(Photo: Fotolia)

Kinder deal gives Copano investors long-awaited payout

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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.

Kinder deal gives Copano investors long-awaited payout

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Copano was once among the fastest-growing pipeline partnerships in the U.S., but distribution growth has slowed in the past four years.
A massive fire from a PG&E pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010. (AP Photo/Paul Sakuma, File)

Advocates: CPUC must rehear San Bruno decision

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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.
Categories: Pipelines
Copano’s Paden Processing Plant in Stroud, Okla. is among the assets KinderMorgan gets in its $4 billion acquisition of the gas processing and gathering company. (Copano Energy)

Kinder makes shale grab with $4 billion deal

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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.

Contractor to Chesapeake: pay up

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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.
Protesters tether themselves to logging equipment being used to clear the path of the southern leg of the Keystone XL pipeline in East Texas. (Photo: Tar Sands Blockade)

Deal reached in Texas court over Keystone XL protests

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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.
(Photo: Fotolia)

Seaway Pipeline capacity cut by ‘unforeseen constraints’

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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.
Tar Sands Blockade protests the Keystone Pipeline at a TransCanada office in Houston. (Cody Duty/Houston Chronicle)

53 senators push Obama to approve Keystone XL

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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.
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TransCanada moving downtown office

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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.
A satellite image of the Amenas Gas Field in Algeria, which is jointly operated by BP, Norway's Statoil and Algeria's Sonatrach. (AP Photo/DigitalGlobe)

Algeria attack no outlier as oil targeted three times a week

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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.