North American liquefied natural gas (LNG) export plans are on the table from coast-to-coast-to-coast, offering a tantalizing option for buyers in Europe and the Asia Pacific region that want secure and reliable energy supplies, a Wood Mackenzie Ltd. energy analyst told NGI this week.
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U.S. Energy Future Tied to Natural Gas, Report Says
Offering high hopes but no consensus on a strategy, the latest report from the Colorado Oil & Gas Association (COGA) calls natural gas a potential U.S. energy solution, although it hastened to point out that opinions still vary widely on how to make that happen.
Analysts See Little Chance for Gas Prices to Strengthen
Energy analysts are offering no good news to gas bulls that had toasted to the hope for a prosperous new year in 2011.
Industry Briefs
Privately held Kinder Morgan Inc. has announced plans to rejoin the New York Stock Exchange with the launch of an initial public offering (IPO) for up to $1.5 billion. Parent company Kinder Morgan Holdco LLC said all of the stock for the IPO would be sold by existing investors including Chairman Richard Kinder and his wife, who together hold a stake of about 31% in the company. Other sellers include Goldman, Sachs & Co., Highstar Capital LP, The Carlyle Group and Riverstone Holdings LLC. The company plans to list under its former symbol “KMI.” Timing of the IPO was not disclosed. In 2007 Kinder Morgan went private in an estimated $15 billion buyout (see NGI, June 4, 2007). Kinder Morgan owns the general partner and about 11% of the limited partner interests in Kinder Morgan Energy Partners, one of the largest publicly traded U.S. pipeline master limited partnerships, which has an enterprise value of more than $30 billion.
Kinder Morgan to Go Public Once Again
Privately held Kinder Morgan Inc. on Tuesday announced plans to rejoin the New York Stock Exchange with the launch of an initial public offering (IPO) for up to $1.5 billion.
National Fuel Offering Capacity From the Marcellus
National Fuel Gas Supply Corp. (Supply) and Empire Pipeline Inc. are holding two open seasons offering firm transportation capacity from the Marcellus Shale in central and southwestern Pennsylvania.
National Fuel Offering Capacity From the Marcellus Shale
National Fuel Gas Supply Corp. (Supply) and Empire Pipeline Inc. are holding two open seasons offering firm transportation capacity from the Marcellus Shale in central and southwestern Pennsylvania.
GE Unit Offering Loans for Development Drilling
GE Energy Financial Services, a unit of GE, said Monday it is expanding its oil and gas reserves investing business by offering loans for development drilling.
Chesapeake Midstream to Launch IPO
Chesapeake Midstream Partners LP on Tuesday said it would launch an initial public offering (IPO) to raise up to $425 million. Timing of the launch was not disclosed.
Senate to Begin Substantive Debate on Financial Reform Bill
Senators will begin offering amendments this week to either strengthen or weaken provisions in the far-reaching legislation that would overhaul the federal financial regulatory system, Wall Street banking practices and the $600 trillion derivatives markets.