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Kinder Morgan to expand pipeline to ship natural gas to Mexico

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Kinder Morgan Energy Partners’ affiliate El Paso Natural Gas Co. has begun a half-billion-dollar pipeline system upgrade so it can fulfill a deal to send to natural gas to Mexico.
Electricity is produced from the Bonneville Dam on the Columbia River. (AP Photo/Rick Bowmer, File)

Hydroelectric dominance is water under the bridge

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Hydroelectric power will fall below other forms of renewable generation in the United States electricity mix for the first time in 2014, according to a government projection.
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Interior Secretary Sally Jewell speaks during a Senate Energy and Natural Resources Committee hearing in March.  (Andrew Harrer/Bloomberg)

3 West Coast governors oppose offshore drilling

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The Interior Department is developing an updated plan for its Outer Shelf Oil and Gas Leasing Program, and the governors formally stated their opposition to the inclusion of any oil or gas lease sales off the coast as part of any new plan.
Pipelines run from the offshore docking station to four liquefied natural gas (LNG) tanks at the Dominion Resources Inc. Liquified Natural Gas facility in Cove Point, Md.  (AP Photo/Matt Houston, File)

Oregon LNG wins natural gas export license

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The federal government gave an Oregon project a coveted permit to broadly export liquefied natural gas on Thursday, even as the Obama administration faces criticism for moving too slowly on the proposals.
(AP Photo/Kevork Djansezian, file)

Occidental profit rises as cost-cutting continues

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Occidental Petroleum Corp., the global oil producer that is pursuing a breakup to boost returns, said second-quarter profit rose as it continues to try to reduce costs.
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(AP Photo/Charles Krupa)

Boston protesters rally against Kinder Morgan gas pipeline

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The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.
The EIA graph above aggregated data from 127 energy companies.

Energy companies keep taking on debt to finance new projects

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As oil prices and cash flows remain flat, energy companies are turning to lines of credit and selling off assets to keep up the pace of investment, according to a report from the U.S. Energy Information Administration.
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Pemex to buy U.S. natural gas via a Swiss trading house

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A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.
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Exxon Mobil restarts Pegasus pipeline in Texas

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Exxon Mobil has restarted a section of its Pegasus pipeline in Texas more than a year after a crude oil spill in central Arkansas forced the company to shut down the entire line, a spokesman said.
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ConocoPhillips closes $1.5 billion sale of upstream Nigerian assets

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ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.