Friday, September 21, 2018

Kinder Morgan News

US Oil Pipeline Companies, Producers Seek Relief from Steel Tariffs

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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…

China LNG Tariff Casts Shadow Over New US Export Terminals

© vladsv / Adobe Stock

China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world's second-largest LNG seller.Beijing on Tuesday said it would tax U.S.

New U.S. LNG Projects, Enough to Double Exports, on Verge of Launch

Photo courtesy of Kinder Morgan

New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their facilities or are waiting for approval from the energy regulator, a review of their documents showed this week.Although long planned…

Texas Waha Natgas Prices Dive 60 pct to Record Low on Pipeline Constraints

Photo: Kinder Morgan

Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record due to pipeline constraints limiting the amount of gas that can move out of the region.Prices for Thursday at…

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…

US Energy Companies Fume over Rejected Steel Tariff Exemptions

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The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.But the department rejected a similar request from Borusan Mannesmann Pipe to…

Texas Pipeline Blast Injures 7, Explosions Probed

Authorities on Thursday morning were investigating what caused a fire and a series of natural gas pipeline explosions on Wednesday in Midland County, Texas, which sent seven people to the hospital and shut down five lines before being…

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

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.