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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.
Kinder Morgan’s Trans Mountain project would nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. It would carry oil from Alberta’s oil sands to the Vancouver area to be loaded on to barges and tankers for Asian and U.S. markets.
Kinder Morgan said Wednesday it plans to pare back its capital spending after a $1.2 billion impairment pushed the company into a fourth-quarter 2015 loss.
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
Some of the most notable changes were at Houston-based companies.
The new Kinder Morgan is a safer, more financially conservative company than it was last week.
The steady dividend has been Kinder Morgan’s hallmark since it went public in February 2011.
Kinder Morgan and its partner will pay a total of $242 million to widen their stakes in the Natural Gas Pipeline Company of America.