Tag: kinder morgan

Industry pans feds’ plan for gas exports

The Obama administration says its new plan for vetting proposals to sell liquefied natural gas overseas is aimed at streamlining the review process, but energy companies and aspiring exporters say the government’s approach could have the opposite effect.  More »

US export decision deals blow to some Gulf Coast refiners, processers

The decision to allow two Texas companies to export a minimally distilled variety of ultralight oil is a win for Eagle Ford Shale crude producers, at the expense of refiners and companies planning to build processing plants along the Gulf Coast. Refiners were feeling the pain on Wall Street Wednesday.  More »

Rumored Targa deal a bust, but firm is ripe for buyout

The rumored $15 billion deal for control of a Houston natural gas pipeline operator never got past the initial talks, Targa Resources said after its shares soared on reports it was closing in on a sale.  More »

Kinder Morgan spending $671 million on carbon dioxide push

The company plans to boost CO2 production operations in Colorado as well as expand its 500-mile Cortez Pipeline that moves CO2 from southwestern Colorado to eastern New Mexico and West Texas for use in enhanced oil recovery (EOR) projects.  More »

Kinder Morgan reports drop in first-quarter earnings

Kinder Morgan Energy Partners first quarter profits were down 4.7 percent, the company announced Wednesday, but officials were upbeat that growing demand for natural gas would be a boon for the company.  More »

More Texas shale gas soon will head to Mexico

Federal regulators have approved Energy Transfer Partners’ plan to extend one of its pipelines from South Texas into Mexico.  More »

Phillips 66 shifts focus with $3 billion in new projects

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.  More »

Houston port’s $35B blitz led by energy investments (photos)

As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.  More »

Exxon to move Canadian crude by rail amid pipeline shortage

With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday.  More »

Texas crude vies with Saudi Arabia for California shipments

Kinder Morgan Energy Partners LP, the pipeline operator that’s buying U.S. oil tankers, said it’s in talks to ship Texas crude to California through the Panama Canal.  More »

Kinder Morgan earnings jump 26 percent in fourth quarter

Earnings for Kinder Morgan Energy Partners jumped 26 percent in the fourth quarter of 2013, capping up a year of major growth for the business, the company reported Wednesday.  More »

More Eagle Ford pipeline expansion

A joint venture of Kinder Morgan Energy Partners LP and Magellan Midstream Partners LP has entered into a long-term agreement to move Eagle Ford Shale liquids for Anadarko Petroleum Corp.  More »
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