Kinder Morgan and EagleClaw announce FID for Permian Highway pipeline project Kinder Morgan (ticker: KMI) and privately held EagleClaw Midstream have announced a Final Investment Decision on the Permian Highway pipeline (PHP) today, as oil and gas producers and midstream companies continue to react to the massive production growth coming out of the Permian basin. The PHP will provide relief
From Bloomberg About a dozen parties are interested in the Trans Mountain oil pipeline, but the Canadian government won’t reach a deal to flip it before a marketing deadline with Kinder Morgan Inc. closes Sunday, according to people familiar with the situation. The government’s C$4.5 billion ($3.4 billion) purchase of the pipeline and expansion project gave it to July 22
From Reuters Major U.S. energy companies including Plains All American Pipeline (PAA.N), Hess Corp (HES.N) and Kinder Morgan Inc (KMI.N) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. There have been nearly 21,000 requests overall for exclusions submitted to the U.S. Commerce Department since the
“The competition for capital investment in the global marketplace is fierce and Canada is losing,” Canadian Association of Petroleum Producers (CAPP) CEO Tim McMillan said in a statement this week. McMillan said that a lack of regulatory clarity, and the inability to see federally-approved pipelines get built, sends the signal that Canada is closed for business. CAPP released its 2018
From The Star Amid fierce opposition from all over the province, at least one group of British Columbians is counting the federal government’s purchase of the Trans Mountain Pipeline project as an opportunity. They are the skilled tradespeople who believe the federal government will have to be a more accountable employer for the controversial energy project than Texas-based Kinder Morgan. Kinder
Kinder Morgan (ticker: KMI) subsidiary Kinder Morgan Canada Limited (TSX: KML) has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by the Government of Canada for C$4.5 billion, the company said in a press release this morning. Kinder Morgan said it will work with the Government of Canada to seek a third-party buyer
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
Kinder Morgan Canada Limited Issues Statement
B.C.’s Horgan is steadfast in goal to keep pipe project out of his province; Trudeau seeks federal jurisdiction over line From Bloomberg “We are going to get the pipeline built. It is a project in the national interest,” Prime Minister Justin Trudeau told reporters Sunday after meeting with premiers of British Columbia and Alberta. He asked Finance Minister Bill Morneau
From The Globe and Mail CALGARY, VICTORIA AND OTTAWA Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets. In the escalating battle over the oil sands pipeline project, the Alberta Premier signaled on Tuesday she could put provincial taxpayers’
Oil and gas investment in politically risky British Columbia Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) announced an acreage buy in British Columbia’s Montney play. ConocoPhillips Company acquired about 35,000 net acres in the Montney play
Houston-based Kinder Morgan, Inc. (ticker: KMI) put its Utopia Pipeline into service, initiating delivery of ethane from Harrison County, Ohio, to Windsor, Ontario, Canada. The 270-mile Utopia system has an initial capacity of 50,000 barrels per day (bpd) that can be expanded to more than 75,000 bpd, Kinder Morgan said in a statement. “We are extremely pleased to have placed
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