Firm

Global investment firm Kohlberg Kravis Roberts & Co. LP and affiliates (KKR) said its energy and infrastructure platform now manages $4 billion in non-private equity related assets following its most recent fund closings.

A private firm hired by Chesapeake Energy Corp. has determined that drinking water sources tested by the U.S. Environmental Protection Agency (EPA) in Bradford County, PA, show no signs of any adverse impact from Marcellus Shale operations.

Cash quotes overall inched higher by about a penny, but flat to lower quotes at a few spots in the Great Lakes and Northeast were offset by firm Rockies prices and restriction-derived gains of about a nickel in California. The Energy Information Administration (EIA) reported a build of 30 Bcf, about what the market was looking for. Prices slumped initially but managed to climb back into the plus column before closing. At the end of the day June futures were 2.2 cents higher at $2.487 and July gained 1.9 cents to $2.569. June crude oil rose 27 cents to $97.08/bbl.

In an effort to expand its production of olefins, Chevron Phillips Chemical Company LP plans to build a massive 1-hexene plant at its Cedar Bayou Chemical Complex in Baytown, TX.

A nonprofit economic and public policy research firm is warning policymakers in Western Canada that shale gas development in British Columbia (BC) and oilsands development in northern Alberta are “stress points” that could negatively impact water quality and supplies if not properly regulated.

Elected officials in Cecil Township, PA, voted Monday to have the township solicitor look into mounting a legal challenge to Pennsylvania’s new Marcellus Shale law on the grounds that it usurps local zoning authority.

Affiliates of private equity firm Blackstone are taking a stake in Cheniere Energy Partners LP’s (CQP) project to add liquefaction and export capability to its Sabine Pass LNG terminal on the U.S. Gulf Coast as well as other activities, Houston-based Cheniere said Monday.

Geneva, Switzerland-based Koch Supply & Trading Sarl has launched a global gas trading business, and Stephen Cornish has joined the firm to build the trading and marketing business for liquefied natural gas (LNG), natural gas and related commodities. “This venture into the international gas markets is a way to link its global portfolio to benefit its suppliers and customers,” said Cornish, who said the unit would build operations in Asia, Europe and the Americas. To complement existing North American activities conducted in Houston and to optimize its global portfolio, Koch Supply & Trading plans to build a Europe-wide gas business from Geneva and an LNG trading business from offices in Geneva, London and Singapore. Origination and marketing support locations are also planned in East Asia, the Middle East and Latin America. The privately held company declined to provide additional details.

Pennsylvania Gov. Tom Corbett is asking state lawmakers to hold firm on local zoning restrictions included in legislation to impose an impact fee on natural gas drillers.