Kinder Morgan – Page 4 – Oil & Gas 360

Utica Shale Adds Ethane Takeaway: Kinder Morgan Opens Valve on Utopia Pipeline System

January 23, 2018

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

$1.7 Billion Gulf Coast Express Pipeline Gets FID, Apache Makes Agreement for Incremental Takeaway

December 21, 2017

Earlier today Kinder Morgan Texas Pipeline LLC (KMTP), DCP Midstream, LP (Ticker: DCP) and an affiliate of Targa Resources Corporation (Ticker: TRGP) announced a final investment decision (FID) to proceed with the Gulf Coast Express Pipeline Project (GCX Project). The companies executed definitive joint venture agreements and also secured sufficient firm transportation agreements with shippers. Roughly 85% of the project

With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

May 30, 2017

KMI’s successful Canadian IPO provides cash to pay down debt, clearing path for Trans Mountain FID “Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project,” Kinder Morgan CEO Steve Kean said in a statement on May 25, 2017. The company’s Canadian business IPO was completed today and the shares began trading

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Kinder Morgan Canadian IPO Grosses CAD $1.75 Billion

May 30, 2017

Kinder Morgan Canada Limited (ticker: KML) and Kinder Morgan, Inc. (ticker: KMI) completed an IPO of 102,942,000 restricted voting shares of KML at a price to the public of $17.00 per share for total gross proceeds of approximately C$1.75 billion. The company said the proceeds of the offering will be used to indirectly acquire from Kinder Morgan an approximate 30%

Several stalled or presumed dead energy projects are back in the driver’s seat in 2017,

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

March 22, 2017

Pipeline will provide route to export Permian’s gas to Mexico and ship as LNG Kinder Morgan, Inc. (ticker: KMI) has announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express Pipeline Project, which will provide an outlet for increased natural gas production from the Permian Basin to growing markets along the

Trudeau Gives Thumbs Up to Two Pipelines, Nixes Another

November 30, 2016

Canada added to the onslaught of energy news this week by approving and disapproving oil pipelines. Yesterday’s announcement of two approved pipes will make it possible for Canada to move about 1 MMBOPD to global markets from Alberta’s oilsands. The Trudeau administration approved Kinder Morgan’s (ticker: KMI) Trans Mountain pipeline and Enbridge’s (ticker: ENB) Line 3, while it rejected the Northern Gateway project.

Energy Upside: Kinder Morgan’s Trans Mountain Pipeline Expansion Wins Energy Board Nod

May 20, 2016

Project Wins National Energy Board’s Approval Recommendation, Government’s Final Decision Set for December Canada’s National Energy Board (NEB) has concluded that Kinder Morgan’s (ticker: KMI) Trans Mountain Expansion Project is in the public interest and recommended the Federal Governor in Council approve the proposed expansion. The Trans Mountain Expansion, if it receives final approval, will add 980 kilometers of new

45% of U.S. Crude Oil Imports Come from Canada

November 12, 2015

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

October 20, 2015

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint. On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a cost of $350 million. As part of the arrangement, KMI acquires a 75% interest in 14 terminals and will operate

New England Power Consumers: Winter is Coming

September 9, 2015

Residents of the northeast United States are likely to dismiss any notion of the upcoming winter season (it was 90 degrees in Boston today), but the chilly months that accompany football season are indeed approaching. Winter for New Englanders also brings wide disparities in consumer power costs, plagued by a lack of infrastructure in the nearby Marcellus/Utica region. ICF International,

Colorado Gov. Hickenlooper Pushes for Approval on 6 Million Ton per Annum Jordan Cove LNG

July 27, 2015

The Jordan Cove project would directly link Colorado to new energy markets – Hickenlooper Colorado Governor John Hickenlooper has written to U.S. Department of Energy Secretary Ernest Moniz and Federal Energy Regulatory Commission (FERC) chair Cheryl LaFleur in support of the Jordan Cove LNG project and the Pacific Connector Gas Pipeline, according to Statesman Journal. “Jordan Cove is of specific

Kinder Morgan Purchases 100% of Elba LNG, Raises Distribution 14%

July 16, 2015

KMI buys remaining 49% of joint venture with Shell Kinder Morgan (ticker: KMI) announced today that it has reached an agreement with Royal Dutch Shell (ticker: RDSA) to purchase the remaining equity interest in Elba Liquefaction Company (ELC), a liquefied natural gas (LNG) joint venture between the two companies, for $630 million. Previously, KMI held 51% interest in the project.

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