WorldOil Canada moves to defend Enbridge’s Line 5 from Michigan shutdown efforts With Canadian pipeline giant Enbridge and Michigan Governor Gretchen Whitmer locked in a legal battle over the state’s efforts to decommission Enbridge’s Line 5, Canadian Natural Resources Minister Seamus O’Regan said he has reached out to all levels of government in the U.S. Legislators on both sides of the border have also held over 20 meetings to seek an agreement. Canadian indigenous group pushes back on pipeline study Efforts by Canada’s government to hire a firm to do a financial analysis of its Trans Mountain pipeline and a facilitator to help indigenous communities have rankled at least one group in British Columbia. Michigan moves to shut down pipeline critical to Canadian refining Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” a 1953 easement that allows Enbridge to operate under the Straits of Mackinac. Line 5 is a key conduit of crude for Canadian refineries in Ontario and Quebec. Canada’s Cenovus Energy to buy Husky Energy in all-stock sale The newly combined company is expected to break even in 2021 at a West Texas Intermediate crude price of US$36 a barrel. It will continue to operate as Cenovus Energy with its headquarters remaining in Calgary. O’Regan says Canada working with U.S. to advance pipeline plans Canada’s Natural Resources Minister Seamus O’Regan said he’s in talks with the U.S. Secretary of Energy Dan Brouillette about finding a path to move ahead with oil pipeline projects, the Globe and Mail reported. ConocoPhillips to restore curtailed production as oil prices rise The company will bring back output in Alaska and other states next month, with Canadian production coming back in the third quarter. “Given ongoing variability and uncertainty in the outlook for production curtailments, the company will continue to suspend forward-looking guidance and sensitivities,” Conoco said in a statement Tuesday. Canadian banks’ exposure to oil surges as credit lines are tapped Canadian banks’ exposure to oil and gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices. Noia requests response from Canadian PM Trudeau on urgent requests for help Noia wrote Prime Minister Justin Trudeau to request a response to pleas from the industry and the Government of Newfoundland and Labrador to provide assistance to help the offshore oil and gas industry recover from COVID-19 and remain globally competitive. Enbridge cuts jobs, defers capex spend as falling demand limits oil flows Enbridge Inc., North America’s largest pipeline operator, is cutting jobs, lowering executive pay and deferring some capital spending as measures to fight the Covid-19 virus reduce oil flows on its system and slow down construction. Cryopeak LNG Solutions breaks ground on new LNG production facility Cryopeak LNG Solutions Corporation, based in Richmond BC, has begun construction of a new LNG production facility located in Fort Nelson, BC, capable of producing up to 90,000 gallons of LNG per day.