-- Saudi Arabia resumed pumping through the East-West pipeline at full capacity of 7 million barrels per day and recovered 300,000 bpd of affected volumes from the Manifa field production, the kingdom's energy ministry said Sunday.
The operations were impacted by Iranian strikes since the US and Israel's war against Iran broke out on Feb. 28.
The Ministry of Energy said work is still in progress to restore full production capacity at the Khurais field.
Enbridge (ENB) said on Friday it has secured approval for its Sunrise Expansion Program, a $4 billion project to boost capacity on its Westcoast natural gas pipeline system in British Columbia.The expansion of Enbridge's Westcoast pipeline system will add about 300 million cubic feet per day of natural gas transportation capacity to southern British Columbia, with construction scheduled to begin in July 2026 and in-service targeted for late 2028.The project has been deemed in the public interest and is expected to enhance energy security and affordability by improving access to natural gas during peak demand periods, the energy firm said.Natural gas transported through the Westcoast system is used for residential heating, power generation, industrial activity, and liquefied natural gas exports.Enbridge said the project is expected to contribute over $3 billion to Canada's economy and create about 2,500 jobs during construction."The Sunrise Expansion Program is a shovel-ready, critical natural gas infrastructure project," Greg Ebel, the president and CEO of Enbridge, said, adding it supports Canada's "energy superpower ambitions."The expansion includes new pipeline segments, added compression capacity, and upgrades to existing facilities along the Westcoast system.The Westcoast pipeline system, which spans over 2,900 kilometers from northeastern British Columbia to the Canada-US border, currently has a capacity of up to 3.6 billion cubic feet per day and is partly owned by Indigenous partners representing 38 First Nations.Price: $53.14, Change: $+0.63, Percent Change: +1.21%
Baker Hughes (BKR) has an average rating of overweight and mean price target of $63.85, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $69.42, Change: $+4.93, Percent Change: +7.64%
Premium Global Income Split Corp. (PGIC.TO), effective on or about April 30, will change its name to Premium Global Income Split Fund, said the fund's manager Mulvihill Capital Management overnight Thursday.The name change is subject to regulatory approval, it added.PGIC shares were last seen up 0.1% at $6.98 on the Toronto Stock Exchange.Price: $6.98, Change: $+0.01, Percent Change: +0.14%