As it turned out, oil and gas giant Enbridge’s ($TSE:ENB) plans to build out a presence in the Gulf of Mexico did not do it much good with

Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) announced today that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development,

The crude oil pipeline, named the Canyon Oil Pipeline System, will have a capacity of 200,000 barrels per day.

The natural gas pipeline, named the Canyon Gathering System and with capacity of 125M cf/day, will connect subsea to Enbridge's ( ENB) existing Magnolia Gas Gathering Pipeline, which then delivers to Enbridge's downstream Garden Banks Gas Pipeline.

Enbridge said on Thursday it would build and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida oil hub, operated by BP .

Enbridge Inc. says it will spend about $700 million US to build new crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the Kaskida development, operated by BP Exploration & Production Co.

Enbridge (TSX:ENB) will build, own and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for BP’s Kaskida project ・Kaskida houses a discovered recoverable resource estimate of 275 million barrels of oil equivalent ・Enbridge serves millions of customers through its North American natural gas,