Kinder Morgan

'The Jetsons'

Kinder Morgan is submitting a revised route for a proposed natural gas pipeline designed to bring additional supplies of natural gas into Massachusetts where gas and power prices spiked last winter due to a combination of physical supply issues and market factors. The company changed the route in response to public opposition. This is another… Keep reading →

New York City Hit With Another Winter Snowstorm

Although yesterday’s EIA Weekly Natural Gas Storage Report recorded a smaller draw than analysts expected – 262 Bcf declined from storage, but expectations were around 271 Bcf – and the March NYMEX gas futures contract decreased in price as a result, storage remains historically low and the need to replenish it during injection season could… Keep reading →

Wisconsin Lawmakers To Debate Bill That Would Cripple Wind Energy In State

Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →

Netanyahu Meets With Noble Energy CEO

This Forbes piece profiles Noble Energy’s diverse portfolio of assets that may appear haphazard, but according to CEO Charles D. Davidson, “This isn’t an accident. This is a strategy.” [Forbes] A top oil and gas banker moves from Morgan Stanley to Credit Suisse. “Before making the move, Mr. McCabe was at Morgan Stanley, and has… Keep reading →

U.S. President Barack Obama

A couple of firsts, and one sloppy second… Some citizens of Sub-Saharan African countries may get access to reliable electricity for the first time. President Obama has announced plans to invest $7 bln over five years to expand access to electricity in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, mostly as loans to buy US… Keep reading →

Environmentalists Await Final Ruling From Bureau Of Land Management On Utah Coal Mine Expansion

Pipeline transportation and energy storage giant Kinder Morgan is expanding its terminal business into owning, leasing and acquiring natural resource properties. Despite coal being a dirty word with regard to power generation and climate change, Kinder Morgan will purchase coal reserves and lease them to mining companies for development and royalty compensation. While Kinder Morgan… Keep reading →

It’s telling that a panel discussion about using technology to reduce the environmental impacts associated with Canadian oil sands development ended up mainly being about dire market access issues impacting producers.

At the FT Global Investment Series: Focus on Canada conference held in New York City this week, corporate executives were clearly concerned about reducing greenhouse gas emissions from oil sands projects, but they were also very concerned about the billions of dollars being lost from commodity price differentials between Canadian heavy oil and other grades. Keep reading →

Foreign companies continue to take a strong interest in US shale assets, with French oil firm Total’s $2.32 billion payout for a 25% share of a Utica Shale play in Ohio owned by Chesapeake Energy a recent highlight.

Some of the acreage for the new joint venture, which underlies all or most of ten counties in the latest region targeted by firms for both natural gas and oil or natural gas liquids was provided by Houston-based Enervest. The deal, announced December 31, 2011, covers 619,000 acres that Chesapeake says is in the “liquids-rich area of the Utica Shale,” and underlies all or a portion of ten counties in the Eastern part of the state. Keep reading →

Kinder Morgan will pay $38 billion to purchase El Paso Corporation, creating a new giant in the lucrative business of moving energy supplies to market.

The $94 billion combined company will own roughly 80,000 miles of pipelines and become the fourth largest energy company in the US. The deal announcement is rife with precedent-setting statistics; the new Kinder Morgan will include the largest natural gas pipeline system in the US, the largest independent transporter of petroleum products and the largest independent terminal owner and operator in the country. Keep reading →

Natural gas assets and terminal ownership drove growth at one of the US’ emerging energy infrastructure giants.

Years of organic growth and acquisitions have lifted the already-significant Kinder Morgan Energy Partners into an increasingly central position in the US energy economy, and the firm’s exposure to the fast-growing natural gas production and distribution sectors put it at the heart of plans to grow US consumption and exports of that fuel. Keep reading →