Tag: kinder morgan

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 »

Kinder Morgan to buy tanker businesses for $1B

Pipeline giant Kinder Morgan Energy Partners will spend nearly $1 billion to move into the tanker business after agreeing to buy two companies that ship oil between U.S. ports, the companies said Monday.  More »

Canada at crossroads in bid to become energy superpower

Canada’s bid to become what Prime Minister Stephen Harper calls an energy “superpower” is at risk as approval delays for new pipelines threaten an industry already hurt by high costs and rival production.  More »

Midstream spending, market value rise to new heights on pipeline demand

Since the beginning of the shale production boom, Kinder Morgan and other companies that operate pipelines and other oil and gas infrastructure have boosted their spending from about $7 billion in 2006 to $26 billion last year.  More »

Kinder Morgan earnings jump as pipeline network grows

Kinder Morgan Energy Partners reported a 70 percent jump in net income as it continues to benefit from its expanded pipeline network moving U.S. oil and natural gas, the company said Wednesday.  More »
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