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 →
Kinder Morgan
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We will never sell or share your information without your consent. See our privacy policy.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 →
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 →
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 →
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 →
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 →
Oil Sands Developers: Market Access Issues Weigh Even As Tech Promises Emissions Reductions
By Jared Anderson
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 →
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 →