Kinder Morgan Inc. (KMI) management said late Wednesday it would pump $2.4 billion into growth projects this year, up $200 million from the previous forecast, as it lays the groundwork to debottleneck the juggernaut that is the Permian Basin, where oil and associated natural gas production is booming.
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Kinder Morgan Canada Ltd. (KML) remains invested in British Columbia (BC) and Alberta, but the path forward for the company’s Trans Mountain Expansion Project is still unclear, CEO Steven Kean said Wednesday.
The British Columbia’s (BC) left-leaning, avowedly green government Tuesday unveiled its weapon — more official study — for blocking an expansion of Kinder Morgan Canada Ltd.’s (KML) Pacific coast export pipeline expansion for the Alberta oilsands.
Kinder Morgan Inc. (KMI) is in advanced talks with shippers for its Gulf Coast Express (GCX) expansion targeting associated gas from the Permian Basin, and the Houston-based midstreamer could make a final investment decision on the project during the fourth quarter, management said Wednesday.
Demand pull from exports to Mexico and from liquefied natural gas (LNG) terminals on the Gulf Coast has bolstered Kinder Morgan Inc.’s (KMI) outlook for its natural gas transportation business, as volumes rose during the second quarter. Expansions targeting Permian Basin output also are on the horizon.
Kinder Morgan Texas Pipeline LLC (KMTP) is holding a nonbinding open season through April 20 for firm service on its proposed Gulf Coast Express Pipeline, which would provide an outlet for production from the Permian Basin to markets along the Texas Gulf Coast.
Kinder Morgan Inc. (KMI) has completed a supplemental open season for the remaining 22,000 b/d of capacity available on its planned Trans Mountain crude pipeline expansion in Canada, the company said Wednesday.
The Ohio State University (OSU) will begin a first-of-its-kind study this fall to determine how natural gas pipeline installation affects the productivity of agricultural land in a project that could help improve development as more infrastructure is built to serve basins across the country.
Kinder Morgan Inc. (KMI) is selling a 50% stake in its Utopia Pipeline Project, which when complete will be a conduit for ethane from Ohio to the Sarnia, ON, petrochemical market. The buyer is Riverstone Investment Group LLC.
Three days after Moody’s Investors Service changed its outlook on Kinder Morgan Inc. (KMI) debt to “negative” from “stable,” the company said it “…will construct its 2016 plan to maintain an investment grade rating with all three [credit rating] agencies.”