Sunday, May 20, 2018

Kinder Morgan News

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.

Kinder Morgan's Canadian Unit Files for IPO of Restricted Voting Shares

U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit has filed with Canadian regulators for an initial public offering of restricted voting shares. As part of the proposed IPO, Kinder Morgan will sell a portion of its interest in Kinder Morgan Canada Ltd…

Kinder Morgan inks New England Gasline Contracts

Kinder Morgan Energy Partners LP said natural gas distribution companies in New England have agreed to buy firm gas on the U.S. energy company's proposed new pipeline into the region. A shortage of gas pipelines into New England forced…

Kinder CEO: Opportunities for Combined Company

Kinder Morgan as a combined company will have the opportunity to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, the company's chief executive officer told investors on a conference call on Monday.

Kinder Morgan Bonds Rally on Merger News

Bonds of oil and gas pipeline company Kinder Morgan Inc rallied Monday on expectations that its credit ratings would be boosted to investment-grade following a US$70bn deal to bring all of its publicly traded units into one group. Kinder…

Kinder Morgan CEO: More Acquisitions to Come

The biggest U.S. pipeline company, Kinder Morgan Inc, will be better able to acquire rivals after it consolidates as a single company and buys out investors in its publicly traded units for $44 billion, its CEO said on Monday. The North…

Kinder Morgan Raised $4.16 Bln for Trans Mountain

Kinder Morgan Canada Ltd has raised C$5.5 billion ($4.16 billion) for its Trans Mountain pipeline expansion, the company said in a statement on Friday. Kinder Morgan Canada, majority owned by Houston-based Kinder Morgan Inc, has entered…

Kinder Morgan Profit Falls 29%; Hikes Dividend

Kinder Morgan Inc's second-quarter profit fell nearly 29 percent from the first quarter, and the pipeline company said it increased its quarterly divided by 14 percent. The company also said it would buy the 49 percent stake that it…

Shell Sells Elba Liquefaction Project Interest to Kinder Morgan

Image:  Kinder Morgan

Kinder Morgan Inc. will buy out Royal Dutch Shell PLC’s interest in their proposed Elba Liquefaction Co. (ELC ) joint venture in Georgia. Houston-based Kinder Morgan already owns 51% of the ELC joint venture. The firm said it would buy…

Kinder Morgan Mulls LPG, Product & Crude Exports

Kinder Morgan Inc is considering more export opportunities from Texas and the U.S. Northeast, including liquid petroleum gas, refined products and potentially crude, a top executive told analysts on Wednesday. "The market is very ripe in Houston right now…

Kinder Morgan Sells 50% Stake in Ohio Pipeline to PE Firm

Kinder Morgan Inc said it agreed to sell half of its stake in an Ohio pipeline project to Riverstone Investment Group LLC and the private equity firm would help fund construction and commissioning of the pipeline. The Utopia Pipeline project…

Kinder Morgan: Pipeline Expansion Delays Possible

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

Kinder Morgan Canada Ltd said on Monday the start-up of its Trans Mountain pipeline expansion could be delayed past September 2020 if it is unable to get more clarity around permitting and the judicial process by early next year. The…

Southern, KMI finalize Southern Natural Gas Pipeline venture

KM Pipeline

Southern Company and Kinder Morgan, Inc. today announced the closing of their natural gas pipeline venture through Southern Company’s acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system through a subsidiary of Southern Company Gas.

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…

Kinder Morgan Buys Some U.S. Terminals From BP

Pipeline company Kinder Morgan Inc said it would buy 15 refined products terminals in the United States from a unit of BP Plc in a deal valued at about $350 million. Kinder Morgan said on Tuesday that it would hold 14 of the acquired assets under a joint venture with BP.

Kinder Morgan, BP form Fuel Storage JV

Kinder Morgan to buy 15 terminals in $350 mln deal. BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal, as it sheds assets to pay for liabilities arising from its 2010 Gulf of Mexico oil spill.

Kinder Morgan CEO Stepping Down

Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said cofounder Rich Kinder will step down as chief executive this summer. He will be replaced by Steve Kean, who has been groomed to take the top job. Kinder will become executive chairman when Kean takes over on June 1…

Kinder Morgan on Hook for $171 mln Judgment Tied to El Paso Deal

Energy Pipeline operator Kinder Morgan Inc is on the hook for the bulk of $171 million in damages owed to investors in an affiliate of El Paso Corp, which Kinder Morgan acquired in 2014, a Delaware judge ruled on Wednesday. The ruling…

Kinder Morgan Slashes Dividend 75%

Kinder Morgan Inc slashed its dividend 75 percent on Tuesday, marking the first time ever the pipeline giant has cut payouts to shareholders since it has been a publicly traded company. The move, which will reduce the annual dividend to $.50 a share from about $2 a share…