Canadian pipeline company Enbridge announced a multibillion-dollar plan to overhaul its pipeline systems in Canada and the United States.

CALGARY, Alberta - Enbridge Inc kicked off one of the most sweeping expansions in its history on Wednesday, a C$3.2 billion ($3.2 billion)series of projects across its pipeline system aimed at moving western Canadian crude to Eastern refineries and preventing bottlenecks in the U.S. Midwest.

"It's no pipe dream. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report." Jeffrey Brown responds: The Texas Railroad Commission (RRC) sums the reported production from Texas producers, and it has been doing so far decades, while the EIA apparently uses a sampling approach to estimate Texas production. For annual production in 2011, the RRC shows Texas crude oil production at 1.12 mbpd (million barrels per day), while the EIA shows it at 1.46 mbpd, a gap of 340,000 bpd. The gap between the RRC and the EIA for monthly production is even more pronounced, on the order of about 500,000 to 600,000 bpd. If the EIA is this far off for Texas, what about the other producing states, and what does it say about the EIA's global data? read more

Energy companies from China, South Korea and Japan, along with Shell, agreed to ship billions of dollars worth of Canadian liquefied natural gas to Asian markets.

Royal Dutch Shell and partners from China, South Korea and Japan said they are planning a multibillion-dollar LNG plant on Canada's West Coast, the latest in a string of proposals aimed at moving huge quantities of domestic shale gas to lucrative Asian markets, Reuters reports. Shell, along with PetroChina, Kogas and Mitsubishi Corp. will study a liquefaction plant at Kitimat, British Columbia, that would initially include two units with capacity of 6 million tons annually each, or a total of 2

Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea in developing a liquefied natural gas export project in British Columbia.

Energy companies from China, South Korea and Japan, along with Royal Dutch Shell, will ship billions of dollars worth of Canadian liquefied natural gas to Asian markets.

Oil major Royal Dutch Shell is planning to construct a massive liquefied natural gas (LNG) export facility on Canada's west coast in a bid to benefit from the sizeable arbitrage between natural gas prices in Asia and North America. The ambitious plans are at the mercy of regulators but, with two projects already approved, the partners could reach a final investment decision on Canada LNG by 2015.

CALGARY, Alberta - Royal Dutch Shell and partners from China, South Korea and Japan said on Tuesday they are planning a multibillion-dollar liquefied natural gas plant on Canada's West Coast, the latest in a string of proposals aimed at moving huge quantities of domestic shale gas to lucrative Asian markets. Shell, along with PetroChina , Kogas and Mitsubishi Corp , will study a