Enbridge Inc. (ENB) has announced plans to invest $700 million in the construction of crude oil and natural gas pipelines for the recently sanctioned Kaskida oil development in the U.S. Gulf of Mexico. This strategic move comes as part of ENB's ongoing efforts to strengthen its presence in the region, catering to rising global energy demands. The Kaskida oil hub, operated by BP plc (BP) , marks the British oil major's sixth production hub in the Gulf of Mexico. Slated for a 2029 production start, Kaskida wi ...