Thursday, July 19, 2018

Kinder Morgan News

US Oil Pipeline Companies, Producers Seek Relief from Steel Tariffs

© Christopher Boswell / Adobe Stock

Major U.S. energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China…

Canada Dreams of Oil Exports to Asia, but California Beckons

File Image (CREDIT: AdobeStock / © Diter)

The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with…

Canada Govt Ready to Indemnify Kinder Morgan Pipeline Project

Photo: Kinder Morgan

The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.Morneau…

Canada Ready to Cover Kinder Morgan Loss

File Image (CREDIT: AdobeStock / © Berkut 34)

Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday.

Largest Oil Shipment Sent from Vancouver to China Since 2015

© Max Wei / MarineTraffic.com

An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years, Canadian officials have pushed for an escalation in crude exports to rapidly growing Asian markets…

Canada Government to Give Briefing on Pipeline Expansion Aid

File Image (CREDIT: AdobeStock / © Berkut 34)

The Canadian government will give a 9 am ET (1300 GMT) briefing on Tuesday on how it has decided to aid a Kinder Morgan Canada Ltd crude oil pipeline project, an official said. Ottawa says it is prepared to financially backstop the planned…

Canada to Buy Kinder Morgan's Trans Mountain Pipeline

© NoraDoa / Adobe Stock

The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline project for C$4.5 billion but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition.Canada will also offer federal loan guarantees to e

Kinder Morgan Canada Posts Higher Quarterly Profit

Kinder Morgan Canada Ltd is still pursuing a "primarily permiting" strategy on its Trans Mountain pipeline expansion, the company said, and also reported a rise in fourth-quarter profit on Wednesday. Kinder Morgan Canada reported a net…

Canadian City to Argue Trans Mountain Oil Pipeline Route Harmful

The proposed route of Kinder Morgan Canada's Trans Mountain pipeline expansion through the west coast Canadian city of Burnaby will damage parks, harm sensitive ecosystems and impact critical infrastructure, the city will argue on Tuesday.

Next-wave LNG Terminals get Smaller, More Flexible

Cheniere's Sabine Pass LNG Terminal (CREDIT: Cheniere)

The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts.

Canada Pipeline Feud Hits B.C. Wine Purchases

File Image (CREDIT: AdobeStock / (c) Berkut 34)

Canada's oil-rich province of Alberta struck back at neighboring British Columbia on Tuesday, halting purchases of that province's wines in retaliation for its potentially holding up expansion of a crude pipeline. British Columbia proposed…

NuStar, Other Energy Partnerships Simplify Business Models

Photo: NuStar

Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and gas production has spawned billions of dollars of new transport, gathering and storage projects.

Trump's Steel Import Tariffs May Hurt US LNG Exports

© Wojciech Wrzesień / Adobe Stock

U.S. natural gas trade groups said on Thursday they are concerned that new U.S. steel import tariffs could delay or reduce new pipeline projects as well as dent exports of liquefied natural gas. U.S. President Donald Trump said on Thursday…

Canadian Railways in 'catch-22' over Crude Shipments

File Image: A crude oil train rolls through America's heartland. CREDIT Dagmar Etkin

Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbor. However, their need for long-term contracts and…

Kinder Morgan Halts Most Work on Disputed Canada Pipeline

File Image (CREDIT: AdobeStock / © Berkut 34)

Kinder Morgan Canada on Sunday suspended most work on a C$7.4 billion ($5.8 billion) oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy projects in Canada. Company Chairman…

Kinder Morgan Canada: No Dividend Cuts Despite Trans Mountain Suspension

Kinder Morgan Canada said on Monday its dividend payouts would not be affected by the suspension of works on C$7.4 billion ($5.8 billion) oil pipeline expansion. Chief executive Steve Kean said on Sunday he would scrap plans to nearly triple the capacity of the Trans Mountain pipeline…

Canada Cabinet to Discuss Troubled Kinder Morgan Pipeline

Photo: Kinder Morgan

Prime Minister Justin Trudeau will meet on Tuesday with his cabinet ministers to discuss Kinder Morgan Canada Ltd's threat to walk away from a troubled pipeline expansion as various levels of government signal interest in spending public funds to ensure the project proceeds.

Investors Back Kinder Morgan Canada's Trans Mountain Move

Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project.The company said…

Trudeau's Political Troubles Boil as Pipeline Surprise Weighs

File Image (CREDIT: AdobeStock / © Berkut 34)

Canada's government got just 24 hours notice that it would be thrust into a political and economic crisis by an ultimatum from a pipeline operator, government sources said, leaving Prime Minister Justin Trudeau scrambling for options in a dispute that could damage his re-election chances.

Canada Moves Crude One Truckload at a Time

File Image: A Crude oil train moves alongside an inland river in the U.S. heartland. (CREDIT: Dagmar Etkin)

At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west.

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