(Scott Dalton/Bloomberg)

TransCanada falls to a loss after $2.1 billion charge on Keystone XL

TransCanada announced Thursday it had booked a US $2.1 billion charge related to its now-rejected Keystone XL pipeline.
(Daniel Acker/Bloomberg)

On Plains All American call, a focus on other companies

Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
Genesis Energy operates this crude oil pipeline in Texas City. (J. Patric Schneider/For the Chronicle)

Energy Transfer shares fall after CFO swap

The Dallas-based pipeline company said Thomas Long would succeed Jamie Welch as CFO.
U.S. Senator Ed Markey, D-Mass (SAUL LOEB/AFP/Getty Images)

US Sen. Markey faults feds on natural gas export decision

The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
(Jeff Kowalsky/Bloomberg News)

Marathon Petroleum profits dip more than 75 percent

The Pennsylvania-based refining and pipeline company reported a $168 million net income gain for the final three months of the year, down from $805 million.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Trucks will move oil stored after California pipeline break

The Santa Barbara County Planning and Development Department endorsed the proposal, which lets Exxon Mobil run up to 30 truck trips a day for as long as six months to move the marooned crude.
A CenterPoint Energy employee in Houston on May 21, 2013. (Cody Duty / Houston Chronicle)

CenterPoint buys Continuum Energy’s retail business

The deal will allow CenterPoint, which is known primarily as the power line and transmission company for most of the Houston region, to serve more residential and commercial customers outside of Texas.
Phillips 66 Chairman and CEO Greg Garland.  ( James Nielsen / Houston Chronicle )

Phillips 66 profits plummet 43 percent, still meet expectations

Phillips 66 reported $650 million in net income in the fourth quarter, or $1.20 per share, well down from $1.15 billion, or $2.05 a share, in the final three months of 2014. The company’s profits still show that refining and chemicals companies like Phillips 66 are performing much better during the oil crash than the production and services companies, many of which are reporting large losses.
A sign hangs from a fence at a Kinder Morgan facility at the harbor in Los Angeles, California, August 28, 2006.  (Tim Rue/Bloomberg)

Kinder Morgan to partner with private equity on $3 billion in investment

The deals would carve off parts of the planned $2 billion Elba Island liquefied natural gas facility and the $1.1 billion Palmetto refined products pipeline.
(Scott Dalton/Bloomberg)

Canada’s pipeline regulators can’t keep up with companies, audit finds

The National Energy Board has come under fire recently as it grapples with about $18 billion in new proposed, controversial pipelines carrying oil sands crude.