Pipeline operator Enbridge Inc (TSE:ENB, Mkt cap 92.27B, P/E 28.31, Div/yield 0.58/4.16, EPS 1.98, Shares 1.63B) has launched new research aimed at improving pipeline inspection technology.
The company said on Tuesday that it has formed a multi-year research and development project with NDT Global, a supplier of ultrasonic pipeline inspection and pipeline integrity management. Together, the two companies plan to develop a new generation of inspection tool that will enhance pipeline safety and reliability.
Enbridge and NDT Global have already been working together for 15 years on pipeline inspections, using high resolution ultrasonic technology for advanced crack assessment.
The new inspection tool is expected to improve the crack assessment process even further.
"At Enbridge, we are continually looking for opportunities to enhance existing technologies, and progress new ones, in the areas of design, construction, operation and maintenance, to keep our pipelines safe," commented Walter Kresic, vice president of pipeline integrity at Enbridge Pipelines Inc. "We believe this next generation project with NDT Global will build on the industry leading tools and technology we already use, and further enhance our ability to inspect, monitor and prioritize cracking threats in pipelines."
Mario Lemme, CEO of NDT Global, said that the company's long-term ambition is to eliminate pipeline failure which results from pipe integrity defects.
"Achieving this requires collaboration in long-term research and development projects," Lemme explained. "We are delighted to collaborate closely with Enbridge on this initiative, which offers a real opportunity to make a breakthrough in crack assessment capability."
As part of the research and development program, the new tool will be tested on Enbridge's pipelines in Canada and the United States.
Enbridge Inc (TSE:ENB) is a Calgary-based energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company's natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Company's energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Company's 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridge's interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc. More from Reuters »
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