Sunday, November 24, 2024

Kinder Morgan Cool to Ottawa’s Offer to Compensate Company for Losses from B.C.’s Opposition to Trans Mountain

Canada’s Federal Government Ready to Compensate Kinder Morgan for Delays From the Star OTTAWA—The Texas-based oil firm threatening to kill its planned expansion of an Alberta-B.C. pipeline reacted coolly to Ottawa’s offer Wednesday to compensate the company for any financial losses due to political opposition of the B.C. government. But Steve Kean, chairman and CEO of Kinder Morgan, owner of

A Look at Activity in the Permian from Three Players’ Perspectives

Oil & Gas 360® takes a look at three companies with operations in the Permian: Halcón Resources Company (ticker: HK) Approach Resources Company (ticker: AREX) Apache Corporation (ticker: APA) Halcón Resources Production for the first quarter of 2018 averaged 10,967 BOEPD for Halcón, comprised of 70% oil. This production rate represents a 75% growth rate from the fourth quarter of

MLPs Fall from Grace as Companies Announce $20 Billion in Consolidation

Enbridge, Williams and Cheniere all simplifying structure The wave of consolidation in pipeline companies continues, with three companies announcing transactions worth a combined $20 billion. Like many other pipeline firms, Enbridge (ticker: ENB) has a complex corporate structure, with several large subsidiary companies. The company holds at least partial ownership of Spectra Energy Partners (ticker: SEP), Enbridge Energy Partners (ticker:

New Rules on Ship Emissions Herald Sea Change for Oil Market

From Reuters New rules coming into force from 2020 to curb pollution produced by the world’s ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies. The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife. But the energy