status quo may be in for changes.
Several projects in the works would expand crude oil pipeline takeaway capacity out of Western Canada. But, given the pace of production growth there, will enough takeaway space come online in time to prevent pipeline capacity shortages and the price dislocations that come with them?
Crude oil sourcing for the three refining regions in Louisiana couldn’t be more different from each other. In today’s RBN blog, we examine crude oil flows into and out of the Bayou State, assess supply/demand balances, and explore why is could be increasingly important to understand those balances.
On July 6 the Premiers of Alberta and Ontario’s provincial governments unveiled a potential route for a new 3,300 km (2,050-mile) crude oil pipeline from Hardisty, AB to Sarnia, ON that would pass through Northern Ontario.
On Thursday July 2 the Government of Canada, along Alberta’s provincial government, announced a proposal for a heavy crude oil pipeline capable of transporting more than 1 MMb/d from Bruderheim, AB (near Edmonton) to a deepwater port at Roberts Bank just south of Vancouver, BC (see map below).