Varcoe: Calgary-based energy giants paint a vision of growth as Canada aims to be an energy superpower Enbridge outlined plans to expand its Mainline network by up to 400,000 barrels per day before the end of the decade
Enbridge outlined plans to expand its Mainline network by up to 400,000 barrels per day before the end of the decade
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If the push to turn Canada into an energy superpower is a tricky jigsaw puzzle, the country’s largest petroleum producer and largest pipeline operator just put some key pieces on the board.
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On Friday morning, energy infrastructure giant Enbridge outlined plans to expand its Mainline network by up to 400,000 barrels per day before the end of the decade through two different phases — and has upsized its proposed second capacity increase.
The same day, Canadian Natural Resources, which pumped out a record 1.6 million barrels of oil equivalent (boe) per day during the third quarter, held its investor day and detailed future growth potential of 745,000 boe a day.
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To be clear, the company didn’t give the green light to such aggressive increases, but it highlights the opportunities for industry to significantly ramp up volumes in the coming years, depending on government carbon and economic policies, sufficient egress and future commodity prices.
“I’d say this is a bit of a tone change, in that they’re........© Edmonton Journal





















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