Category: Pipelines

Kinder deal gives Copano investors long-awaited payout

The acquisition price tag is a 23.5 percent premium to Copano’s closing price Tuesday. Copano shares jumped $4.96, or almost 15 percent, to $38.09 in late morning.  More »

Kinder deal gives Copano investors long-awaited payout

Copano was once among the fastest-growing pipeline partnerships in the U.S., but distribution growth has slowed in the past four years.  More »

Advocates: CPUC must rehear San Bruno decision

Consumer advocates and city officials are asking California regulators to reconsider a decision to approve a $299 million Pacific Gas & Electric Co. rate increase to help pay for pipeline inspections and upgrade costs following a 2010 fatal pipeline explosion.  More »

Kinder makes shale grab with $4 billion deal

Kinder Morgan Energy Partners has advanced its position in the North American shale race adding another 6,900 miles of pipelines and nine processing plants to its empire.  More »

Contractor to Chesapeake: pay up

In western New York State, where Chesapeake has been using hydraulic fracturing to unleash new natural gas reserves from the Marcellus Shale formation, contractors have had a harder time getting paid as Chesapeake’s financial problems mounted, said Charlie Joyce, who sued the company last year for unpaid bills.  More »

Deal reached in Texas court over Keystone XL protests

An agreement reached in an East Texas court between TransCanada and various groups protesting the Keystone XL Pipeline could signal a retreat on the part of demonstrators.  More »

Seaway Pipeline capacity cut by ‘unforeseen constraints’

Enterprise Products Partners LP told shippers today that capacity was limited on its expanded Seaway Pipeline due to “unforeseen constraints in outbound takeaway” at the Jones Creek terminal.  More »

53 senators push Obama to approve Keystone XL

A bipartisan group of 53 senators on Wednesday urged President Barack Obama to approve the controversial Keystone XL pipeline, over the objections of environmental activists who have made it a signature issue.  More »

TransCanada moving downtown office

TransCanada Corp. has run out of room at its current digs at 717 Texas and is moving a couple of blocks away, where it’s found more space.  More »

Algeria attack no outlier as oil targeted three times a week

While the attack in Algeria that killed at least 38 hostages was the deadliest raid on the oil industry in five years, it’s far from unprecedented.  More »

Nebraska governor OKs Keystone XL route

Nebraska Gov. Dave Heineman on Tuesday approved a new route for the Keystone XL pipeline that would ferry Canadian oil sands crude to the Gulf Coast, setting up a big Obama administration decision on whether to green light the controversial project.  More »

Obama to confront oil pipeline, climate change

President Barack Obama’s second-term energy agenda is taking shape and, despite the departure of key Cabinet officials, it looks a lot like the first: more reliance on renewable energy sources, such as wind and solar, and expanded production of oil and natural gas. Obama also is promising to address climate change, an issue he has acknowledged was sometimes overlooked during his first term.  More »